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.
October 20, 2020
In an economy shattered by COVID-19, legal marijuana looks promising.
October 13, 2020
As states OK cannabis sales, the NACS Crack the Code Experience can help retailers navigate this new channel.
October 6, 2020
They are cheaper, purer and lack the legal headaches of the real deal.
August 25, 2020
Legal pot costs more, with limited outlets, but consumers are still consuming despite COVID-19.
View All CBD News