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CBD could affect sleep — but maybe not in the way you think.

Posted: Sun Mar 15, 2020 1:24 pm
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For example, Lerner estimated that Charlotte’s Web Holdings Inc., the largest publicly traded CBD company, needed less than 500 acres of hemp to service an estimated $95 million of sales in 2019. Assuming Charlotte’s Web accounts for approximately 2.4% of the $4 billion U.S. CBD market, that means about 20,000 acres of hemp are needed in total.

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Instead, Lerner estimated that approximately 115,000 acres were harvested in 2019. And it’s only going to get worse.

“We are hearing that despite the losses people have had this year, they’re still going to increase plantings, and you have Texas, Florida, Wyoming and a bunch of late-comers that are just starting this crop year,” she said.

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