The American Botanical Council published the CBD Market Report
The American Botanical Council’s renowned quarterly magazine HerbalGram recently released its 2021 “Herb Market Report,” which contained information on the sales of CBD as a herbal ingredient in conventional and alternative retail channels in the United States. The combined total from both platforms, $58,293,034, excludes sales of CBD in legally permitted cannabis dispensaries and internet sales of CBD products like vapes, tinctures, gummies, and other edibles. (According to Statistica, e-commerce sales of CBD in the United States hit $2 billion in 2021.) The American Botanical Council, a membership group that informs consumers, medical professionals, journalists, and others about the safe and effective use of medicinal plants, reported CBD marketing patterns in the excerpt that follows.
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