Looking Good For A 700 Percent Growth in 2019 U.S. – CBD Market

The CBD industry is on track to see a major boom in 2019. According to a report released by Brightfield Group, a leading market and consumer intelligence firm for the legal CBD and cannabis industries, the CBD market is on track to grow 700 percent through 2019. The firm also believes that the CBD market could grow $23.7 billion through 2023 due to the increase in product availability and variety increases.

According to the report that was released in July, mass retail chains will come out on top of all other retail channels in 2019, accounting for nearly 57 percent of CBD sales in 2019. Tinctures are still dominating the market and accounting for 25 percent of sales but are losing their lead as more mainstream consumer-friendly products begin to grow their market share. Some of these other products…

Continue Reading On: Tobacco Business Magazine