The Future of CBD Oil, Business and Industry Trends Analysis

The future of the CBD market in the U.S. looks promising even if hurdles exist along the production chain.  A 2019 Gallup poll indicated that 14% of Americans use CBD products, with the highest usage amongst 18-29-year-olds.  In addition to human consumption, CBD products are also popular with pet owners for a number of pet ailments, as many people think it is not only calming but also relieves pain and inflammation.  Given the America’s large pet population and generational shift towards marijuana and hemp products, the CBD oil industry has good potential.  While the retailing of CBD products started out…

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