According to Nielsen. sales of CBD products are projected to hit $6 billion by 2025, reports Food Business News. This projection presumes that CBD products will be legally available at major retailers and across retail channels by 2025.
“As legal restrictions are loosened, the process of bringing a hemp C.B.D. product to market, including the leveraging of mainstream distribution channels, could soon mirror that of other C.P.G. (consumer packaged goods) products,” Nielsen said. “From over-the-counter medications, to cosmetics, pet care and even products throughout the traditional food and beverage space, the future potential of hemp-based C.B.D. could impact billions in C.P.G. sales across categories.” Full Story
Related: Gottlieb Comments on CBD in Food, Drink; FMI Submits Cannabis Comments to FDA.