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cbd industry growth 2021

CBD companies are tasked with seizing this opportunity while navigating the significant hurdles. As a founder and owner, here is my take on the crucial developing issues in my industry, along with predictions about what will happen.

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Ultimately, the U.S. Congress has the authority to address these issues, and there is current legislation aiming to do just that, such as the Safe Banking Act of 2021, the Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2021 and the Hemp Access and Consumer Safety Act. Crucially, those last two pieces of legislation would pave the way for the FDA to authorize marketing CBD as a dietary supplement. This development will open up many forbidden or restricted marketing and distribution channels, leading to greater sales and brand exposure.

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3. Big-box retail access will spur sales while stabilizing and improving supply chains.

The CBD market is segmented as below:

Dublin, Dec. 30, 2021 (GLOBE NEWSWIRE) — The “Global CBD Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering.

This study identifies the increasing number of medical cannabis dispensaries as one of the prime reasons driving the CBD market growth during the next few years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The CBD market analysis include Source and Geography segments.