Sales of CBD and Hemp Products are Projected to Grow

NEW YORK, July 24, 2017 /PRNewswire/ —

According to a repot by the Hemp Business Journal and Vote Hemp, the total retail value of hemp products sold in the U.S. in 2016 was $688 million. Items such as shelled seed, protein powder, soaps and lotions have continued to increase in sales. The successful hemp cultivation pilot programs in numerous states have helped popularity of these legal cannabis products. “Hemp Business Journal estimates the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care, and CBD-based products. The data demonstrates the hemp industry is growing quickly at 22% five year CAGR and being led by food and body care products, with Hemp CBD products showing a 53% AGR,” said Sean Murphy, the Founder and Publisher of the Journal., Inc. (OTC: CIIX), Marijuana Company of America Inc. (OTC: MCOA), Medical

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