CBD Projections - Is It Too Late to Start a CBD Oi
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Posted On: 06/21/2020 1:59:47 PM
CBD Projections - Is It Too Late to Start a CBD Oil Business?: CBD has taken the country by storm in recent years, creating an industry worth billions in a short time; and it’s only growing as time wears on.
Is It Too Late to Start a CBD Oil Business?
Millions use CBD as part of their daily health regimen, and with so much variety on the market, there’s something for everyone. You can find just about any flavor, potency, and variety with a simple internet search.
With so much buzz about CBD, investors and entrepreneurs alike have been scrambling to get their hands into this budding industry. Cannabidiol oil isn’t just another “health craze”, either. This incredible natural compound is backed by science and provides all kinds of benefits to humans, including pain relief, inflammation reduction, anxiety management, and more.
So, let’s get to that burning question: is it too late to start a CBD oil business? The short answer is no, it’s not too late to get started, but let’s dive into what the market projections look like, what your competitors will look like, and how you’ll set your brand apart.
CBD Projections
Hemp wasn’t officially legalized at the federal level until 2018. That means we’re only two years into its decriminalization, and the CBD industry is already one of the fastest-growing industries in our nation’s history. Some projections put the industry at somewhere around $20 billion by 2024. While projections vary wildly among experts, what is clear is that the CBD industry has been and will continue to experience exponential growth for at least the next five years.
When you consider investing or starting a business, the first thing you look at is the market. Is it doing well? Does the future look promising? What are the setbacks? As of this year, the CBD market is quite healthy and its future looks all but guaranteed. It’s not too late to get into the market, but first, you need to look at your potential competitors. (cont'd) https://www.newznew.com/is-it-too-late-to-sta...-business/
Is It Too Late to Start a CBD Oil Business?
Millions use CBD as part of their daily health regimen, and with so much variety on the market, there’s something for everyone. You can find just about any flavor, potency, and variety with a simple internet search.
With so much buzz about CBD, investors and entrepreneurs alike have been scrambling to get their hands into this budding industry. Cannabidiol oil isn’t just another “health craze”, either. This incredible natural compound is backed by science and provides all kinds of benefits to humans, including pain relief, inflammation reduction, anxiety management, and more.
So, let’s get to that burning question: is it too late to start a CBD oil business? The short answer is no, it’s not too late to get started, but let’s dive into what the market projections look like, what your competitors will look like, and how you’ll set your brand apart.
CBD Projections
Hemp wasn’t officially legalized at the federal level until 2018. That means we’re only two years into its decriminalization, and the CBD industry is already one of the fastest-growing industries in our nation’s history. Some projections put the industry at somewhere around $20 billion by 2024. While projections vary wildly among experts, what is clear is that the CBD industry has been and will continue to experience exponential growth for at least the next five years.
When you consider investing or starting a business, the first thing you look at is the market. Is it doing well? Does the future look promising? What are the setbacks? As of this year, the CBD market is quite healthy and its future looks all but guaranteed. It’s not too late to get into the market, but first, you need to look at your potential competitors. (cont'd) https://www.newznew.com/is-it-too-late-to-sta...-business/
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