Financial firms are taking advantage of billions of dollars in business opportunities opened in the U.S. hemp industry by passage of the U.S. Farm Bill, according to a new report from MJBizDaily Investor Intelligence.
Hemp firms raised more than $230 million in the first five months of the year, according to data included in Investment Opportunity Assessment: U.S. Hemp.
Meanwhile, the national market for hemp-derived CBD alone may to balloon to as much as $7 billion by 2023, according to Hemp Industry Daily market projections.
Other products – and markets for those products – are still in development, meaning additional opportunities may emerge as the industry matures.
Investment Opportunity Assessment: U.S. Hemp provides a detailed analysis of how this trend is shaking out in the newly legal market and the opportunities it has unveiled.
Not a member of Investor Intelligence? Learn more at mjbizdaily.com/investing.