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Growing Number of Products Getting a Taste of CBD

Stockhouse Editorial
0 Comments| March 21, 2019

The Cannabidiol (CBD) compound is finding its way into more and more products.

It’s not just beverages and dummies anymore, now offerings from capsules to skin care is getting a dose of “North America’s favourite new ingredient.”

Its producers claim it promotes general health, rather than give consumers the “high” cannabis is generally known for. Now thanks to companies incorporating CBD into new product varieties, the U.S. retail market is projected to surge from an estimated $2 billion in 2018 to $16 billion by 2025, according to a report by equity analysts at Cowen cited by the New York Times on Thursday.

The report notes that much of this growth could be driven by nutraceuticals, foods included with additives to drive health. The most popular product is tinctures, which makes up almost half of the market at 43% and beverages account for around 20%.

Stockhouse has been watching this trend emerge and has been following players, from the established businesses to emerging operators. Visit our news section for ongoing coverage and for a deeper look into the cannabis market, read our Sector Spotlight on the industry.


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