These days, at least 70 countries cultivate hemp for commercial or research purposes. The largest producers of hemp are currently USA, China, Canada, France and Colombia. Hemp acreage in North America and the European Union countries reached record levels in 2020, over 360,000 acres and about 135,000 acres respectively, which put global acreage at about 675,000 acres. China – the world’s largest hemp fiber and seed producer – planted more than 160,000 acres of hemp. According to marketing analysis reports by ResearchAndMarkets, the global hemp market size was valued at $6.80 billion in 2022 up from $4.13 billion in 2021 and is expected to grow at a compound annual growth rate of 21.6% to $18.10 billion by 2027. The global CBD industry is projected to accelerate from $2.8 billion in 2020 to about $13 billion at a CAGR of over 20% from 2021 to 2028, according to Grand View Analysis.
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Hemp Cultivation Business Plan Template
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CBD Products Retail/Online Store Business Plan Template
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Hemp Cultivation + Extraction + Manufacturing Business Plan Template
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Hemp Cultivation + CBD Oil Extraction and/or Fiber Products Business Plan Template
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Hemp/CBD Vertically Integrated Investor Pitch Deck Template
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CBD Products Manufacturing Business Plan Template
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CBD Oil Extraction Lab Business Plan Template
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Hemp Cultivation Investor Pitch Deck Template
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Hemp CBD Vertically Integrated Business Plan Template
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