Brightfield Releases New CBD Report
Cannabis and CBD consumer data analytics company, The Brightfield Group, is announcing the release of their newest report analyzing the CBD market in 2020 and laying out their predictions for 2021. Some key information from the report includes:
- U.S. hemp-derived CBD sales are expected to reach $5.3 in 2021, up 15% from 2020’s $4.6 billion
- By 2026, American CBD sales will reach $16 billion, driven by accelerated growth of ingestible products
- Drinks and gummies are expected to be the fastest growing product types in 2021, with 71% and 44% value growth, respectively
- Tinctures will retain the highest share of the market in 2021, holding 18% of retail sales
- Online sales will surpass $2 billion in 2021, accounting for 38% of the total American CBD market…