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.
April 2, 2021
But dispensaries will not be open to sell cannabis for more than a year.
February 16, 2021
Industry forms U.S. Cannabis Council to represent interests.
January 21, 2021
But several hurdles remain before cannabis is legal nationwide.
January 13, 2021
The agency will examine the safety and efficacy of CBD with real-world data this year.
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