The cannabis industry in the U.S. could reach $45.8 billion by 2025 with compound annual growth rates (CAGR) between 2-8% annually, according to Headset, a cannabis industry data and analytics firm. “The opportunities presented in the U.S. cannabis market have been consistently increasing year over year since the inaugural states of Colorado and Washington voted…

The CBD skincare market is expected to hit $3.4 billion globally by 2026, with a compound annual growth rate (CAGR) of 24.8% during the forecast period, according to a report from Allied Market Research. For comparison, the market was valued at just $633.6 million in 2018. Growth will likely be attributed to the rapid rise…

Cannabidiol (CBD) sales in the convenience and petroleum channel are set to hit $171 million in 2021 — up 49% from 2020, according to market research firm Brightfield Group’s “US CBD Market Industry Update, October 2021.” The market is forecast to reach $449 million by 2026, representing a 21% compound annual growth rate (CAGR) from…

The cannabis edibles market is expected to surpass $10 billion in annual sales by 2025, according to market research firm Brightfield Group. This is one of the fastest-growing product types, according to Brightfield Group data, consistently capturing the third-largest share-of-shelf of all cannabis product types. The maturing edibles category is starting to see some standardization,…

According to market research firm Brightfield Group, millennials and Gen Xers account for over two-thirds (71%) of CBD users, though millennials take more doses per day than Gen Xers. Brightfield Group also found that both generations are more informed about the CBD dose they take — especially when compared to Baby Boomers. Knowledge and preference…

Market research firm Brightfield Group utilized Evergi Conversations data to determine that CBD was the most talked about wellness ingredient across social media platforms. Others on the list include garlic, ginger, lavender, collagen, vitamin C, probiotics, turmeric, caffeine and magnesium. With its diverse product formats and use cases, opportunity exists for the CBD industry to…

  According to Brightfield Group, consumers spent $426 million on pet CBD in 2020, and the market research firm expects it to reach $629 million in sales by the end of 2021. Dozens of prominent CBD brands have developed pet products in the last year, giving consumers more access and options for purchasing. Looking at…

  Cannabidiol, or CBD, is a chemical compound from the Cannabis sativa plant. And its many forms, such as balms, oils and gummies, have become increasingly popular among today’s consumers, particularly considering it’s relatively new to the market. So, overall how many Americans actually know what it is? Data platform Invisibly, through its Realtime Research…

  Market research firm Brightfield Group’s CBD Consumer Insights Q1 2021 report reveals new information about the CBD consumer — specifically, the “Pet CBD Buyer.” Pet CBD turned out to be more than a passing fad, the report shows. Consumers spent $426 million on pet CBD in 2020, and Brightfield Group expects it to reach…

Cannabis retail traffic was up 9.5%, and sales rebounded 8.4% year-over-year on 4/20, according to Cova Software, the largest Cannabis point-of-sale (POS) company in North America. While major outages plagued several big POS systems, Cova reported its fourth straight year of perfect uptime (100%) and benchmark transaction speeds (1.4 seconds). During peak hours on 4/20,…

2021 data from Pittsburgh-based market research firm CivicScience reveals new information about the CBD c-store consumer. According to the survey, generated Jan. 11, 2021, weighted according to U.S. Census figures for gender and age, 16% of consumers have already  purchased CBD/Cannabidiol products at convenience stores. The survey also shows that 10% of consumers have not…

You may have heard of hemp oil, also called hemp seed oil, or CBD oil, but do you know what they are — or the difference between the two? Since the 2018 Farm Bill legalized the production of hemp in the U.S., there’s been a massive influx of new products, leaving consumers and retailers alike…

  Since the 2018 Farm Bill legalized the production of hemp in the U.S., there’s been a massive increase in hemp-related products. Hemp seed oil, also called hemp oil, has been around for decades, often sold at health food stores and used in cooking and skincare. The oil is made by pressing hemp seeds and…

You might know that the 2018 Farm Bill legalized the production of hemp, which effectively legalized CBD, too. So, does that mean that CBD and hemp are the same thing? Yes. And no. Hemp Hemp is a strain of the ‘cannabis sativa’ plant species. Although cannabis (the drug) and industrial hemp both derive from cannabis…

SIGNAL Food Stores is differentiating in a crowded market with a successful proprietary foodservice program, a competitive employee benefits package and a focus on the future, from remodeling stores to adding CBD products. SIGNAL was established in 1984 with one store in Ava, Mo. Today, the chain spans 11 locations in southwest Missouri. In 2016,…

CBD and cannabis are hot topics, but many people don’t know what they are exactly, or the difference between the two. The laws and regulations about selling or using them vary depending on location and other circumstances. So be sure to do significant research before you add any CBD or cannabis-related products to your shelves.…

Since the production of hemp was federally legalized in 2018, the CBD industry began to rapidly grow. Retailers have recognized the sales potential and have been working to get these products on their shelves. But what exactly is CBD, anyway? ‘Cannabidiol,’ better known as CBD, is one of about 100 identified chemical compounds called ‘cannabinoids’ that…

Since the opening of its first location in 2015, The Grocery has been providing fresh and local products to Cleveland customers on the go. Owner Rachel Kingsbury is a Cleveland-area native with a background in fast-casual restaurants. She said she didn’t have any business experience when she decided to open a convenience store in a…

Ben & Jerry’s said it will sell CBD-infused ice cream “as soon as it’s legalized at the federal level.” Currently, the U.S. Food & Drug Administration (FDA) prohibits adding CBD to food and beverages. Ben & Jerry’s said it submitted a comment to the FDA in support of legalization — and encouraged others to submit during the FDA’s…