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The CBD market is projected to grow from $1.8 Billion in 2020 to $6.9 Billion by 2025

 

Important Facts on CBD Consumers

13% of all CBD users spend more than $160/month [Brightfield Group]

44% of CBD users spend $20-80/month [Brightfield Group]

Approximately 33% of adults in the United States have used CBD [SingleCare, 2020]

Graph Below Courtesy of Hemp Industry Daily

 

CBD Sales Graph

 

So if you're thinking "maybe this market has potential..."

It does.

 

 Types of Products

The most popular CBD product categories in 2021 are:

 

CBD Edibles

(Gummies, Chocolate, etc.)

 

CBD Topicals

(Salves & Lotions)

 

Oils

(Drops & Tinctures)

 

How Consumers Are Using CBD

According to a SingleCare Study:

Easing Anxiety (67%) 

Tackling Insomnia (60%) 

Joint Pain & Inflammation (52%) 

Combating Depression (43%)

 Easing Muscle Strains (35%)

Mitigating Migraines (34%)

Chronic Pain & Ailments (31%)

[Source: SingleCare]

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