GITNUXREPORT 2026

Cbd Oil Business Industry Statistics

The CBD industry is a fast-growing global market worth billions, driven by widespread consumer adoption.

Min-ji Park

Research Analyst focused on sustainability and consumer trends.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Statistic 1

41% of U.S. CBD consumers are aged 18-29 years old as of 2023 survey.

Statistic 2

Women represent 62% of CBD oil purchasers in the U.S. market in 2022.

Statistic 3

28% of American adults have tried CBD products by 2023.

Statistic 4

Millennials (25-40) account for 45% of CBD sales volume in U.S.

Statistic 5

35% of CBD users in Europe are over 50 years old per 2023 study.

Statistic 6

Urban residents make up 70% of U.S. CBD consumers in 2023.

Statistic 7

52% of U.S. CBD buyers have college education or higher.

Statistic 8

Hispanic Americans represent 18% of CBD market share in U.S. 2023.

Statistic 9

67% of CBD pet product buyers are female dog owners aged 30-54.

Statistic 10

Baby boomers (55+) usage of CBD rose to 22% in U.S. from 15% in 2020.

Statistic 11

40% of UK CBD consumers cite anxiety relief as primary reason in 2023.

Statistic 12

Gen Z (18-24) accounts for 25% of new CBD trialists in 2023 globally.

Statistic 13

55% of U.S. CBD users are parents with children under 18.

Statistic 14

High-income households (>$100k) purchase 48% of premium CBD oils.

Statistic 15

31% of Canadian CBD users are athletes or fitness enthusiasts.

Statistic 16

LGBTQ+ individuals use CBD at 2x rate of general population in U.S. 2023.

Statistic 17

46% of French CBD buyers are women aged 25-44 for wellness.

Statistic 18

Rural U.S. CBD adoption grew 15% YoY to 20% of adults in 2023.

Statistic 19

38% of German CBD consumers prefer organic certified products.

Statistic 20

U.S. veterans represent 12% of CBD users for pain management.

Statistic 21

29% of Australian CBD users are over 60 for sleep aid.

Statistic 22

Black Americans CBD usage at 19% in 2023, up from 10% in 2019.

Statistic 23

50% of Brazilian CBD consumers are urban professionals aged 30-50.

Statistic 24

44% of U.S. yoga practitioners use CBD weekly.

Statistic 25

36% of Italian CBD market driven by 35-55 age group for stress.

Statistic 26

Single adults comprise 60% of frequent CBD oil users in U.S.

Statistic 27

27% of Spanish CBD buyers motivated by sleep improvement.

Statistic 28

U.S. CBD use among teachers at 24% for anxiety in 2023.

Statistic 29

42% of Netherlands CBD consumers are vegetarians/vegans.

Statistic 30

Asian Americans CBD adoption rate 15% in U.S. 2023.

Statistic 31

33% of U.S. CBD users report daily consumption habit.

Statistic 32

The global CBD market size reached USD 7.7 billion in 2023 and is projected to grow to USD 22.05 billion by 2030 at a CAGR of 16.1%.

Statistic 33

U.S. CBD sales hit $5.3 billion in 2021, marking a 50% increase from 2020.

Statistic 34

The hemp-derived CBD market in North America was valued at USD 4.9 billion in 2022.

Statistic 35

Global CBD oil market expected to reach USD 25.5 billion by 2027 growing at 31.8% CAGR from 2020.

Statistic 36

European CBD market valued at EUR 1.2 billion in 2023 with 25% YoY growth.

Statistic 37

U.S. CBD pet products market reached $327 million in 2022, up 20% from prior year.

Statistic 38

Asia-Pacific CBD market projected to grow from USD 200 million in 2023 to USD 1.5 billion by 2030 at 33% CAGR.

Statistic 39

Total U.S. CBD retail sales exceeded $6.7 billion in 2022.

Statistic 40

Global industrial hemp market for CBD production hit USD 5.8 billion in 2023.

Statistic 41

CBD beverages market in the U.S. grew to $100 million in sales by end of 2023.

Statistic 42

Latin America CBD market valued at USD 150 million in 2023, expected CAGR 28% to 2030.

Statistic 43

U.S. online CBD sales accounted for 65% of total market volume in 2023.

Statistic 44

Global CBD cosmetics market reached USD 1.2 billion in 2023, CAGR 24% forecast.

Statistic 45

Canada CBD market size was CAD 450 million in 2023.

