The new year is notorious for resolutions, steep goals and a new wave of members to the gym. Other than the stereotypical “new year, new me” incentives, the market in America is bound to see some flux, especially after a year like 2020.
What can you expect from the CBD market and CBD industry in 2021? Seabedee is here to give you the lowdown on what you can expect to see from the CBD industry in 2021. Here are some of the prevalent predictions for CBD in 2021…
Fewer CBD brands on the market.
Since the legalization of industrialized hemp in 2018, the CBD industry has been on a roller coaster ride as far as the market is concerned. The initial boom of the CBD market was substantial, accumulating hundreds of millions of dollars and thousands of brands popping up all over America. 2021, however, is believed to put an end to the proliferation of CBD brands and storefronts, where only the best will remain and rise. Up until the end of 2020, the CBD industry was renown for being unregulated (and problematically so). This year, CBD is marked with stricter regulations and standards that are to be enforced. More FDA regulations on the CBD industry will mark the beginning of the end for a handful of brands, as well as establish the best CBD brands.
New CBD products hitting the shelves.
2021 expects to bring hot and new CBD products to the shelves nationwide. The last few years have boasted CBD oils and CBD gummies as staple products to CBD companies. This year, CBD products are expected to evolve using new technology and creative innovation. Some of the products rumored to become popular in the CBD industry this year include condition-specific CBD oils that are backed by research, CBD bedding, CBD hygiene products, and a variety of different CBD infused beverages.
More research and education on CBD.
The new year has brought substantial funding to CBD research, which will continue to educate the public on this compound and combat stigmas of the past. This year, you will likely see brands prioritizing CBD education, emphasizing the safety, benefits, and regulations of CBD and CBD products. Research is expected to evidence new understandings about how CBD affects different people, which is bound to open new doors for CBD product innovation.
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