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From the blog
Last year has been a huge year for cannabidiol, and it’s hard to imagine that the market can sustain such an explosive trajectory into 2019. According to experts at cannabis research firm Brightfield Group, CBD could be poised to do just that. Their forecast puts CBD product sales at nearly US $24 billion by 2022 – 40 times the US $600 million racked up in 2018.
“We saw 80% growth in CBD this year and that was just from small- and mid-size retailers,” said Bethany Gomez, Brightfield Group’s Director of Research. “Now that larger retailers are already putting together their plans for what CBD products to carry, we expect the CBD market to hit $22 billion by 2022.”
Two major developments will act as a catalyst for this impressive growth over the next few years. There is the expected increase in sales from the states that held referendums in 2018 to legalise medical and recreational cannabis, all of which would include provisions for CBD in their legislation.
It can often be a mystery to figure out exactly how your CBD ended up in that pipette that you’re about to put in your mouth. Odds are that if you can’t easily figure out how it got there, the producer probably doesn’t want you to know. Transparency of the product supply chain is and should be an important consideration of CBD consumers.
To close off our month of producer spotlights, we’re going to rave a bit about Pharma Hemp, whose CBD supply chain is second to none in terms of transparency and sustainability.
If you’re a fan of cannabidiol then you know that we live in exciting times with new and imaginative CBD products appearing on the market every day. It’s an incredible substance that has brought relief to millions. At the end of the day, however, it is something that we are putting into our bodies. We know that it’s important to our customers to know exactly how their CBD was produced before consuming it.
This week, we’re highlighting CBD Asylum, a CBD producer devoted to its customers’ physical and mental well-being.
A trusted voice in the CBD industry
MariPharm was founded in the Netherlands in 1995 and has pioneered cannabis research for the last 23 years. With several years of hemp expertise under its belt, MariPharm has been a trusted advisor to the Dutch and other governments. Through this advisory role, the company has helped develop programs that use CBD as a tool to improve health and quality of life.
As a member of the UK’s Cannabis Trades Association, MariPharm has pledged to promote good practices, ensure all its products are legal and above board, and provide its customers with knowledge and advice on consuming cannabidiol.
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