Connect with us

Cannabis News

Grocery Stores May Want To Stock Up On CBD Products To Capitalize On Emerging Trend




Acosta released a new research report titled The CBD Effect: A Rapidly Emerging Consumer Trend. The report indicates that 28% of consumers surveyed reported that they currently use CBD products on a daily basis or as needed. The report further indicates that it projects that sales generated from CBD products could reach $20 billion by 2024, according to the Progressive Grocer.

Colin Stewart, the senior vice president and business intelligence at Acosta stated,

“Health ailments without a ‘one-size-fits-all treatment' are quite common and avoiding chemicals when it comes to health and self-care is important across all age groups. CBD sales and projections show consumers are turning to CBD for help, and demand is growing rapidly. Consumer CBD sales are expected to reach $20 billion by 2024 — larger than the current annual sales of candy, gum and mints combined.”

In addition, several demographics lean toward using CBD. For example, the report indicates that 56% of millennials, 32% of generation X, 15% of Boomers, 48% of men, and 49% of individuals with a bachelor’s degree use CBD on a daily or as-needed basis. Further, some individuals use CBD for general wellness or to combat specific health ailments.

Based on these statistics, grocers may want to capitalize on the CBD trends. It appears that one grocery is already making the move. The Motley Fool reports that national grocery chain Kroger, which has over 2,700 branded food-retail stores around the country, will begin to carry topical CBD products in 17 states.

Kristal Howard, the head of corporate communications and media relations, did not identify the brands that will be sold. However, she did say in a statement,

“Like many retailers, we are starting to offer our customers a highly curated selection of topical products like lotions, balms, oils and creams that are infused with hemp-derived CBD. CBD is a naturally occurring and non-intoxicating compound that has promising benefits and is permitted within federal and state regulations. Our limited selection of hemp-derived CBD topical products is from suppliers that have been reviewed for quality and safety.”

Continue Reading

Ultimate CBD Guide


ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email

Copyright © 2020 | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.