The CBD Industry Just Shed 1,000 Brands. Here’s Why Analysts Still See Strong Growth Ahead

The boom happened–to the tune of 562% growth in a single year–and the bust was inevitable, with analysts last summer predicting “an extinction event” in the U.S. CBD market that would wipe out some of the 3,000 brands in the space. That forecast turned out to be accurate, according to a new Brightfield Group report…
The boom happened–to the tune of 562% growth in a single year–and the bust was inevitable, with analysts last summer predicting “an extinction event” in the U.S. CBD market that would wipe out some of the 3,000 brands in the space. That forecast turned out to be accurate, according to a new Brightfield Group report…