Statistic 46

Projected global CBD market to hit USD 16 billion by 2025 from USD 4.9 billion in 2019.

Statistic 47

U.S. CBD food and beverage sales surged 125% in 2021 to $590 million.

Statistic 48

Middle East & Africa CBD market nascent at USD 50 million in 2023, 40% CAGR projected.

Statistic 49

Hemp CBD extract market in U.S. valued at $1.8 billion in 2019.

Statistic 50

Global full-spectrum CBD oil market to grow at 18.5% CAGR to USD 12 billion by 2028.

Statistic 51

U.S. CBD topicals market reached $1.2 billion in 2022 sales.

Statistic 52

Broad-spectrum CBD market globally valued at USD 2.1 billion in 2023.

Statistic 53

U.S. CBD gummies sales hit $1.5 billion in 2023.

Statistic 54

Global CBD isolates market size USD 1.8 billion in 2022, 20% CAGR.

Statistic 55

Europe wellness CBD market at EUR 800 million in 2023.

Statistic 56

U.S. CBD tinctures and oils sales $2.9 billion in 2022.

Statistic 57

Projected CBD vaping market global growth to USD 8.5 billion by 2030 at 25% CAGR.

Statistic 58

Australia CBD market valued at AUD 150 million in 2023.

Statistic 59

U.S. CBD market share of wellness industry at 5% in 2023 totaling $4 billion.

Statistic 60

Global nano-CBD market emerging at USD 300 million in 2023, 35% CAGR.

Statistic 61

U.S. CBD sports nutrition market $450 million in 2023 sales.

Statistic 62

U.S. hemp acreage for CBD production reached 500,000 acres in 2022.

Statistic 63

Global CBD extraction capacity hit 10,000 tons annually by 2023.

Statistic 64

U.S. produced 25,000 metric tons of CBD biomass in 2023 harvest.

Statistic 65

CO2 extraction method used in 60% of U.S. CBD oil production.

Statistic 66

China supplies 40% of global CBD isolate imports pre-ban.

Statistic 67

Average CBD yield per acre in U.S. hemp farms: 1,200 lbs biomass.

Statistic 68

70% of U.S. CBD processors vertically integrate farming.

Statistic 69

Ethanol extraction costs $0.15 per gram for CBD isolate avg.

Statistic 70

Colombia emerged as top Latin CBD exporter with 5,000 tons 2023.

Statistic 71

Organic certified CBD farms represent 15% of U.S. production.

Statistic 72

Global hemp seed supply for CBD up 30% to 500,000 tons 2023.

Statistic 73

Winterization process removes 98% waxes in CBD oil refining.

Statistic 74

Canada hemp CBD output 8,000 tons flower equivalent 2023.

Statistic 75

Supercritical CO2 extraction yields 90-95% CBD purity.

Statistic 76

25% of U.S. CBD supply chain disrupted by 2023 weather events.

Statistic 77

Indoor CBD hemp cultivation costs $25/sq ft vs $2 outdoor.

Statistic 78

EU CBD hemp imports from China dropped 80% post-2023 ban.

Statistic 79

Average CBD potency in U.S. commercial hemp: 12-18%.

Statistic 80

Vertical farming for CBD trials yield 2x traditional methods.

Statistic 81

40,000 U.S. hemp farms registered for CBD by 2023.

Statistic 82

Biosynthesis lab CBD production scaled to 100kg/month by 2023.

Statistic 83

Decarboxylation optimizes CBD yield by 87% at 110°C.

Statistic 84

Oregon leads U.S. CBD hemp production with 20% market share.

Statistic 85

Global CBD distillate supply 3,000 tons in 2023.

Statistic 86

Nanotechnology enhances CBD bioavailability by 4-5x in production.

Statistic 87

Kentucky CBD hemp acreage 50,000 acres, 2nd in U.S. 2023.

Statistic 88

Farm Bill 2018 legalized hemp-derived CBD with <0.3% THC federally in U.S.

Statistic 89

FDA has approved only Epidiolex as CBD drug, rejecting others like 25 applications by 2023.

Statistic 90

EU Novel Food regulation classifies CBD as novel, requiring authorization; only 2 approved by 2023.

Statistic 91

39 U.S. states have specific CBD laws beyond federal by 2023.

Statistic 92

UK's Novel Foods Catalogue lists CBD extracts needing authorization since 2019.

