- Industrial hemp market estimated at $4.7 billion in 2019, expected to grow 15.8% by 2027
- Company plans to capitalize on convergence of CBD within nutrition, health products market
- CIIX uniquely positioned to target China’s consumer base of nearly 2 billion people as CBD oil market becomes more mainstream
As the leading financial information website for Chinese-speaking investors in the United States and China, ChineseInvestors.com Inc. (OTCQB: CIIX) recognized early on the growing opportunity in the cannabis and industrial hemp industries. In a few short years the cannabis industry has grown rapidly and is expected to reach $2.1 billion in consumer sales this year. Similarly, the industrial hemp market was estimated at $4.7 billion in 2019 and is expected to grow 15.8% by 2027. Due in large part to the demand for hemp oil and fibers in various industries in emerging regions such as Asia Pacific, this market growth bodes well for CIIX.
CIIX is hard at work in becoming a recognized leader in the hemp-based cannabidiol (CBD) oil industry. CBD is the natural ingredient extracted from the hemp plant and is devoid of harmful ingredients, medically beneficial, and…
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