Economic forecast - Hemp • Hemp –2018 Farm Bill legalized the regulated production of hemp. (USDA, EPA, FDA) • FDA has regulatory over hemp products such as foods, dietary supplements, human and veterinary drugs, and cosmetics, but CBD? • The global hemp fiber market size is expected to grow from $5.66 billion in 2021 to $7.91 billion in 2022 at a compound annual growth rate (CAGR) of 39.7%. The global hemp fiber industry growth is expected to reach $26.41 billion in 2026 at a CAGR of 35.2%.
Made with FlippingBook - Online catalogs