Examining the Growth of the CBD Industry: A Market Report
The CBD market is experiencing tremendous growth, with sales in the United States estimated to exceed $20 billion by 2024. This growth is being driven by the increasing consumer demand for CBD products, as consumers become more aware of the potential therapeutic benefits of CBD. This growth is also being propelled by the passage of the 2018 Farm Bill, which legalized hemp-derived CBD products, and the subsequent surge in the number of CBD brands entering the market.
The current CBD market is highly fragmented, with numerous brands, products, and retailers competing for consumer attention and market share. In order to better understand the CBD market, Project CBD has compiled this CBD Market Report, which provides an overview of the current market landscape, including the key players, products, and trends.
This report will cover topics such as the size and scope of the CBD market, the major players in the CBD industry, the most popular CBD products, the current regulatory landscape, and the latest industry trends. In addition, the report will provide insights into the potential opportunities and challenges facing the CBD market.