The CBD Market Could Reach $16B By 2025
*https://hempworxdigital.com/
What Happened...
Hemp — and its non-psychoactive derivative CBD —
were federally legalized with the signing of the Farm Bill in January.
The CBD market could represent a $16-billion opportunity by 2025,
according to a report issued Monday by a team of analysts.
The findings are based on a roughly 40-percent increase in consumer incidence with the
average user spending $640 — or less than $2 per day — each year.
To generate these findings,11 of its analysts in its consumer, health care, industrials and
regulatory teams to analyzed the market; 2,500 consumers were surveyed to determine the
findings. The report noted a higher than expected amount of CBD consumption.
We were surprised to see that nearly 7 percent of respondents in January 2019 reported
using CBD as a supplement,” the report said.
This was the first month of data and findings could fluctuate,
This includes a belief that CBD use will grow 10 percent among adults,
totaling around 25 million consumers by 2025.
The conservatism extends to the $16-billion forecast itself, the analysts said: "We can
envision a scenario where a consumer that uses a CBD tincture or capsule may also be
inclined to convert his or her beauty regimen to include CBD
(e.g., CBD infused beauty products),
With the CBD market in a growth phase,
concerns linger over a market that once suffered from scores of mislabeled products.
and/or use a topical for targeted relief as well.
Fortunes can be made in highly volatile times like this—if you know how!
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