Hemp seeds were planted last week on this 10,000-acre farm near Yuma that will be used to create hemp-derived CBD products. / Provided by Integrated CBD / Phoenix Business Journal
Disclosure: Rose Law Group represents Integrated CBD LLC
Hemp-derived CBD industry is expected to reach $16 billion nationwide by 2025
By Angela Gonzales | Phoenix Business Journal
Integrated CBD LLC is investing about $65 million to build a 154,000-square-foot manufacturing plant in Phoenix that is expected to employ between 125 and 175 people.
Launched in January, the Scottsdale-based company is a vertically integrated, pharma-grade manufacturer of industrial hemp-derived CBD products, said Jeff Dreyer, co-founder and COO of Integrated CBD.
The hemp-derived CBD industry is expected to reach $16 billion nationwide by 2025.
