• October 20, 2020
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  • A Growing Group Of CBD Customers Isn’t Even Human. But Its Members Appreciate CBDs’ Anti-Pain Benefits — With A Resounding ‘Woof!’

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    A “growing tide of customers” benefiting from the pain and anxiety alleviation properties CBDs offer isn’t even human; in fact, its members are pets, says a new market report on hemp-derived products.

    But, interestingly, this CBD pet market is “truly taking off,” the report, issued today from data-intelligence company Brightfield Group, says: In 2020, pet CBD sales are growing to an estimated $426 million.

    The pet market is one of the few bright spots in a somewhat bleak document whose overall message is that, “In the first half of 2020, CBD companies are experiencing a loss in revenue due to store closures and consumer concerns about coronavirus and their finances.” High unemployment, temporary brick-and-mortar-store closures and price compression have been related problems.

    Read full article here: https://www.forbes.com/sites/joanoleck/2020/07/28/a-growing-group-of-cbd-customers-isnt-even-human-but-its-members-appreciate-cbds-anti-pain-benefits—with-a-resounding-woof/#36e515402304

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