U.S. Hemp Market Update

According to Coherent Market Insights, the global cannabis extract market is estimated to be valued at $10.74 billion in 2022 and is expected to exhibit a CAGR of 17.3% over the forecast period (2022-2030).

The key players operating in the market are focusing on formulating new product offerings infused with CBD oil to provide consumers with easy access.

A hemp survey collected data for hemp found:
*Planted area for industrial hemp grown in the open for all utilizations in the
*United States totaled 54,152 acres.
*Area harvested for all utilizations totaled 33,480 acres.
*The value of U.S. hemp production in the open totaled $712 million.

Episode 898 The #TalkingHedge looks at Benzinga’s article...
https://youtu.be/hIksZ48oaF4