CBD is a Growing Market
The CBD market is forecasted to reach $22B by 2022 according to The Brightfield Group. With the introduction of the Agriculture Improvement Act of 2018 (2018 US Farm Bill), the market price of CBD is expected to decrease dramatically, as supply will surge, transitioning from limited marijuana-derived to plentiful industrial hemp-derived feedstocks. While the current high price of CBD allows enough room in profit margin to compensate for inefficient CBD production methods, ultimately the decrease in CBD market price will erode these margins until only the most efficient producers will see significant profitability.
Significant overall efficiencies will be found in changes to the entire CBD production process.
Learn How to Optimize CBD Production
In our whitepaper, titled “Increasing Total Attainable CBD at Lower Production Cost Using Innovative Hemp Processing”, we will demonstrate how using an innovative hemp processing technology, very significant efficiencies can be realized in CBD production, starting from harvesting and propagating throughout the entire production process.
About Canadian Greenfield Technologies Corp.
CGT is an award-winning Calgary-based engineering & manufacturing company specializing in hemp products and processing technologies. An off-shoot of an international-award-winning industry group in business since 1987, CGT is an industry leader with unparalleled expertise in hemp processing and the only supplier of complete whole-plant hemp processing facilities in North America, having developed, designed, engineered, and manufactured the state-of-the-art HempTrain™ Advanced Processing Plant.
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