CBD Extraction Market Grows by 22.1%, HTC Extraction Systems (TSX.V: HTC) Sees Increase in Revenue

October 25, 2019 10:26:36
  • The U.S. CBD market is expected to grow to $22 billion by 2022
  • CBD extraction from hemp biomass is proving to be the preferred method due to its relatively low cost and high yields in comparison to cannabis extraction
  • HTC Extraction Systems has already positioned itself for market success due to its proprietary extraction technology

The CBD extraction market will register exponential growth in the years to come, market reports suggest. According to a Cannabis Extract Market Size report, the annual growth rate for CBD extraction is set at 22.1 percent and the market is anticipated to reach $23.7 billion by 2025 (http://cnw.fm/PhtC4).

Market dynamics will largely drive the demand for high quality extracts up. The world is already seeing steady growth in the need for oils and tinctures derived from hemp biomass. Additionally, legislative changes are liberalizing the market and…

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