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
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.