CBD Skincare To Hit $3.5B By 2026
We’ve been saying it for a while, CBD skincare is going to be big. How big? How does $3.5B annually by 2026 sound? According to Allied Market Research, those numbers are more than achievable for the CBD-fueled skincare segment.
What’s fueling this nearly 25% annual growth rate? It seems somewhat inconclusive, but it was clear that both department store adoption of CBD based skincare products (read Nordstrom and Sephora) as well as direct to consumer online sales are expected to drive the lion’s share of CBD based skincare products.
While it may be confusing that both big retail and direct to consumer online sales are driving CBD product sales, that’s exactly the case. And since both are driving total sales up, consumers will remain the big winners.
CBD Causing Headaches For HR Managers
Chances are if you are an HR manager, CBD is nothing but a big headache. Too bad, because your employees are probably taking CBD by the handful.
Turns out all those new CBD laws are running HR managers a bit crazy trying to keep up with it all. With laws ranging from state to state and in some cases city to city, it’s difficult to stay up with just what’s allowed and what isn’t. Suffice it to say, it’s now clear that CBD users can and potentially will fail their drug tests.
So when they ask, you have to tell them about the risks. Some jobs have strict Zero THC policies, regardless of local laws. Best to advise your customers that CBD use could show up on their next employee screening.
CBD Business Media Product Sampler!
CBD Business Media’s weekly CBD Product Sampler / CBD Showcase invites vendors to connect with retail buyers by offering samples and/or special wholesale offers that link traffic to a unique/traceable URL of your choice. Each week CBD Business Media invites over 30,000 buyers and retailers to connect with our sponsors, request samples, and place wholesale orders.
By bridging the gap between brands and retail outlets, we help to create opportunities that lead to flourishing relationships. Make sure your products are in the mix when retailers are planning their buys. You never know who might request to connect next!
Click here to request information about advertising your products in our weekly Product Sampler / CBD Showcase, or send an email to our Sales Manager, Casey Walsh.