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.
August 4, 2020
Two Fire & Flower shops open adjacent to Circle K stores in Canada.
July 10, 2020
FDA testing reveals many CBD products don’t match their advertised level of potency.
July 6, 2020
Cannabis-infused products, including edibles and topicals, see spike in consumption, report finds.
June 25, 2020
Paying attention to training, merchandising and promotion will ensure a successful CBD program at retail.
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