Report: CBD sales in the US to reach $7 billion by 2023 as investments surge

Be at the forefront of cannabis and psychedelics science and innovation. Register today & Save $200 on tickets to The Emerald Conference by MJBiz Science, April 1-3 in San Diego.

Financial firms are taking advantage of billions of dollars in business opportunities opened in the U.S. hemp industry by passage of the U.S. Farm Bill, according to a new report from MJBizDaily Investor Intelligence.

Hemp firms raised more than $230 million in the first five months of the year, according to data included in Investment Opportunity Assessment: U.S. Hemp.

Meanwhile, the national market for hemp-derived CBD alone may to balloon to as much as $7 billion by 2023, according to Hemp Industry Daily market projections.

Other products – and markets for those products – are still in development, meaning additional opportunities may emerge as the industry matures.

Investment Opportunity Assessment: U.S. Hemp provides a detailed analysis of how this trend is shaking out in the newly legal market and the opportunities it has unveiled.

Not a member of Investor Intelligence? Learn more at