According to some cannabis industry experts, the U.S. CBD market could reach between $2.1 billion and $3 billion by 2021, according to a Forbes report. The Hemp Business Journal estimates that hemp-based sales would represent $450 million of that figure — a 700 percent increase from 2016.

In 2015, hemp-derived CBD products comprised $90 million worth of sales, while the market for marijuana-derived CBD products reached $112 million.

CBD isn’t explicitly defined under the federal Controlled Substances Act, and in 2003 the DEA lost a court case brought by The Hemp Association over their attempts to add CBD to the Schedule list. The Industrial Hemp Farming Act of 2015 amended the Controlled Substances Act to exclude hemp, which includes hemp-based CBD.

Medical Marijuana Inc. indicated that the hemp-based CBD market has already begun transforming, explaining that four years ago, customers paid $1.25 per milligram but were buying less. Now, customers are buying more, but pay 2.5 cents per milligram.

Four years ago, Medical Marijuana Inc. was one of the few large-scale CBD sellers in the U.S. with $14.5 million in total sales. Medical Marijuana Inc. earned $3.4 million in CBD sales during 2013 and estimate they’ll make about $9 million from CBD sales in 2016.

General Hemp, the venture capital firm that has a majority interest in Medical Marijuana, Inc., made $34 million from 2014 to 2016 from CBD sales.

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    CannaSafe Solutions is the one-stop-shop for all the safety needs of your cannabis growhouse, dispensary, lab, or edibles manufacturing facility. We provide all of the safety equipment and apparel you need to protect your employees, your plants, and your business.

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    HARDCAR is a world class asset protection and armored transportation company From ground breaking cybersecurity to robotics and custom built solutions to meet customer demand we believe in real customer satisfaction not lip service.

  • Green Fields Accounting

    We have a full bookkeeping service to help you keep your financial statements compliant. We are also experts in taxation. We keep informed of all the latest industry tax changes. We are also Enrolled Agents who are experts in defending our clients in audits with the IRS. We can also help with sales and excise taxes applicable to your business. We will make sure you understand Form 8300 and take care of the e-filing of this form.

  • HerbTools

    HerbTools is one of the largest online head shops specializing in all varieties of smoking accessories. Our bong shop has been distributing products worldwide at competitive rates since 2012. Customer service has always been our key priority and we ensure our products reach every customer in impeccable condition.

  • My Cannabis Accountant

    We are a Boutique Accounting firm focused on the cannabis industry. Our management team has over 100 years of combined experience in public accounting. Running a legal cannabis-based business can be complicated. Let us make sure your business is compliant with all federal, state and local financial regulations so that you can focus on your business.

  • MJ Freeway

    MJ Freeway® is the industry-leading software, consulting, and data solution for cannabis businesses, processing $5B in cannabis sales transactions and serving clients in every regulated market in the United States, Canada, Europe, and Australia. Founded in 2010 and designed and built specifically for cannabis businesses, MJ Freeway's technology includes a patented seed to sale supply chain ERP Platform which leverages sophisticated business intelligence insights.

  • Denali Accountants

    We offer a complete bookkeeping and accountancy service to self-employed individuals and small businesses. We have been providing these services for 30 years and have built up a strong client base of small businesses. We understand your needs and deliver a personal service catering to the specific needs of your business. We are diamond QuickBooks Pro advisors!

  • LC Solutions Michigan PLLC

    LC Solutions offers clients timely accrual based bookkeeping, cost accounting strategies, planning, and consulting services. Our model supports an ongoing client relationship, helping to ensure accurate accounting records throughout the year. We are professional, patient, and creative in our approach. LC Solutions specializes 100% in serving Michigan’s Medical Cannabis industry.

  • Nutraceutical Facility Solutions, LLC

    Nutra FS is a full-service cannabis facility planning and construction management firm. We create successful plans for various permit applications, including administrative, conditional use, building, health, and fire. Our diverse team will help carry you through to your project realization with services offered for cGMP, feasibility, design/build, workflow efficiency, technical writing for local and state applications. You have a vision. We have a solution.

  • Fast Capital Financing

    FCF understands the importance of financial stability to ensure the success of your business. That's why we offer loan options delivered by our expert business advisers so you can worry less about working capital, and more about what really matters - running your business! We work with all credit scores and offer an easy online application. You can receive a decision in as little as 24 hours! Contact us now to speak with one of our business advisers.

  • Cannabis Accounting Group, a CWSEAPA Company

    We believe that what sets us apart from other accounting firms, is working within the Tax Code to find a way around the oppressive Section 280E Rules.

  • Go Green Hemp

    GoGreen Hemp specializes in everything CBD. We sell directly to consumers as well as to wholesalers and those interested in white label products. Our current product line consists of Gel Capsules, Gummies, Oil Drops and Balms.

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