CBD Sales Anticipated to Reach $20 Billion by 2024
A new market report from BDS Analytics, a leading cannabis researcher, says that the sales of CBD products will jump from $1.9 billion (2018) to $20 billion in the next 5 years. CBD products were responsible for 11% of all total dispensary sales in 2018. According to the CEO of BDS Analytics, CBD is going from a cannabis sub-category into an industry of its own.
BDS Analytics also predicts that sales of CBD will take place in more retail stores rather than dispensaries. Due to the increase of CBD sales, there is a massive trend on the legalization and education of potential health and wellness benefits of cannabis and cannabidiol. Read the full piece from Medical Marijuana, Inc. here