CBD and Cannabis
Cannabis products, including those infused with cannabidiol (CBD), are a new frontier for convenience retailers. Nielsen projects that the U.S. hemp-based CBD market could be a $2.25 billion to $2.75 billion industry in 2020. Legal cannabis sales are projected to grow to $40 billion by 2025. Although many states have legalized its use, cannabis remains illegal at the federal level, and the FDA hasn’t yet approved use of hemp-derived CBD in edible products.
July 15, 2021
Observers think passage will be a long time coming.
June 15, 2021
Amid stories of consumers behaving badly, nonprofits aim to help businesses support frontline employees.
May 11, 2021
Retailers showcase designer bongs and luxury lighters.
April 20, 2021
Anticipated new jobs and businesses have not materialized.
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