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.  Brightfield Group estimates the sales of CBD pet products hit approximately $32 million in 2018.  Given the America’s large pet population and generational shift towards marijuana and hemp…

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