The CBD industry is projected to grow immensely

Industry analyst BDS Analytics predicts the U.S. CBD market will reach $20 billion in sales by 2024. This would be a major surge from $1.9 billion in 2018 (a 49% annual growth rate).
Needless to say, society is growing more accepting of CBD. Many individuals are turning to it for pain relief, stress management, better sleep, and more.
Some trends the CBD market might experience in 2020 are increased potency of products, more brick-and-mortar CBD shops, increased pharmaceutical CBD products, and more access to products online through CBD websites and e-commerce shops.

Popular CBD Categories

The CBD industry is introducing new products all the time. If you’re looking to start a CBD business, you will have a wide range of product types to consider selling. Here are the most popular types of CBD on the market right now:

A sublingual tincture is CBD oil that generally comes in a small bottle with a dropper. Sublingual products are ingested by placing them under your tongue and allowing the oil to absorb. 

CBD edibles are a rapidly growing sector of the industry, including baked goods, candies and foods. CBD edibles have faced significant regulatory scrutiny from the U.S. Food and Drug Administration (FDA) but remain as commonly found products.
Vaporizer cartridges are another common product. These can be used with an electronic device to vaporize and inhale the CBD product.
CBD topicals include gels, creams and sprays for aches and pains. These products are placed directly on the skin to target a localized region of the body.
Many patients who experience seizures or digestive issues take CBD capsules or pills to treat their conditions.
CBD works in cats and dogs just as it does for humans. CBD has been proven to ease animals’ anxiety and hyperactive behavior. Most commonly administered in the form of treats or a sublingual tincture.