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Hemp Inc (OTCMKTS:HEMP) – A Pioneer In The Industrial Hemp Market

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Active firms from around the market with prevailing developments in the hemp market include Hemp Inc (OTCMKTS:HEMP)Medical Marijuana Inc (OTCMKTS:MJNA)Surna Inc (OTCMKTS:SRNA) and Canopy Growth Corp (TSE:WEED). Hemp based Hemp is one of the most discussed about, yet misunderstood parts of the cannabis market. As per a report by Brightfield Group, hemp-derived cannabidiol is estimated to be a billion-dollar industry in merely three years. The data firm projects that hemp Cannabidiol sales had already touched $170 million in 2016 and a 55% CAGR over the imminent five years will lead the market to surpass the billion-dollar mark. The industry is growing because a variety of Cannabidiol concentrates are utilized to manufacture numerous products including topical ointments, edibles and even treatments for medicinal conditions.