Top CBD Trends
By Editorial Team
July 30, 2019
There is no denying that CBD is trendy—it’s everywhere. You love it. I love it. We all love it. It is this enthusiasm for CBD that is causing it to experience exponential growth. In the few short years that it has been mass-produced, CBD has taken off like virtually no other product. There is basically not one product that CBD hasn’t touched. If you want to take a look at some of the top 2020 CBD trends, read ahead.
From Millennials to Baby Boomers
More and more people have become more adventurous and are eager to try CBD. The customer base has exploded as word of mouth spreads. While CBD was once something associated mainly with hipsters and millennials, all age groups are getting on board the CBD ship. Now, baby boomers are among one of the largest consumers of all things CBD. Since CBD is now multi-generational, you might even see grandparents enjoying their favorite products with their grandchildren!
Double-Digit Growth
With so many more people interested in trying out CBD, it is no wonder that the industry has experienced double-digit growth. According to Medium, the CBD industry experienced sales of about half a billion dollars in 2018. In 2022, experts expect the industry to make approximately $1.8 billion in sales. With so much money to be made, that means that more players have entered the space. It is no surprise that the number of companies and brands continues to grow as well.
Enhanced Safety
One of the best CBD trends that we are seeing is the improvement in standardization that is leading to safer products. Since the industry is relatively new, there have been problems with brands not appropriately labeling their products. There have also been noticeable quality control issues. However, as the industry continues to grow, safety and standardization are at the forefront to ensure better products.
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