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Top 5 Biggest CBD Trends To Watch Out for in 2023
CBD has been on a glorious run all around the world, with tens of millions of users swearing by the tiny molecule to enhance their health, beauty, and other factors.
Related: Top 15 CBD Oil Products in Canada in 2023
As we move into the new year, the CBD industry is expected to continue its rapid growth and expansion. Consumers can expect to see a number of new trends and developments in the world of CBD in 2023. Here are five of the most important trends that consumers should look out for:
1. Availability in Brick & Mortar stores
As the popularity of CBD continues to grow, more and more retailers are starting to carry CBD products in their stores, leading to increased availability of CBD products in mainstream retail stores. This includes everything from large chain stores like CVS and Walgreens, to smaller boutique shops. This increased availability is making it easier for consumers to access CBD, and is likely to continue to grow in the coming year.
2. More diverse CBD product offerings.
In the past, the majority of CBD products available were oil tinctures, capsules and topicals, but as the market is growing, consumers are going to see a wider range of products, such as CBD infused drinks, snacks, and even pet products. This will make it easier for people to find a CBD product that works for them, and will also open up new opportunities for businesses to enter the market.
3. Greater focus on transparency and quality control.
As the CBD industry continues to grow, consumers will become more educated about the products they are buying, and will demand greater transparency and quality control from manufacturers. This will mean more detailed labeling, third-party testing, and other measures to ensure that the products are safe and effective.
4. More research on the potential health benefits of CBD.
In recent years, there has been a growing body of research suggesting that CBD may have a wide range of potential health benefits, including reducing inflammation, relieving pain, and improving sleep. As more and more studies are conducted, consumers will become more aware of the potential benefits of CBD and may be more likely to try it for themselves.
5. Greater acceptance and legalization of CBD.
As more and more states legalize cannabis for medical and recreational use, the acceptance and legalization of CBD is likely to grow as well. This will make it easier for consumers to access CBD products, and will also create new opportunities for businesses to enter the market.
Overall, the CBD industry is expected to continue its growth in the coming year, with increased availability, more diverse product offerings, greater focus on transparency and quality control, more research on the potential health benefits of CBD, and greater acceptance and legalization. These trends will make it easier for consumers to access CBD products and will also open up new opportunities for businesses to enter the market.
It’s important to note that while CBD is legal in Canada, regulations regarding the sale and production of CBD products vary by province, so consumers should be aware of the laws in their area and look for products that are compliant with their local regulations. Also, It’s important to consult with a healthcare professional before using any CBD products and make sure that the product you are purchasing is from a reputable source, with clear labelling and testing results.
In conclusion, the CBD industry is expected to continue its growth in the coming year, with increased availability, more diverse product offerings, greater focus on transparency and quality control, more research on the potential health benefits of CBD, and greater acceptance and legalization. These trends will make it easier for consumers to access CBD products and will also open up new opportunities for businesses to enter the market.