CBD products increasingly are showing up in the mainstream market and taking many forms, including CBD-infused beverages, chocolates, and even beauty products. Manufacturers have begun using CBD in various products touting a myriad of health benefits, and making them available through online retailers, in cafes, and in some grocery stores.
This trendy industry is on the rise and may present unique retail and wholesale opportunities for distributors positioned to appropriately evaluate risks associated with these businesses. The U.S. CBD sales market is estimated to surpass $20 billion by 2024.
Before diving into this industry, however, buyers should carefully focus on the clinical research, science, and quality standards such businesses present in the development of therapies and other consumer products derived from cannabis and its components, including CBD.