8 Telling Predictions About the CBD Industry in 2022

That the CBD industry is on the rise is no secret, with the industry expected to generate revenues of 85 billion globally in 2030. The legalization of CBD in many parts of the world has created an ideal environment for CBD to grow.

2021 was a fantastic year for the CBD industry. Amid the disruptions caused by COVID 19 to the economy, the CBD sector grew to $3.5 billion from $2.8 billion in 2020.

But what can we expect of the CBD industry in 2022? Here are eight top CBD industry trends to look forward to.

1. CBD to Continue to Gain Mainstream Acceptance and Use

So far, 33% of Americans report having used CBD products. That number will only grow in the coming year as more people recognize the benefits of CBD. Many people who use CBD products now do so for the health benefits they get from doing so, including pain relief, stress management, and getting better sleep.

CBD is gaining more recognition within media circles, with major journals covering it. 67% of Americans now believe marijuana should be legalized, which only promotes CBD products even further. These trends will only continue in 2022.

2. CBD Dispensaries to Increase Across the Country

Currently, wholesale CBD gummies are available at dispensaries around the country. In 2022, you can expect the number of CBD-focused dispensaries to increase as demand for the product grows.

Many consumers have been getting CBD products from pharmacies as they trust these establishments to offer safe products. But with the usage of CBD in everyday life increasing, it’s inevitable that dispensaries focused solely on selling CBD will also increase.

3. CBD E-commerce to Grow

With the growth of CBD’s popularity, more businesses have sprung up to meet this demand. Currently, there are 23,357 stores in the US that sell recreational and medical marijuana. That’s 31.2 percent more than in 2020, and the number will only increase in 2022.

With more consumers opting to shop online, more online CBD stores will be opened. If you currently operate a CBD business or are thinking of starting one, then selling CBD products online may be a smart move for you in 2022.

4. More Diverse CBD Products to Enter the Market

CBD is already available in many forms, from capsules to gummies to balm. You can also find CBD isolate in powder form, which you can learn more about if you click here.

In 2022, expect companies to introduce new innovative products. New technology will be introduced to strengthen what’s already available, with breeders starting to breed strains that perfectly meet specific customer requirements.

Consumers can expect a wide variety of cannabis-infused products in the food, medical, skincare, and fashion industries.

5. More Research into Cannabis

Despite its popularity, cannabis is still in its infancy stage in terms of research. A lot is still unknown about cannabis.

Certainly,  there are many studies that showcase the therapeutic qualities of cannabis, but strong evidence to support these qualities is still lacking. The main reason for this is that most studies are lab experiments on rodents, and often very few subjects are involved. Thus, researchers are not able to offer concrete evidence on many claims about CBD.

The good news is that research opportunities are on the increase, which will shed more light on CBD. Scientists are also starting to synthesize new products for stronger effects, particularly when it comes to addressing serious medical conditions. More progress will be made in 2022.

6. Big Names to Enter into the CBD Business

In the past, huge brands have hesitated to embrace CBD as the industry experiences initial growing pains. But with the clearing and stabilization regulatory landscape, you can expect that corporate giants will take a growing interest in CBD.

Many industry leaders will start to diversify their product lines by adding CBD into the mix. Many of these companies will get into the CBD game through the acquisition of existing CBD enterprises.

7. Public Education, QA, and Safety to Increase

Accompanying mainstream acceptance of CBD will be a greater level of public education regarding CBD. This education will be aimed at making consumers feel safer and more confident when purchasing and using CBD products that are well regulated.

CBD enterprises that now self-regulate will need to improve their compliance and quality assurance efforts to remain in business. CBD companies that already distribute top-grade CBD products will now reap the fruits of their R&Q investment that currently reduces the return on investment.

8. Hemp Farming to Increase

As you’re probably already aware, most CBD products are made from hemp plants. Hemp plants are preferred as they contain a lot more CBD and almost no THC, which is the compound responsible for the intoxicating effect.

As CBD gains greater acceptance and demand for the product increases, there’ll be an increase in hemp growing across the country to meet this demand. So far, we are seeing the conversion of tobacco fields into hemp farms, and this trend will only continue in the coming years.

The Future of the CBD Industry Looks Brilliant

The CBD industry has experienced some good times in the recent past, thanks to the widespread legalization of CBD across the world. With the growing acceptance of CBD products among the population, sales have grown tremendously, with the CBD sector now among the fastest-growing in the country. As 2022 rolls in, we can only expect the CBD industry to continue being unstoppable.

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