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Posted On: 02/01/2020 4:28:02 PM
Post# of 85938
From Potstocknews: Note: Better get with in soon Rite Aid!
Many experts see the CBD market maturing greatly in 2020 and rivaling the cannabis industry in size. Since the passing of the updated US Farm Bill in December 2018, the CBD market has been gaining steam and popping up in virtually every industry.
Now, CBD-infused offerings can be found in everything from skincare and makeup to food and beverages; even CBD pet products are becoming commonplace. Big box retailers like CVS (NYSE:CVS) and Walmart (NYSE:WMT) have already lined their shelves with CBD products, and others are expected to follow suit as consumers become more educated on the benefits on the non-psychoactive compound.
The CBD market is expected to grow rapidly in the next few years to reach $22 billion by 2022.
More and more countries around the world are legalizing CBD products for either medical or recreational use, with Australia being the most recent to consider over-the-counter cannabidiol product sales.
One of the biggest barriers for the CBD industry is ensuring that the products on the market meet high-quality standards and guidelines. At present, CBD products remain unregulated, meaning there is little legal oversight in regards to the level of CBD in them.
Many experts see the CBD market maturing greatly in 2020 and rivaling the cannabis industry in size. Since the passing of the updated US Farm Bill in December 2018, the CBD market has been gaining steam and popping up in virtually every industry.
Now, CBD-infused offerings can be found in everything from skincare and makeup to food and beverages; even CBD pet products are becoming commonplace. Big box retailers like CVS (NYSE:CVS) and Walmart (NYSE:WMT) have already lined their shelves with CBD products, and others are expected to follow suit as consumers become more educated on the benefits on the non-psychoactive compound.
The CBD market is expected to grow rapidly in the next few years to reach $22 billion by 2022.
More and more countries around the world are legalizing CBD products for either medical or recreational use, with Australia being the most recent to consider over-the-counter cannabidiol product sales.
One of the biggest barriers for the CBD industry is ensuring that the products on the market meet high-quality standards and guidelines. At present, CBD products remain unregulated, meaning there is little legal oversight in regards to the level of CBD in them.
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