The latest USDA data shows there were 5,532 active licenses for the growing season of 2024, up from 5,604 active licenses in 2023. In 2024, acres planted increased 63.6% to 45,294 acres, and acres harvested 55.1% to 32,694 acres, according to the National Hemp Report 2024. Hemp floral varieties accounted for about 36% of total harvested acreage, fiber for 58%, grain for 15% and seed for 7%. The report also found that the value of hemp production in the open in the U.S. increased 61.6% to $417 million. It is worth noting that National Hemp Reports estimates only take into account sales of raw hemp material, not finished hemp products while total sales of hemp-derived products are projected to reach $5 billion by 2028.

U.S. Hemp/CBD Industry, Legalization and Opportunities

Hemp legalization and new methods of CBD oil extraction with a growing number of various CBD infused products available in mainstream markets will lead to an increase in consumer spending on CBD products. Grand View Research projects that total sales of CBD consumer products in the U.S. will grow at a compound annual growth rate of 13.8% while hemp-derived CBD is expected to grow at a CAGR of over 15% post pandemic owing to increasing demand from the pharmaceutical sector and rising awareness among consumers regarding health.

U.S. Hemp CBD Business Plan Sample. Table of Contents.


EXECUTIVE SUMMARY
  • Project Scope

  • Market Opportunities

  • Start-up Summary

  • Financial Projections

COMPANY DESCRIPTION
PROJECT SCOPE
  • Mission/Vision/Goal

  • Objectives

  • Products & Services

  • Key Markets

MARKET OVERVIEW
  • Global Market Overview

  • US Hemp CBD Industry

  • Competitive Advantages

  • Hemp CBD Market Projections and Perspectives

  • SWOT Analyses

STRATEGY & IMPLEMENTATION
  • Marketing Plan

  • Launching Strategy

  • Sales Forecast

 

OPERATIONAL PLAN
  • Location/Facilities

  • Physical Security Plan

  • Packaging and Labeling

  • Transportation

  • Tracking Solution

ORGANISATIONAL STRUCTURE & MANAGEMENT
FINANCIAL PROJECTIONS
  • Direct and Operational Costs

  • Profit & Loss Forecast

  • Cash Flow Statement

  • Balance Sheet

  • Main Ratios

  • Funding Analyses

APPENDICES
  • Income Statements, monthly

  • Cash Flow Statements, monthly

  • Floor Plans

We offer professional hemp/CBD business plan templates, including pro forma financials and projections to help you know how much money it will cost to start your business and how much money you can make by starting and operating your 100% legally compliant hemp/CBD business. A Hemp/CBD Business Plan Template includes:

  • Excel financial model that you will be able to edit and customize according to your business needs

  • Word business plan document template, open and editable

  • PowerPoint pitch deck template, open and editable

  • Unlimited support (email)

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Cannabis business plan templates are available at cannabusinessplans.com.