Statistic 93

DEA rescheduled hemp CBD from Schedule I post-2018 Farm Bill.

Statistic 94

Switzerland permits CBD with <1% THC, leading Europe in regulation clarity.

Statistic 95

FDA issued 15 warning letters to CBD companies for health claims in 2023.

Statistic 96

Canada's Cannabis Act allows CBD up to 10mg/day in non-edible products.

Statistic 97

Australia TGA rescheduled low-dose CBD to Schedule 3 from 2021.

Statistic 98

Brazil ANVISA approved CBD as medicine in 2015, imports only until 2023.

Statistic 99

7 U.S. states ban CBD sales entirely as of 2023.

Statistic 100

EU EFSA set CBD daily intake limit at 0.075mg/kg body weight in 2023 draft.

Statistic 101

FTC fined 5 CBD marketers $10 million for deceptive ads in 2022.

Statistic 102

Mexico legalized medical CBD in 2017, recreational framework 2023.

Statistic 103

FDA testing found 25% of CBD products mislabeled with THC levels over limit.

Statistic 104

Germany's CBD law change 2024 allows <0.2% THC flowers.

Statistic 105

90% of U.S. CBD sold lacks third-party lab testing per 2023 audit.

Statistic 106

France classifies CBD flowers as narcotics, oils <0.3% THC ok since 2022.

Statistic 107

USDA approved 45 hemp plans from states for CBD production by 2023.

Statistic 108

WHO review 2018 found CBD non-addictive, no abuse potential.

Statistic 109

Italy requires CBD novel food auth, only oils permitted currently.

Statistic 110

U.S. states collected $150 million in CBD/hemp taxes 2022.

Statistic 111

Czech Republic allows CBD <1% THC since 2013 EU compliant.

Statistic 112

FDA GRAS notices for CBD denied 16 times by 2023.

Statistic 113

Spain permits CBD <0.2% THC, medical framework expanding.

Statistic 114

Online CBD sales channel captured 45% of U.S. market revenue in 2023.

Statistic 115

Convenience stores accounted for 22% of U.S. CBD sales volume 2023.

Statistic 116

Amazon banned CBD product sales, shifting to 3rd-party sites 2023.

Statistic 117

Health food stores represent 18% of CBD retail sales in U.S.

Statistic 118

Direct-to-consumer DTC CBD sales grew 35% YoY to $2.5B 2023.

Statistic 119

Smoke shops/vape stores hold 15% U.S. CBD market share.

Statistic 120

Walmart piloted CBD in 100 stores, $10M sales Q4 2023.

Statistic 121

Subscription models for CBD oils reached 12% of recurring revenue.

Statistic 122

Pet specialty stores CBD sales up 28% to $400M U.S. 2023.

Statistic 123

E-commerce platforms like Etsy generated $500M CBD sales 2023.

Statistic 124

Gas stations stocked CBD in 60% of U.S. locations by 2023.

Statistic 125

Beauty retailers like Sephora added CBD lines, 10% sales boost.

Statistic 126

Wholesale CBD distribution to retailers hit $3B in U.S. 2023.

Statistic 127

Pop-up CBD shops in malls contributed 5% to retail sales.

Statistic 128

Pharmacy chains like CVS sold $150M CBD topicals 2023.

Statistic 129

Social media influencers drove 25% of CBD online conversions.

Statistic 130

Grocery chains CBD aisle sales $800M U.S. 2023.

Statistic 131

B2B CBD sales to manufacturers grew 40% to $1.2B.

Statistic 132

Airport kiosks for CBD travel products $20M sales 2023.

Statistic 133

Multi-level marketing MLM CBD schemes 8% of total sales.

Statistic 134

Fitness gyms retail CBD recovery products, 15% member uptake.

Statistic 135

Export sales of U.S. CBD reached $500M to EU/Asia 2023.

Statistic 136

Dollar stores like Dollar General CBD sales $100M 2023.

Statistic 137

CBD vending machines deployed in 5,000 U.S. locations.

Statistic 138

Corporate wellness programs purchased $200M bulk CBD 2023.

Statistic 139

Festival/event CBD booths generated $50M seasonal sales.

Statistic 140

White-label CBD private brands 20% of retail shelf space.

1/140

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Forget playing catch-up; the CBD industry is already sprinting toward a multi-billion-dollar future as markets worldwide explode with growth, diverse consumer demographics surge, and complex regulatory and supply chains rapidly evolve.

