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