The success of the CBD industry has caused a lot of companies who did not previously focus on CBD to now expand into the industry. This can be seen by how a Canadian oil and gas company has bought a hemp extraction company and as part of the business deal the company has acquired licenses and land to allow it to extract hemp.
This means that 5,000 acres for production were given over, and an additional 25,000 acres plan to be given over in the years to come. These steps are increasing the amount of hemp producers in the industry signifying that much more CBD will be supplied on the market. Both consumers and suppliers can expect to see continued growth in the CBD industry as more and more companies are beginning to extract and sell hemp.
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