If you’re anything like us, you want to learn as much as possible about CBD. That includes trends and stats of what is actually selling and what is not.
That’s why this year at The CBD Haven, we thought it would be interesting to take a look at our actual sales from the Black Friday weekend and see if we can spot a developing trend.
When people hear of CBD their mind automatically jumps to CBD oil. After all, CBD tinctures are still the most popular products. That is quickly changing as American’s are quickly discovering the many potential uses CBD can provide.
According to SingleCare:
“Of the Americans who use CBD, the most common uses are for pain relief (64%), anxiety (49%), and insomnia (42%).”
You had a rough day at work. Too many meetings, unprepared colleagues, and an angry boss. All you want to do is come home, grab your favorite CBD gummy, and unwind.
Sounds like a lovely plan for your evening. Except there’s a problem. You get home and realize you ran out of CBD.
While CBD has been gaining in popularity since the 2018 Farm Bill legalized Hemp in the United States, it is important to note that FDA has not approved cannabidiol as a valid treatment option for almost any reason.
Some time has passed since the 2018 Farm Bill legalized industrial hemp and with it CBD products, and the market has exploded. Along with this growth came an influx of investors and CBD brands. As quickly as they have popped up, they have fallen. An estimated 1,000 CBD brands went out of business in 2020.
There are obvious exceptions to this trend. cbdMD is one of them.
