Hemp CBD Market – Business Plan Templates

U.S. Hemp CBD Industry, Legalization and Opportunities

Total utilized production value hit $739 million (+64% YoY), driven by a 34% increase in harvested hemp acreage and a rise in value of hemp flower and grain.

Updated: April 22, 2026

Medicare’s CBD Pilot Program

Starting April 1, 2026, eligible Medicare beneficiaries will be able to access hemp-derived CBD products at no cost to themselves through the Substance Access Beneficiary Engagement Initiative established by the Centers for Medicare & Medicaid Services.

Updated: April 20, 2026

Texas Hemp Industry

Texas is the leading U.S. hemp producer, accounting for 13.6% of planted acreage in 2025. With over 13,850 CBD retail shops, it’s also a major consumer market.

Updated: April 19, 2026

South Africa Hemp Industry

The Plant Improvement Act’s amendment, which took effect on December 1, 2025, officially raised South Africa’s legal THC limit for hemp to 2%, ushering in a new phase of growth for the country’s hemp industry.

Updated: March 12, 2026

Hemp CBD Market in Japan

Japan’s hemp CBD market was valued at $163 million in 2024 and is projected to eventually reach the value of $500,000 – fueled by rising consumer interest in the role of CBD in health and wellness.

Updated: March 2, 2026

New York Hemp Industry

In 2024, the acreage of hemp planted in New York recovered slightly, rising by a modest 25% to 150 acres planted. New York’s hemp farmers mainly grow it for flower, with 72.7% of harvested hemp in 2024 being floral.

Updated: February 15, 2026

Brazil Low THC Cannabis Market

In a meeting on January 28, 2026, Brazil formally legalized the cultivation of cannabis with no more than 0.3% THC, while also revising laws to increase patient access and expand administration routes, among other changes.

Updated: January 29, 2026