Market

The demand for Healthy Living, Hemp and CBD and products in the United States (and internationally) is unlike anything seen in our lifetime. New companies are popping up every day - shops, websites & links are being set up nonstop in an effort to capture revenue from markets that are swelling - even though these industries are only in their infancies.

The Hempazon Shopping Network is focused on four markets and their potential combined sales of over $4 trillion per year: 1) Health & Wellness; 2) Hemp; 3) CBD (Cannabidiol); 4) Accessories/Ancillary/Lifestyle. These markets are similar yet unique - governed (or not) separately by local, state, and federal laws and regulations on manufacturing, selling, transporting, shipping, and distributing.

The first market is a tremendous space defined as a $4.2 trillion a year global market - the Health and Wellness Industry - which encompasses all activities that promote physical and mental well being, consisting of a universe of products such as foods & beverages, herbs & herbal remedies, supplements & vitamins, fitness & sports nutrition, health aids & personal care items, beauty products, baby products, clothing & accessories, wearable devices, pet products and much more. This market is legal to sell & ship in all 50 States and internationally, and potential Vendors abound.

According to the Global Wellness Institute, this $4.2 trillion industry grew at a 12.8% rate from 2015 to 2017 and represented 5.3% of global economic output. As interesting side notes, the global Athleisure Market was valued at $300 billion in 2018 and the global gluten-free retail market is estimated to grow to $12.5 billion by 2024.

The second market, Legal Hemp includes all products made from Hemp seeds, stalks and fibers - which have over 50,000 uses. Paper, plastic, concrete, fiberboard, insulation, food & nutritional products, pet & livestock feed & bedding, ethanol fuel, clothing & fabrics, etc. This market is non-regulated, and all products are shippable nationwide, if not globally.

The global sales of Hemp products is predicted to reach $13 billion by 2020.

The third market - Hemp CBD. It is thought by some that the CBD Industry has the potential to become the largest of the markets - CBD products are insanely popular, and CBD can be found in tinctures, capsules, patches, sprays, concentrates, extracts, oils, topicals, vapes, edibles and more.

Global CBD related product sales are predicted to reach $23.7 billion by 2023. The United States CBD Industry saw sales of $620 million in 2018, and analysts are calling for 2019 sales to reach $5 billion - that's 706% growth - and US CBD Industry revenue growth from 2018 to 2023 is expected to culminate in a 107% compound annual growth rate.

While waiting for the legal Cannabis Industry to mature and expand (when it comes to e-commerce and delivery), The Hempazon Shopping Network will focus heavily on CBD Vendor onboarding, CBD product marketing & sales and the development of in-house CBD brands and products.

The fourth market is an industry that is and has been very lucrative for a long time - the ancillary or accessories/lifestyle market, which is largely non-regulated. This market consists of a wide variety of products such as vaporizers & smoking supplies, clothing & accessories, grow supplies, books & magazines, snacks & drinks and much more. This category is primarily legal to sell & ship in all 50 States and internationally.