American CBD Market Hype Increasing as Analysts Projecting US$16 Billion by 2025

Use of cannabidiol (CBD) is on the rise, as nearly 7% of Americans have reported they’re already using CBD products. Now analysts are “conservatively” projecting the cannabis compound’s market to hit US$16 billion by 2025. Beyond the consumers, the rising CBD market’s biggest benefactors are going to be the providers of CBD products, including CROP Infrastructure Corp. (OTC:CRXPF) (CSE:CROP), Village Farms International, Inc. (NASDAQ:VFF) (TSX:VFF), Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF), Canopy Growth Corporation (NYSE:CGC) (TSX:WEED), and Tilray, Inc. (NASDAQ:TLRY). Companies involved in cultivating such as CROP Infrastructure Corp. (OTC:CRXPF) (CSE:CROP) are ramping up their operations, in the lead-up to full US federal legalization of CBD. Having recently received 2019 production and extraction licenses for its 2,115-acre Nevada hemp operation, CROP’s aim is to move towards becoming a world-class producer of CBD in time to provide for the market’s growing demand. Through a survey of 2,500 adults, investment bank Cowen ... Click here to view full article