BDS Analytics’ Top 5 Insights From Our Upcoming Pet & Pain Webinar
Our August webinar, Pet, Pain, and CBD: The Many Applications of Cannabinoid Products is coming up this week. Here is some of what you can expect to learn – be sure to tune in on Thursday for the full story. Register here: http://bit.ly/2MRJQbU
- Six in 10 Cannabis consumers use Cannabis to manage pain. Similarly, pain relief is the primary reason for consumption of hemp-derived CBD products.*
- BDS Analytics projects the total CBD market to reach $20 billion by 2024, largely driven by the legal dispensary channel.**
- More than three-quarters of adults 21+ who have purchased hemp-derived CBD pet products in the past six months have also consumed marijuana within the past two years.*
- Cannabinoid pet product sales in the legal dispensary channel grew 17% in Q2 2019 compared to Q2 2018.***
- There’s still room for education: 88% of the U.S. 21+ population does not know what Cannabinoids are and cannot articulate the definition.**
*Source: Consumer Insights research
**Source: Industry Insights service
***Source: GreenEdge™ Retail Sales Tracking