Cannabidiol (CBD) sales in the convenience and petroleum channel are set to hit $171 million in 2021 — up 49% from 2020, according to market research firm Brightfield Group’s “US CBD Market Industry Update, October 2021.” The market is forecast to reach $449 million by 2026, representing a 21% compound annual growth rate (CAGR) from…
Report: Pharma and Wellness to See Fastest CBD Growth Through 2028
Due to the increasing adoption of cannabidiol-based products to treat ailments, the global cannabidiol (CBD) market is anticipated to grow at a lucrative rate over the next several years, according to the “Cannabidiol Market Size, Share & Trends Analysis Report” from Grand View Research published earlier this year. The report estimated that the global cannabidiol…
What Are the Top Trends in CBD Drinks?
According to market research firm Brightfield Group, consumers are looking to CBD drinks for numerous reasons or occasions, from functional and fun beverages for wellness and as alcohol substitutes. “With so many existing occasions and reasons to enjoy a drink, CBD beverage companies need to get creative and specific with their positionings,” said Brightfield Group’s…
Innovative Oral Sprays
Charlotte’s Web has added new oral sprays to the its product lineup on a limited time offer basis. Calm Spray and Sleep Spray with cannabigerol (CBG) and cannabinol (CBN) are developed to help consumers manage their everyday stress or support a healthy sleep cycle, featuring a unique format that delivers the hemp extract in a…
How Does CBD Consumption Impact the Effects of THC?
A new study published in the Journal of Clinical Psychopharmacology found that cannabidiol (CBD) can lessen the psychoactive effects of d9-tetrahydrocannabinol (THC) when taken together. The goal of the study — by researchers Jose’ Bouso, PhD from the International Center for Ethnobotanical Education, Research and Service, and Alberto Sainz-Cort, MSc from Universitat Oberta de Catalunya…
What C-Stores Should Know About CBG & CBN
The marketplace for cannabis-derived products continues to grow. First came cannabidiol (CBD) oils, topicals and edibles, which quickly developed into a high-demand category. Now, manufacturers are introducing minor, or entourage, cannabinoid compounds that purport to elicit many similar beneficial effects as CBDs. The two substances gaining attention right now are cannabigerol (CBG) and cannabinol (CBN),…
Are CBD Gummies More Effective Than CBD Oil?
When Americans are asking questions about products they are considering buying at retail, c-store retailers need to have the answers. And one question that is often asked is: Are CBD gummies more effective than CBD oil? First, some definitions are in order. Cannabidiol (CBD) oil or tinctures contain a variety of CBD extract, and are…
Global Cannabis Sales to Surge 41% This Year
Cannabis sales for 2021 will near $31 billion, an increase of 41% over 2020 sales, according to global cannabis market research firm BDSA in an update of its cannabis market forecast, a five-year rolling global forecast by country, state, province, channel and category. As cannabis markets begin to open up and the market increases, cannabidiol…
Can CBD Improve Your Golf Game?
Preliminary results from a new study on the effects of CBD oil on golf players have shown positive effects on injury, sleep and on-course golf performance. The study, a joint operation with quantitative insight produced by a sport specialist market research consultancy Sports Marketing Surveys (SMS) supported by shot tracking data from Shot Scope, combines interviews…
CBD Bronze Award: Elderberry Gummies by Global Widget
Hemp Bombs CBD Gummies with Elderberry Extract contain 15 milligrams of CBD and 50 milligrams of elderberry extract to help support your immune system. Available in eight- and 20-count packages, with a suggested retail price (SRP) of $9.99 and $14.99, respectively, along with 50- and 100-count bottles (SRP $49.99 and $99.99 respectively).