Report finds 28% of consumers use CBD products daily
Nearly 28% of consumers currently use CBD products daily or as-needed.
Since cannabidiol (CBD) was legalized by the Farm Bill in 2018, CBD products have become one of the biggest trends in retail, with many consumers turning to CBD for help with various health ailments and their general well-being. “The CBD Effect: A Rapidly Emerging Consumer Trend,” a new report from Acosta, Jacksonville, Fla., revealed CBD usage trends and what retailers and manufacturers can do to capitalize on the increasing demand.
“Health ailments without a ‘one-size-fits-all treatment’ are quite common, and avoiding chemicals when it comes to health and self-care is important across all age groups. CBD sales and projections show consumers are turning to CBD for help, and demand is growing rapidly,” says Colin Stewart, senior vice president, business intelligence. “Consumer CBD sales are expected to reach $20 billion by 2024 — larger than the current annual sales of candy, gum and mints combined.”
Who is using CBD products and why?
Nearly 28% of consumers currently use CBD products daily or as-needed.