Hemp is on the Move

Written By: CV Sciences

Jun 15, 2016

Hemp is on the Move

Hemp-derived Plus CBD Oil (http://pluscbdoil.com) is the industry’s leading brand. Hemp-derived CBD Oil is just one piece of a much larger, and burgeoning hemp industry. Amazing developments and innovations across a wide array of industries and applications demonstrates only the beginning of what is possible with hemp. New building materials, textiles, foods, fuels, and supplements are being researched or already in production. The hemp market is growing, and Plus CBD Oil is at the front of this expansion.

In January 2016, a Congressional Research Service report concluded that the domestic retail market enjoys more than $580 million dollars in annual sales. In the same study, they note that, “the U.S. market for hemp-based products has a highly dedicated and growing demand base, as indicated by recent U.S. market and import data for hemp products.”

CV Sciences counts itself among those “highly-dedicated” to the responsible evolution of the hemp market. As a knowledge driven company, CV Sciences works with both public and private enterprise to learn more about hemp, and to share that understanding with the larger market community. This core value drives CV Sciences From-Seed-to-Shelf promise (https://pluscbdoil.com/why-pluscbd-oil/), as well as its collaborative work with University of Kentucky’s Industrial Hemp Research program.

CBD products are one of the most rapidly growing niches in the domestic hemp market. It is very difficult to accurately measure the total sales of CBD related products; conservative estimates approximate $85 million, while others believe the CBD market is “closer to $300 million annually.” (http://marijuanastocks.com/hemp-projected-to-generate-500-million-before-the-new-year/)

Regardless of the actual numbers, it is clear that hemp is becoming a more attractive alternative in a wide range of industries. CV Sciences looks forward to its continued participation in this sector, and is working hard to offer products that meet or exceed industry standards, such as those set by the DSHEA and the FDA. Plus CBD Oil is currently sourced EU certified agricultural hemp seeds grown by a co-op of European farmers.

CV Sciences fully supports the legal and responsible growth of the domestic agricultural hemp market.