It has been one hell of a year for the hemp industry! Many have flooded the market since the passage of the 2018 Farm Bill. This allowed the cultivation, sale, and transport of hemp across state lines and so far, 30 states are currently participating. According to Cannabiz Media, as of September 2019, a total of 11,944 active licenses have been tracked in the United States. The high demand for CBD hemp has stirred a lot of hype for this industry.
Accounting for retail markets, dispensaries and pharmaceuticals; CBD hemp sales in the United States are expected to exceed $20 billion by 2022. BDS Analytics also predicts a compound annual growth rate of 49% by 2023 across all distribution channels. The internet is the leader of these distribution channels acquiring 60% of the market. It is evident that the e-commerce business is booming, resulting in an increase of wholesale orders and retailers stocking their shelves with CBD products.
Where does Leafpon come into play?
Leafpon serves as one of the largest CBD brokers in the cannabis industry. Our brokerage services provide an easy to use B2B marketplace connecting buyers and sellers for all CBD hemp products nationwide. Leafpon acts as a liaison between buyers and sellers, reducing time, operating costs and overhead expenses. For a small commission percentage, licensed agents provide assistance by ensuring a secure network of payment, streamlining the buying process between buyer and seller. We offer payment methods such as Escrow, COD and Credit Card to protect and secure these transactions. Here at Leafpon, we take our clients security very seriously by working with a variety of law firms to make sure transactions are thorough and completed with professionalism. Committed to help businesses reach their full potential, Leafpon aims to revolutionize the CBD industry offering a user friendly platform focused on efficiency.