The Wallstreet Journal
Big food-and-drink companies are slowing work on products containing cannabidiol after regulators sounded a note of caution, making space for smaller players to capture more of the budding market.
Big food-and-drink companies are slowing work on products containing cannabidiol after regulators sounded a note of caution, making space for smaller players to capture more of the budding market.
Almost one in four US CBD consumers have started using CBD in the last six months, equivalent to nine million users, while over one in three longer-term CBD users sampled at least one new product during this time.
Many cannabis industry officials believe THC beverages could be a huge driver of growth in the coming years, particularly if companies can convince alcohol imbibers that they can be a healthier alternative.
Over 20% of CBD users consuming alcoholic beverages less frequently, according to a new study by cannabis consumer insights consultants.
Chicago – A diverse group of younger and more affluent consumers are beginning to prefer CBD beverages for socializing and on-the-go relief of anxiety, insomnia, and depression, according to cannabis market research firm High Yield Insights in an October 2020 survey of over 4,000 CBD users including 1,200 CBD beverage users.
More Than 20% of Recreational Users Consume Less Beer, Spirits, Painkillers and Sedatives
The results of the study found that 69 percent of respondents use cannabis to relieve pain, while 65 percent consume pot as a sleep aid and 54 percent use the drug to manage anxiety.