Market research, consumer insights, brand Brightfield Group is the leading consumer insights and market intelligence firm for the CBD and Cannabis industries.
What's more, it looks like the market is set to grow even more. Sales are If there's one thing that everyone can agree on, it's that the CBD industry is blowing up. But as an emerging industry, many questions linger about who exactly is Aug 7, 2019 Since the 2018 Farm Act legalizing the cultivation of hemp was signed into law last December, many CBD-based products have hit the market, Nov 22, 2019 Please bear in mind that there are different CBD market analysis figures to consider: Hemp-derived CBD products only, CBD products derived sources, sophisticated statistical modeling and primary research (interviews with better understand, invest or expand in the CBD market. Study Partners and These figures should make our Affiliates feel even more confident about building The hemp-derived CBD market, which only includes products made from Sep 11, 2018 For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. Dec 4, 2018 Brightfield pegs the market for hemp-derived CBD products at about category, and there are not yet reliable statistics on its market value. Aug 15, 2019 NEW YORK — Nielsen projects sales of $6 billion for hemp-derived cannabidiol (C.B.D.) products in the United States by 2025.
Moreover, Matt Karnes of Greenwave Advisors believes that the CBD market size will be even greater than what the Hemp Business Journal is forecasting. According to the Journal’s CBD market analysis, total CBD sales in the United States will exceed $2.1 billion by 2020, with $450 million of this figure comprised of hemp-derived CBD sales.
According to market research firm The Brightfield Group, almost half of CBD consumers discovered it through the recommendations of friends and family. Hemp-Derived CBD Will Outpace All Other Cannabis Markets, Hemp-Derived CBD Will Outpace All Other Cannabis Markets, Projected to Hit $22 Billion by 2022. As the CBD market consolidates, wholesale retailers are expected to provide exponential growth.
CBD Market Set for Huge Growth - prnewswire.com
Pets are hot new customer for CBD market as owners use it for CBD is one of the hottest consumer products in the market today. It's being added to everything from tea to body lotion and meatballs.
The cannabidiol (CBD) industry is expected to be worth $2 billion by 2022 according to new data from New Frontier Data. In 2017, the CBD industry grew by 40% and hit $367 million in sales. Green Market Report: Hemp CBD Market To More Than Double By 2022 Brightfield Group, which has established itself as a thought leader in the CBD space, just announced projections for the hemp CBD industry to become a $5.7 billion market by next year, with a projection of growth by nearly 40x to $22 billion by 2022.
Based on $1.9 billion in CBD sales in 2018, this
Canadian Cannabis Market, existing medical and recreational Canadian Cannabis Market Forecast. The total cannabis market in Canada, including medical and recreational cannabis products, is expected to generate up to $7.17 billion in total sales in 2019. Legal sales are expected to contribute more than half of this total – up to $4.34 billion. Pets are hot new customer for CBD market as owners use it for CBD is one of the hottest consumer products in the market today.
According to market research firm The Brightfield Group, almost half of CBD consumers discovered it through the recommendations of friends and family. Hemp-Derived CBD Will Outpace All Other Cannabis Markets, Hemp-Derived CBD Will Outpace All Other Cannabis Markets, Projected to Hit $22 Billion by 2022. As the CBD market consolidates, wholesale retailers are expected to provide exponential growth. Canadian Cannabis Market, existing medical and recreational Canadian Cannabis Market Forecast. The total cannabis market in Canada, including medical and recreational cannabis products, is expected to generate up to $7.17 billion in total sales in 2019.
What Is the Size of the CBD Market In the US? Cannabidiol or CBD is one of the hundred identified compounds present in the cannabis plant.
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around 80% of the total CBD market. CBD Statistics and Cannabis Research Results (Latest - 2020) High CBD (>11%) High THC (>26.5%) produced the largest perceived changes in stress in a self-reported study. (Journal of Affective Disorders, 2018) In one small study, a THC+CBD strain was associated with lower levels of cannabis craving, subjective intoxication, and circulating cytokines among participants immediately after use.