Sales of cannabidiol-based (CBD) products in the US are expected to grow 706% year on year to $5bn by the end of the year, according to a new report from market analyst Brightfield Group.
Skin care and beauty products now account for 8% of the CBD market.
“While the start of 2019 was dominated by companies well-positioned to enter the space, such as vape companies,” says the report, “Q2 saw the advent of large retailers like CVS and Walgreens, signalling that CBD is going mainstream.”
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