Cannabidiol (CBD) is now everywhere. It’s gaining more and more traction in the forms of beers, gummies, chocolates, lotions, oils, and more. This article will help you with the right CBD merchant account for your business. Also, it’ll tell you more about synthetic cannabinoids.
Modern CBD Market: CBD Merchant Account
The CBD market is growing fast. Let’s look at some figures:
According to Brightfield Group, a research company, the hemp-related CBD products market was about $591 million last year, and is expected to reach $22 billion by 2022.
According to Hemp Business Journal, the market accounted for nearly $190 million in 2017, and is anticipated to make up $646 million by 2022. It’s growing at a CAGR (compound annual growth rate) of more than 30%. The number isn’t projected to change by 2022.
According to LP Information, the CBD market will grow at a CAGR of 30.7%, thus jumping to
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