Looking at the bigger picture, total hemp product sales reached $688 million in 2016, including textiles and auto parts. That means hemp food constituted 19% of the market with 129.3 million, supplements 4% with $26 million, and derived cannabidiol or CBD products another 19% with $130 million.
Data from SPINS indicated growth as well, though Vote Hemp said “significantly underestimates actual sales” because it excluded Whole Foods Market, Costco, and several other retailers that do not share sales data.
Despite this, it offered a real-time view of hemp’s growth and at which channels. Using SPINS’ metrics, Combined 2016 sales of U.S. hemp food, body care, CBD products and dietary supplements grew by 24.64% or approximately $23 million, over the year 2015.
“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,” according to a statement from Vote Hemp.
Where is hemp