The U.S. Hemp Market Landscape: Cannabinoids, Grain & Fiber.
วันที่อัพเดท: 6 ก.ย. 2564
The year 2020 was tumultuous in many aspects,
and the development of the nascent U.S.
hemp industry was not spared from disruptions.
In the second year of legal hemp production,
cannabidiol (CBD) entered the national conversation
with an unanticipated rise in popularity
and use. However, the subsequent amount of
hemp grown across the country – propelled by
overall sentiment and popularity – greatly surpassed
the industry’s capacity to process it,
leading to a drastic decrease in biomass prices,
leaving millions of pounds of hemp unsold while posing severe financial
challenges to extractors and farmers alike. Total licensed acreage surpassed
420,000 acres in 20201, although only an estimated 157,000
acres were actually planted during the year. CBD remained the dominant
product choice behind hemp cultivation, with 85% of total
U.S. hemp acreage dedicated to cannabinoid production in 2020.
Total consumer spending on CBD is estimated to have reached
$3.83 billion in 2020, and is projected to reach $6.26 billion by
2025, a 5-year combined annual growth rate (CAGR) of 12.16%