PALM BEACH, Florida, Aug. 6, 2019 /PRNewswire/ -- Since the U.S. Farm Bill became law, global demand for CBD-rich consumer products has been increasing at a rapid pace. In fact, the Brightfield Group estimates the U.S. CBD product market alone to be worth over $23.7 billion by 2023, as CBD finds its way into a variety of consumer product categories including food and beverage, pharmaceuticals, cosmetics, and health and wellness. Better, according to a May 2018 survey from Nielsen, analysts found that consumers are quickly embracing CBD products, particularly when it comes to medicinal purposes. In fact, according to the survey, 40% of head and migraine suffers are considering cannabis in addition to 40% of all arthritis pain suffers, and 41% of all back and neck pain sufferers

https://www.prnewswire.com/news-releases/booming-demand-for-cbd-creating-a-23-7-billion-market-opportunity-300896777.html

Booming Demand for CBD Creating a $23.7 Billion Market Opportunity

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Aug 06, 2019, 08:55 ET