A Budding Industry: CBD Statistics & Trends (Infographic)

What is CBD all about and why are cannabis and hemp oil all over the internet? To help you understand this rapidly growing industry, we’re going to present you with some interesting CBD statistics and facts illustrated in this eye-catching infographic.

CBD or cannabidiol is one of the most important active substances in the cannabis (marijuana) plant. It can be obtained from different cannabis species, but it can also be synthetically produced. There are divided opinions on whether it works better on its own or joined with other cannabis compounds, yet one thing is for sure — its positive effects on human (and pet) health are undeniable, as CBD statistics are clearly showing. 

At the moment, only CBD derived from hemp is legal under federal law while we wait for more research on the substance to begin.

We can observe CBD as an amazing cure, but we can also watch the changes in the industry. That is one serious venture and a lot of people would like to get a piece of that $20 billion pie (this is the prognosis for US collective sales of CBD by 2024).

With that in mind, here is our pick of:

10 Must-Know  CBD Statistics for 2022

• 26% of people believe that CBD and marijuana are the same thing.
• The number of licensed hemp growers in the US increased by 27%.
• A cannabis worker earns more than an average American.
• 9 million people started using CBD for the first time due to the pandemic.
• Americans spend an average of $20–$80 per month on CBD.
• CBD sales in the US are predicted to reach about $1.8 billion by 2022.
• The number of licensed hemp growers in the US increased by 27%.
• 68% of Americans are in favor of legalizing cannabis.
• 9 in 10 pet owners would recommend CBD as a way of pet treatment.
• CBD can help treat heroin addiction.

See what we mean? Take a look at the following infographic for more mind-blowing CBD trends.

Top 5 Most Important CBD Facts

To avoid any misconceptions about CBD, here are some general facts you should know. 

1. CBD is only the first substance among equals within the cannabis plant.

(Harvard Health Publishing) 

The cannabis plant has over 500 compounds, including more than 100 cannabinoids. Yet, it is CBD that gets most of the praise due to its power to fight against a plethora of illnesses and conditions.

2. Facts about CBD show that you cannot get addicted to it.

(WHO)

Having analyzed numerous studies, the World Health Organization confirmed that CBD does not have any addictive features, as opposed to THC.

3. Pure CBD is perfectly safe for usage.

(WHO)

Despite the fact that CBD benefits are officially recognized and it has no psychoactive effects, cannabis/marijuana is still proclaimed as a Schedule 1 drug by the US government. 

This fact alone makes a lot of people doubt its safety, but there is no scientifically based justification for it. CBD is approved by the World Health Organization, for instance.

4. CBD effects are not universal.

(Mayo Clinic)

Even though CBD is not harmful by itself, that does not mean we all react to it in the same way, especially if one is already using some kind of medical treatment.

5. CBD health statistics about the entourage effect confirm CBD has a better effect when it is combined with other cannabis or hemp substances.

(ResearchGate)

While it is possible to purchase CBD without any other marijuana or hemp ingredients in the form of CBD isolate, CBD products are more effective when CBD works in synergy with THC, terpenes, and other substances found in the cannabis plant. 

Whether the THC level is higher than the federally legal amount of 0.3% is not always important for the overall effect. 

How Much Is the CBD Market Worth?

The CBD market is witnessing substantial growth, in both the US and Europe.

6. The global CBD oil market was worth $967.2 million in 2020.

(Medgadget)

CBD oils are mostly used in pharmaceutical, food, and cosmetic products, with the food and the cosmetic industry making more than half of the overall CBD market. 

Additionally, CBD market statistics estimate that by 2025 it will be worth $5.3 billion with a 40.4% CAGR growth for the 5-year period. 

7. The US CBD market will reach a CAGR growth of 43.36% by 2024.

(Green Market Report) (GlobeNewswire)

Taking everything into consideration, the CBD craze shows no signs of stopping as the demand keeps growing. It’s estimated that the US CBD market will be worth $13.39 billion by 2024, based on the CBD market data.

That can be observed by looking at the actions of the biggest manufacturers. For example, Charlotte’s Web increased its hemp acres by 187% in order to satisfy the growing demand in 2019.

8. Due to the global pandemic, 45% of consumers started purchasing CBD products via online shops, CBD statistics reveal.

(Westword) (Green Entrepreneur)

 This made the web the main source for buying and selling CBD. Before the beginning of the pandemic, there were over 3,500 brands of CBD products in the US market in 2020.

9. Women are founders or general managers of over 75% of CBD brands on the Eaze Wellness platform for shipping CBD.

(Green Entrepreneur)

Did you know Kush Queen and Mary’s Medicinals are female-owned? The same goes for BSBE, NOIREBUD, and Elio, to name a few.

10.  CBD sales in the US are predicted to reach about $1.8 billion by 2022.

(Statista) 

This is even more impressive if one knows that in 2018 the US consumer sales were “only” half a billion dollars. As for the current year, CBD American sales in 2021 should hit an amazing $1.6 billion.

11. CBD consumer demographics show us that the European CBD market is expected to grow by 400%.

(Health Europa)

77% of Europeans believe CBD should be made accessible in some form, which is probably why the estimates for the CBD market worth are about $23.6 billion. 