Key Takeaways

The global CBD market size reached USD 7.7 billion in 2023 and is projected to grow to USD 22.05 billion by 2030 at a CAGR of 16.1%.
U.S. CBD sales hit $5.3 billion in 2021, marking a 50% increase from 2020.
The hemp-derived CBD market in North America was valued at USD 4.9 billion in 2022.
41% of U.S. CBD consumers are aged 18-29 years old as of 2023 survey.
Women represent 62% of CBD oil purchasers in the U.S. market in 2022.
28% of American adults have tried CBD products by 2023.
Farm Bill 2018 legalized hemp-derived CBD with <0.3% THC federally in U.S.
FDA has approved only Epidiolex as CBD drug, rejecting others like 25 applications by 2023.
EU Novel Food regulation classifies CBD as novel, requiring authorization; only 2 approved by 2023.
U.S. hemp acreage for CBD production reached 500,000 acres in 2022.
Global CBD extraction capacity hit 10,000 tons annually by 2023.
U.S. produced 25,000 metric tons of CBD biomass in 2023 harvest.
Online CBD sales channel captured 45% of U.S. market revenue in 2023.
Convenience stores accounted for 22% of U.S. CBD sales volume 2023.
Amazon banned CBD product sales, shifting to 3rd-party sites 2023.

The CBD industry is a fast-growing global market worth billions, driven by widespread consumer adoption.

Consumer Demographics and Trends

41% of U.S. CBD consumers are aged 18-29 years old as of 2023 survey.
Women represent 62% of CBD oil purchasers in the U.S. market in 2022.
28% of American adults have tried CBD products by 2023.
Millennials (25-40) account for 45% of CBD sales volume in U.S.
35% of CBD users in Europe are over 50 years old per 2023 study.
Urban residents make up 70% of U.S. CBD consumers in 2023.
52% of U.S. CBD buyers have college education or higher.
Hispanic Americans represent 18% of CBD market share in U.S. 2023.
67% of CBD pet product buyers are female dog owners aged 30-54.
Baby boomers (55+) usage of CBD rose to 22% in U.S. from 15% in 2020.
40% of UK CBD consumers cite anxiety relief as primary reason in 2023.
Gen Z (18-24) accounts for 25% of new CBD trialists in 2023 globally.
55% of U.S. CBD users are parents with children under 18.
High-income households (>$100k) purchase 48% of premium CBD oils.
31% of Canadian CBD users are athletes or fitness enthusiasts.
LGBTQ+ individuals use CBD at 2x rate of general population in U.S. 2023.
46% of French CBD buyers are women aged 25-44 for wellness.
Rural U.S. CBD adoption grew 15% YoY to 20% of adults in 2023.
38% of German CBD consumers prefer organic certified products.
U.S. veterans represent 12% of CBD users for pain management.
29% of Australian CBD users are over 60 for sleep aid.
Black Americans CBD usage at 19% in 2023, up from 10% in 2019.
50% of Brazilian CBD consumers are urban professionals aged 30-50.
44% of U.S. yoga practitioners use CBD weekly.
36% of Italian CBD market driven by 35-55 age group for stress.
Single adults comprise 60% of frequent CBD oil users in U.S.
27% of Spanish CBD buyers motivated by sleep improvement.
U.S. CBD use among teachers at 24% for anxiety in 2023.
42% of Netherlands CBD consumers are vegetarians/vegans.
Asian Americans CBD adoption rate 15% in U.S. 2023.
33% of U.S. CBD users report daily consumption habit.

Consumer Demographics and Trends Interpretation

The global CBD market is being predominantly shaped by stressed, educated urbanites—from wellness-focused women and pioneering Gen Z to an expanding base of boomers and professionals—who are turning to it as a modern, multifaceted salve for everything from anxiety to parenting.

