Investing in CBD stocks could make you a millionaire. Get up to date on the CBD market data and trends.
Investors looking to get in on the ground floor of a disruptive industry are eying the CBD markets, and yes, you can still get it in at a good price.
This article will catch you up on what you need to know about the CBD market, what CBD stocks to watch, and more!
CBD Sales Surge to $20 Billion Over Next 5 years, New Data
A new data study on the CBD market estimates sales to surpass $20 billion in the US by the year 2024.
This is an increase from the previous estimate by Cowen & Co, which predicted the CBD market to reach $15 billion in sales by the year 2025
Conducted by BDS Analytics and ArcView Market Research, the forecast includes CBD sales from dispensaries, pharmaceuticals, and over the counter retail such as in cafés, shops, health stores, and others.
Key findings from the BDS Analytics report show that CBD product sales in dispensaries are outperforming overall sales in dispensaries. Also, the main consumers of CBD are an average age of 40, with an education and are likely full-time workers.
CBD Market Money
According to the new study by BDS, the growth for the CBD market is expected to increase primarily at the retail level.
CBD in foods, drinks, snacks, health and beauty products and more are becoming more available in mainstream retail shops.
Although they estimate a compound annual growth rate of an astounding 49% in all distribution channels by 2024, CEO of BDS Analytics, Roy Bingham, says he thinks that the majority of CBD product sales will soon occur in general stores, rather than cannabis dispensaries.
CBD in Retail Stores
Because CBD and Hemp have been removed from the definition of marijuana under the Controlled Substances Act, CBD oil is completely legal at the federal level.
Now, CBD oil is being sold throughout the US in gas stations, grocery stores, pharmacies, and everywhere else. There are tons of CBD brands and businesses trying to take a piece of the pie.
Ultimately, the success of any product or stock is dependent upon education and understanding, dosing, and consistent labeling, according to the BDS report. The consumer market still doesn’t understand CBD and how it’s something very different from cannabis.
Best CBD Stock in 2019
This is most definitely not trading advice and always do your due diligence when putting your money on the market.
A lot of people are betting on stocks like Aurora Cannabis, Aphria, Canopy Growth, and others, but this market is so volatile it can be very easy to get in at the wrong time and lose big, even with a great company.
If you want to stay up to date and tuned into what’s happening in the CBD markets and stocks, Cannafornia is an established cannabis cultivation company with plans to expand and grow along with the market. Learn about investment opportunities here.
He’s got his finger on the pulse and is always publishing fresh news and updates on all things CBD stocks. Check it out and good luck!
Learn More About CBD
Thanks for reading! You can learn more about the CBD in our other articles linked below.
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