CBD and Cannabis

Cannabis products, including those infused with cannabidiol (CBD), are a new frontier for convenience retailers. Nielsen projects that the U.S. hemp-based CBD market could be a $2.25 billion to $2.75 billion industry in 2020. Legal cannabis sales are projected to grow to $40 billion by 2025. Although many states have legalized its use, cannabis remains illegal at the federal level, and the FDA hasn’t yet approved use of hemp-derived CBD in edible products.

Latest News

April 2, 2021
New York Approves Recreational Use of Marijuana
But dispensaries will not be open to sell cannabis for more than a year.
February 16, 2021
Cannabis Industry Grows on Capitol Hill
Industry forms U.S. Cannabis Council to represent interests.
January 21, 2021
2021 May Be the Year for Cannabis-Infused Foods and Drinks
But several hurdles remain before cannabis is legal nationwide.
January 13, 2021
FDA Seeks Better Data on CBD Product Safety
The agency will examine the safety and efficacy of CBD with real-world data this year.

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