Market Size and Growth

The global CBD market size reached USD 7.7 billion in 2023 and is projected to grow to USD 22.05 billion by 2030 at a CAGR of 16.1%.
U.S. CBD sales hit $5.3 billion in 2021, marking a 50% increase from 2020.
The hemp-derived CBD market in North America was valued at USD 4.9 billion in 2022.
Global CBD oil market expected to reach USD 25.5 billion by 2027 growing at 31.8% CAGR from 2020.
European CBD market valued at EUR 1.2 billion in 2023 with 25% YoY growth.
U.S. CBD pet products market reached $327 million in 2022, up 20% from prior year.
Asia-Pacific CBD market projected to grow from USD 200 million in 2023 to USD 1.5 billion by 2030 at 33% CAGR.
Total U.S. CBD retail sales exceeded $6.7 billion in 2022.
Global industrial hemp market for CBD production hit USD 5.8 billion in 2023.
CBD beverages market in the U.S. grew to $100 million in sales by end of 2023.
Latin America CBD market valued at USD 150 million in 2023, expected CAGR 28% to 2030.
U.S. online CBD sales accounted for 65% of total market volume in 2023.
Global CBD cosmetics market reached USD 1.2 billion in 2023, CAGR 24% forecast.
Canada CBD market size was CAD 450 million in 2023.
Projected global CBD market to hit USD 16 billion by 2025 from USD 4.9 billion in 2019.
U.S. CBD food and beverage sales surged 125% in 2021 to $590 million.
Middle East & Africa CBD market nascent at USD 50 million in 2023, 40% CAGR projected.
Hemp CBD extract market in U.S. valued at $1.8 billion in 2019.
Global full-spectrum CBD oil market to grow at 18.5% CAGR to USD 12 billion by 2028.
U.S. CBD topicals market reached $1.2 billion in 2022 sales.
Broad-spectrum CBD market globally valued at USD 2.1 billion in 2023.
U.S. CBD gummies sales hit $1.5 billion in 2023.
Global CBD isolates market size USD 1.8 billion in 2022, 20% CAGR.
Europe wellness CBD market at EUR 800 million in 2023.
U.S. CBD tinctures and oils sales $2.9 billion in 2022.
Projected CBD vaping market global growth to USD 8.5 billion by 2030 at 25% CAGR.
Australia CBD market valued at AUD 150 million in 2023.
U.S. CBD market share of wellness industry at 5% in 2023 totaling $4 billion.
Global nano-CBD market emerging at USD 300 million in 2023, 35% CAGR.
U.S. CBD sports nutrition market $450 million in 2023 sales.

Market Size and Growth Interpretation

The CBD industry is exploding like a meticulously marketed firework, lighting up every imaginable market from pet treats to sports nutrition, proving that the quest for wellness has gone decidedly green and extremely profitable.

Production and Supply Chain

U.S. hemp acreage for CBD production reached 500,000 acres in 2022.
Global CBD extraction capacity hit 10,000 tons annually by 2023.
U.S. produced 25,000 metric tons of CBD biomass in 2023 harvest.
CO2 extraction method used in 60% of U.S. CBD oil production.
China supplies 40% of global CBD isolate imports pre-ban.
Average CBD yield per acre in U.S. hemp farms: 1,200 lbs biomass.
70% of U.S. CBD processors vertically integrate farming.
Ethanol extraction costs $0.15 per gram for CBD isolate avg.
Colombia emerged as top Latin CBD exporter with 5,000 tons 2023.
Organic certified CBD farms represent 15% of U.S. production.
Global hemp seed supply for CBD up 30% to 500,000 tons 2023.
Winterization process removes 98% waxes in CBD oil refining.
Canada hemp CBD output 8,000 tons flower equivalent 2023.
Supercritical CO2 extraction yields 90-95% CBD purity.
25% of U.S. CBD supply chain disrupted by 2023 weather events.
Indoor CBD hemp cultivation costs $25/sq ft vs $2 outdoor.
EU CBD hemp imports from China dropped 80% post-2023 ban.
Average CBD potency in U.S. commercial hemp: 12-18%.
Vertical farming for CBD trials yield 2x traditional methods.
40,000 U.S. hemp farms registered for CBD by 2023.
Biosynthesis lab CBD production scaled to 100kg/month by 2023.
Decarboxylation optimizes CBD yield by 87% at 110°C.
Oregon leads U.S. CBD hemp production with 20% market share.
Global CBD distillate supply 3,000 tons in 2023.
Nanotechnology enhances CBD bioavailability by 4-5x in production.
Kentucky CBD hemp acreage 50,000 acres, 2nd in U.S. 2023.

Production and Supply Chain Interpretation

With half a million acres of U.S. hemp dedicated to CBD production, 70% of processors controlling their own farms, and extraction capacity hitting 10,000 tons globally, this industry is rapidly scaling with a focus on vertical integration and premium CO2 methods, yet it remains precariously vulnerable to a 25% supply chain disruption from weather and a significant 80% drop in European imports following China's ban.

