CBD26 Aug 2020 11:36
These signature American companies are all about branding and mass distribution – taking simple products (coffee, soft drinks and DVDs) and making sure they can be easily purchased in every convenience store, fast food restaurant and gas station in America.
According to new projections by the market research firm BDS Analytics, sales of all cannabis products will likely DOUBLE just in the U.S. in the next four years alone, from $20 billion in 2020 to $45 billion by 2024.[11]
We’re witnessing CBD maturing from a cannabis sub-category into a full-blown industry of its own,” said Roy Bingham, Co-Founder and CEO of BDS Analytics. “Our growth forecast for the CBD market, across all distribution channels, predicts a compound annual growth rate of 49 percent by 2024.”[26]