The CBD market has exploded in recent years ever since the 2018 Farm Bill effectively legalized it at the federal level. Although recreational cannabis use is still outlawed at the national level, many states have also legalized it.
The changing attitudes towards cannabis, and CBD especially, have led some people to wonder if they should invest in it. They absolutely should. While it is, to some extent, impossible to tell if a business or product will keep growing, the CBD market shows no signs of slowing down.
In this article, we discuss the CBD market, why you should invest, and where it might go in the future, so read on.
Analyzing the Market
The CBD market is currently valued at nearly 4 billion dollars, and many experts believe that this market will continue to grow for several more years.
North America is currently the largest market for CBD and by a very wide margin. The United States, Mexico, and Canada all rank among the top 5 consumers.
The spread of hemp cultivation in America was one of the most exciting segments of the farm bill for consumers in 2019. The ability to cultivate hemp was once severely limited by the Controlled Substances Act (CSA). However, the CSA has been amended recently, and now permits some cultivators to sell products, including CBD, without penalty.
The global CBD market is expected to grow at a staggering compound annual growth rate of 22% from 2023 to 2028! This means that the CBD market will be worth USD 14 billion by 2028!
What Does the Cannabis Market Look Like?
Even though the CBD market is growing and the largest portion of sales occur in North America, that doesn’t mean the market will be easy to navigate.
In any market, and especially a growing one, there are bound to be many investors and business owners trying to get their share of the revenue. To this end, many of them will attempt to branch out and expand.
We should point out that the CBD industry is large and there are several smaller fields within it. For instance, some businesses focus solely on CBD topicals, while others make CBD edibles. Still, others make CBD exclusively for pets.
The CBD industry is burgeoning and is only getting bigger and better! There’s no telling just how prosperous the future of this industry will be, so make sure you get in on the action while you still can!
Why You Should Invest in CBD
With the cannabis market being so lucrative right now, it should come as no surprise that people are flocking to it. It’s the type of market that can lead to a decent amount of extra money if you do your research.
CBD oil has been on the rise for the past few years. The industry is expected to grow even more in the upcoming years.
CBD has a lot of potential benefits that could improve your life. It’s been shown to help with anxiety, depression, chronic pain, and even cancer. CBD oil is also non-addictive and doesn’t come with as many harmful side effects as prescription drugs.
The CBD industry is growing rapidly and is expected to be worth $20 billion by 2024. If you invest in CBD now, you’ll be sure to reap the benefits in the future.
Cannabis Will Be a Future Leading Industry
The future of cannabis will largely be decided by state laws. As it becomes legal across more states, the market is likely to grow. While marijuana does seem to be trending towards greater acceptance, it’s hard to say what the next state to legalize will be or when.
Increased legalization goes hand-in-hand with increased regulation and legitimacy. The legal status of cannabis is on a path to becoming more concrete, as well.
CBD products are popping up all over the place and people are loving them! Creams, oils, gummies, drinks – there’s something for everyone. CBD dog treats are also becoming popular, and for good reason – they’re amazing!
CBD is quickly becoming one of the most popular wellness products on the market! A survey conducted by Consumer Reports found that over 4,300 Americans have tried CBD, and one out of seven people identify as daily consumers.
The survey found that CBD is popular among people of all ages! A majority of people who have used or currently use CBD are in their 20s, but 15% of people who have used or currently use CBD are over the age of 60. This just goes to show how versatile and popular CBD really is.
Investing in CBD Stocks in 2023
As CBD becomes more popular, more entrepreneurs and companies are looking to get into the CBD market. This has led to the creation of CBD stocks.
CBD stocks are stocks in companies that are either directly involved in the CBD industry or that are expected to benefit from the growth of the CBD industry.
CBD stocks could be a great investment, but you need to be careful about which stocks you invest in. Make sure you do your research and invest in a company that has a solid present and future.
CBD is an amazing product that more and more people are starting to learn about. CBD has great growth potential and is definitely worth investing in, even though it’s still a relatively new market. You won’t regret choosing to invest in CBD stocks!
The CBD Market: A Guide
The CBD market is growing at an amazing rate, with more and more people using CBD oil for its therapeutic benefits. However, the cannabis market is still in its early stages, and there are many opportunities for investors to capitalize on this booming industry.
With the legalization of cannabis in more states, the CBD market is sure to continue to grow, making it a wise investment for those looking to capitalize on the prospering cannabis industry.
We’ve discussed the cannabis market in this article, but there’s always more to learn, especially if you’re looking to invest.
If you want to know more about it, please visit CBD ReThink’s website. Feel free to contact us if you have any questions or concerns.