Nielsen details 2020 forecast for U.S. hemp-CBD in CPG industry
Nielsen projects that the U.S. hemp-based CBD market could be a $2.25-2.75 billion industry in 2020.
Activities initiated by the Food and Drug Administration (FDA) will continue to affect the evolving hemp-based CBD marketplace in the United States over the next decade. That’s why Nielsen, Chicago, predicts brands, marketers and consumers to have a big appetite for data and information about cannabis in 2020.
In fact, Nielsen projects that the U.S. hemp-based CBD market could be a $2.25-2.75 billion industry in 2020.