Is CBD a good decision for your business? Should you carry CBD products?
Here’s a few reasons why you should add a CBD section to your business.
1. Customer demand.
A recent Consumer Reports study revealed that 40% of Americans are interested in trying CBD, and 26% already have tried it.
What’s fueling all of the hype and current public interest in CBD?
Since the 2018 Farm Bill federally legalized hemp you can find it everywhere, from small local retail shops to some of the country’s largest retailers. Plus, people are becoming more interested than ever in health and wellness, including more natural products and fewer prescription drugs
2. Massive potential profits.
Another reason CBD is a good decision for your business is the potential for profits.
CBD products generated an estimated $2 billion in revenues last year, according to the investment firm, Cowen Inc. That’s a hefty sum. However, it is a drop in the bucket when you compare it to where the industry is poised to go. The Brightfield Group projects CBD to be a $22 billion industry within the next two years!! #MindBlown
- Neiman Marcus
- Swanson Vitamins
- Thrive Market
As you can see, these are some of the largest retailers in the country with hundreds of locations ready to cash in on the CBD opportunity.
3. Legal doors continue to open for CBD.
So why all the confusion over whether CBD is legal to produce, sell, and purchase?
Now for the legal bottom line.