Midwest Hemp Supply Wholesale CBD

There is tremendous opportunity in the CBD industry right now. In 2016, the Hemp Business Journal estimated that the CBD market would grow to a $2.1 billion market by 2020 with $450 million of consumer sales coming from hemp-based sources. According to a new estimate from cannabis industry analysts, the hemp CBD market could hit $22 billion by 2022.

CBD, or cannabidiol, is a naturally occurring cannabinoid found in the cannabis plant. CBD is non-intoxicating, and hemp-derived extract legally contains less than 0.3% THC. Whether CBD is extracted from hemp—a cannabis variety containing less than 0.3% THC—or from a cannabis variety with higher concentration of THC, it is the same compound.

While most recreational and medical cannabis cultivators focus on high-THC, low-CBD chemovars (strains), hemp can be grown to reach high levels of CBD and low levels of THC. Therefore, raw CBD hemp plant extract is likely to yield a higher concentration of CBD than recreational cannabis extract while having lower concentrations of THC.

Hemp-derived cannabinoids (CBD, CBG, CBN, CBC) are a great option for those seeking to benefit from the cannabis plant’s potential medicinal and therapeutic properties without getting high.