2016 Annual Retail Sales for Hemp Products Estimated at $688 Million
April 14, 2017
Excerpt below: See Original Press Release


WASHINGTON, DC — Vote Hemp, the nation's grassroots hemp advocacy organization working to change state and federal laws to allow commercial hemp farming, has released final estimates of the size of the 2016 U.S. retail market for hemp products. Data from market research supports an estimate of total retail sales of hemp food, supplements and body care products in the United States at $292 million. Sales of popular hemp items like non-dairy milk, shelled seed, soaps and lotions have continued to increase, complemented by successful hemp cultivation pilot programs in several states, and increasing grassroots pressure to allow hemp to be grown domestically on a commercial scale once again for U.S. processors and manufacturers. Vote Hemp and Hemp Business Journal have also reviewed sales of clothing, auto parts, building materials and various other products, and estimates the total retail value of hemp products sold in the U.S. in 2016 to be at least $688 million. Of this $688 million hemp market, Vote Hemp and Hemp Business Journal estimate that hemp foods constituted 19% ($129.3 million); personal care products constituted 24% ($163 million); textiles constituted 14% ($99.5 million); supplements constituted 4% ($26 million); hemp derived cannabidiol or CBD products constituted 19% ($130 million); and hemp dietary supplements constituted 4% ($26 million); industrial applications such as car parts constituted 18% ($125.5 million); and other consumer products such as paper and construction materials accounted for the remaining 2% of the market.
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