Regulatory and Legal Aspects

Farm Bill 2018 legalized hemp-derived CBD with <0.3% THC federally in U.S.
FDA has approved only Epidiolex as CBD drug, rejecting others like 25 applications by 2023.
EU Novel Food regulation classifies CBD as novel, requiring authorization; only 2 approved by 2023.
39 U.S. states have specific CBD laws beyond federal by 2023.
UK's Novel Foods Catalogue lists CBD extracts needing authorization since 2019.
DEA rescheduled hemp CBD from Schedule I post-2018 Farm Bill.
Switzerland permits CBD with <1% THC, leading Europe in regulation clarity.
FDA issued 15 warning letters to CBD companies for health claims in 2023.
Canada's Cannabis Act allows CBD up to 10mg/day in non-edible products.
Australia TGA rescheduled low-dose CBD to Schedule 3 from 2021.
Brazil ANVISA approved CBD as medicine in 2015, imports only until 2023.
7 U.S. states ban CBD sales entirely as of 2023.
EU EFSA set CBD daily intake limit at 0.075mg/kg body weight in 2023 draft.
FTC fined 5 CBD marketers $10 million for deceptive ads in 2022.
Mexico legalized medical CBD in 2017, recreational framework 2023.
FDA testing found 25% of CBD products mislabeled with THC levels over limit.
Germany's CBD law change 2024 allows <0.2% THC flowers.
90% of U.S. CBD sold lacks third-party lab testing per 2023 audit.
France classifies CBD flowers as narcotics, oils <0.3% THC ok since 2022.
USDA approved 45 hemp plans from states for CBD production by 2023.
WHO review 2018 found CBD non-addictive, no abuse potential.
Italy requires CBD novel food auth, only oils permitted currently.
U.S. states collected $150 million in CBD/hemp taxes 2022.
Czech Republic allows CBD <1% THC since 2013 EU compliant.
FDA GRAS notices for CBD denied 16 times by 2023.
Spain permits CBD <0.2% THC, medical framework expanding.

Regulatory and Legal Aspects Interpretation

The CBD industry has achieved global liberation without a universal passport, navigating a chaotic symphony of regulations where its legal status is a patchwork of yes, no, and proceed with caution.

Sales and Distribution Channels

Online CBD sales channel captured 45% of U.S. market revenue in 2023.
Convenience stores accounted for 22% of U.S. CBD sales volume 2023.
Amazon banned CBD product sales, shifting to 3rd-party sites 2023.
Health food stores represent 18% of CBD retail sales in U.S.
Direct-to-consumer DTC CBD sales grew 35% YoY to $2.5B 2023.
Smoke shops/vape stores hold 15% U.S. CBD market share.
Walmart piloted CBD in 100 stores, $10M sales Q4 2023.
Subscription models for CBD oils reached 12% of recurring revenue.
Pet specialty stores CBD sales up 28% to $400M U.S. 2023.
E-commerce platforms like Etsy generated $500M CBD sales 2023.
Gas stations stocked CBD in 60% of U.S. locations by 2023.
Beauty retailers like Sephora added CBD lines, 10% sales boost.
Wholesale CBD distribution to retailers hit $3B in U.S. 2023.
Pop-up CBD shops in malls contributed 5% to retail sales.
Pharmacy chains like CVS sold $150M CBD topicals 2023.
Social media influencers drove 25% of CBD online conversions.
Grocery chains CBD aisle sales $800M U.S. 2023.
B2B CBD sales to manufacturers grew 40% to $1.2B.
Airport kiosks for CBD travel products $20M sales 2023.
Multi-level marketing MLM CBD schemes 8% of total sales.
Fitness gyms retail CBD recovery products, 15% member uptake.
Export sales of U.S. CBD reached $500M to EU/Asia 2023.
Dollar stores like Dollar General CBD sales $100M 2023.
CBD vending machines deployed in 5,000 U.S. locations.
Corporate wellness programs purchased $200M bulk CBD 2023.
Festival/event CBD booths generated $50M seasonal sales.
White-label CBD private brands 20% of retail shelf space.

Sales and Distribution Channels Interpretation

Online shopping grabbed nearly half of America's CBD dollars in 2023, proving that while you can now buy calming oil at a gas station or a dollar store, the real money is still in the convenience of clicking "add to cart" from your couch.

Sources & References

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