It’s no surprise one of 2020’s biggest trend, besides COVID, came out on top.
Cannabidiol & hemp-based products have take the industry by storm.
Shoppers are starting to explore CBD products for their claimed health benefits including relief from pain, anxiety, and seizures and to improve sleep.
WHY IT’S NOT TOO LATE TO TAP INTO THE CBD MARKET:
There’s no denying that the CBD (cannabidiol) industry has grown incredibly fast in the past few years. According to the National Retail Federation (NRF), 2019 saw a 700% increase in consumer demand for CBD-based products (2020 report not out yet), and Rolling Stone reports that the market will hit $22 billion by 2022.
CBD has conquered industry after industry, from food and beverage, to health and beauty, and even some more, shall we say private markets.
Following the gradual increase in the availability of CBD products over the last five to ten years, the CBD market has exploded.
In fact, a report released last autumn by the Brightfold Group predicts that it might hit $22 Billion by 2022 in the U.S. alone. Given the entire U.S. organic food market is estimated to reach $70.4 Billion by 2025, this is a mind-blowing figure.
Y’all like a Peloton, CBD is a lifestyle. CBD makes you feel good; and feeling good looks good on everyone!
In the words of Alex Toussaint (Swoon), “there’s no right or no wrong, if it makes you feel good… matter of fact that is RIGHT actually, that is right.”