CBD statistics by method
According to a SingleCare survey, nearly half of CBD users prefer oils/tinctures, lotions/balms, and gummies. But there’s a growing market for CBD edibles.
Category: CBD
CBD statistics by age
CBD user demographics skew young. Of all age groups, Americans age 18-29 are most likely to use CBD consistently, and its popularity decreases with age.
How common is CBD use?
33% of American adults have used CBD once or more. (SingleCare, 2020)
64% of Americans are familiar with CBD and/or CBD products. (Gallup, 2019)
An estimated 64 million Americans have tried CBD in the last 24 months. (Consumer Reports, 2019)
Of those who use CBD, 22% said it helped them supplement or replace prescription or over-the-counter drugs. (Consumer Reports, 2019)
CBD Edibles – The most profitable CBD products
As reported by Kush.com, Edibles are the only sector of the cbd industry that have had an
increase in retail pricing due to scarcity and demand for quality kitchens and producers.
State of the 2020 CBD Market
Cbd is still fairly a new and scarce commodity, but it’s availability is rising.
Start Your Own CBD Brand!
CBD is legal in the State of Arizona. In 2014, a court ruling determined that CBD is medically useful for treating epilepsy. This means that buying CBD oil in Arizona is legal without a medical marijuana card, even though purchasing cannabis is still illegal. That’s because CBD can be derived from cannabis’ cousin industrial hemp.
Whats new?
We will begin posting industry insider knowledge, data, and statistics here starting October 1st, 2020.
Please stay tuned for more insights!