Insights on CBD Market in United States
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On the afternoon of March 5th, 2FIRSTS interviewed Matt, a staff member of a CBD manufacturer from North Carolina, at the APE conference to learn about the CBD market in the southeastern region of the United States.
Matt told 2FIRSTS that there are many product types within CBD, such as vaporizers, gummies, delta-8, and delta-9.
Similar to nicotine e-cigarettes, CBD vaporization products also come in disposable and refillable types. Among them, the best-selling product is the disposable CBD vaporization product, which is also the most popular product in the entire CBD market.
When asked about the market outlook for CBD, Matt was full of confidence. He stated that the cost of entry into the CBD market is very low, as applying for a recreational marijuana sales license doesn't require a lot of money, just a business license is enough. Anyone can easily enter the market, and as more people join, the industry will continue to grow.
Coverage of the APE Exhibition:
2FIRSTS interviewed the Market Manager of APE, who predicted that the CBD market in the United States is set to reach $20.4 billion by 2023.
2FIRSTS recently interviewed Fume, an electronic cigarette brand that claims to be the first in Florida. The company is currently developing a new composite flavor.
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