Ride the Wave of CBD Business Opportunities: 20 Ideas + Tips to Get Started
Source: BigCommerce / CBD Business
Who would have thought that one tiny, plant-derived chemical could become one of the most sought-after ingredients in 2020? Cannabidiol, or CBD as it’s known in its bite-sized form, has earned a reputation as one of the most versatile ingredients from the cannabis plant. A little drop of heaven, some might call it — particularly when administered in its tincture form — CBD made its debut on the scene in 2018.
During that year, the U.S. Food and Drug Administration approved the first CBD drug for epilepsy — Epidiolex. That same year, the global cannabidiol market was valued at USD $4.6 billion. This is according to Grandview Research, which estimates that the market will swell by a compound annual growth rate of 22.2% between 2019 and 2025.
As technology evolves and manufacturers discover more ways to produce, market, and develop different types of CBD products, for example, various concentration and administration options, the consumer demographic is expanding.
This growing market is also inspiring business owners to capitalize on what has become a mainstream money magnet.
Discover how you can join the USD $4.6 billion CBD market and get 20 great ideas & tips on how to get started.
Read more here.