The amazing growth is expected in the next four years thanks not only to medicinal products but other consumer goods such as skincare and cosmetics.

12. CBD industry growth estimates say the CAGR of the global CBD market will be over 32% for 2020-2024.

(Business Wire)  

The financial benefits of cannabis legalization are reflected in the expected growth of $3.52 billion for the period. The compound annual growth rate of over 30% tells us CBD business should be a pretty safe investment.

13. Besides CBD oil, the products that are expected to increase their sales are cannabis edibles and beverages.

(Investopedia)

According to a survey, 58% of cannabis consumers are interested in edibles. In addition, CBD-infused juices, coffee, water, etc. could be advertised as healthy and go hand in hand with the wellness movement.

14. 55.3% of CBD online sales are made on a specific CBD brand website.

(Statista) 

Unfortunately, up to 40% of CBD products are bought online on Amazon. Since Amazon does not allow cannabidiol products, the CBD products advertised there are merely hemp seed oil products. As a result, there is a possibility a number of people end up without CBD.

15. The UK CBD market is the largest one in Europe in 2020.

(Canex)

Based on the CBD statistics, the UK market is currently worth over $547 million (£400 million), making it the largest cannabidiol market in Europe. The industry is thriving despite the coronavirus. 

It’s estimated that the CBD market will be worth $1.3 billion (£1 billion) by 2025.

16. Big CBD oil facts: Agrocasa is the largest CBD producer in Europe, producing 24,000 liters of CBD oil per year.

(GlobeNewswire)

Agrocasa, from Romania, is also the company with the biggest managed-grow operations of Hemp in Europe. In other words, it produced about 24,000 liters of CBD oil in 2020. The oil comes from over 4,000 ha, with the potential of expanding onto 30,000 ha in the next 10 years.

17. With over $2.19 billion, Colorado is the state with the highest cannabis revenues.

(The Denver Post) (CDOR)

According to the CBD statistics, 2019 was the record-breaking year for Colorado dispensaries, with sales of $1,747,990,628. That said, in 2020, the numbers were even higher, despite the coronavirus outbreak, with total sales of $2,191,091,679. The most purchased products were recreational cannabis and medical marijuana.

18. CBD coffee and tea sales went up by 3,608.7% in 2019. 

(Statista)

When it comes to CBD beverages, the most selling products in 2019 were CBD (ready-to-drink) coffee and tea. Bottled water sales rose by 795.2%. CBD-infused energy drinks lost their popularity and had a decrease of 57%.

19. Based on CBD oil sales estimates, the CBD beverages market will be worth $2.8 billion by 2025.

(PR Newswire)

The numbers relate to alcoholic and non-alcoholic beverages that contain CBD or THC. On that note, CBD beverages, like tea and coffee, have the fastest growth due to their wellness and anti-inflammatory benefits, and the lack of psychoactive effects. Many people use them for chronic pain treatments and anxiety.

20. CBD sales by state confirm California’s reign as the sales of CBD products reached $730 million 2019.

(Statista)

California had the most sales of CBD products in 2019, followed by Florida and New York, which hit $290 million, i.e., $215 million.  

21. According to the CBD sales statistics for 2019, US product sales were about $5 billion.

(Motley Fool)

The latest Brightfield report states that the CBD product sales will amount to $23.7 billion by 2023. 

CBD products in the value of  $620 million were sold in the US in 2018, while in 2019 CBD product sales were about $5 billion. YOY (year-over-year) growth was 706% for that period! 

To this end, US sales of CBD are estimated to grow by 107% every year until 2023.

22. The retail position in CBD sales jobs is called a budtender.

(Fortune)

They work behind the counter and have to be well-prepared to answer a myriad of questions about all the different strains and types of products they are selling. The average salary for a budtender is $32,240 and that is almost $5,000 more than an average shop assistant.

23. A cannabis worker earns more than an average American.

(CNBC) (Fortune)

Cannabis workers’ wages are about 11% higher than the median wage, and certain positions are paid even more. A CEO of one of the top five cannabis companies has an average salary of over half a million dollars, for example. Dispensary managers earn $11,000 more than regular food service managers.

24. CBD statistics say the pet CBD market was worth $60 million in 2020.

(Hemp Industry Daily)

It’s estimated that hemp CBD products for pets will reach $175–$225 million by 2025 if they become recommended by veterinarians and approved by FDA. The internet is filled with positive reviews of CBD pet products.

What About CBD & Medical Cannabis?

How many people use medical cannabis and what is the medical cannabis market worth?

39. Medical cannabis market will reach $82.19 billion by 2027.

(Pharmiweb)

CBD statistics are improving each year, and let’s not forget it can be ingested in combination with THC. It’s estimated that the global medical cannabis market will have a major CAGR growth of 20.25% by 2027, given that more and more people are aware of its medical benefits. 

40. There are 1,920,294 medical marijuana patients in California.  

(Statista) (Marijuana Doctors)

Statistics about CBD and marijuana reported the highest number of medical marijuana patients was in California in 2020, which is also the most recent data. According to the California medical marijuana program, there are nearly 2 million patients. They qualify for its usage due to dealing with cancer, arthritis, chronic pain, AIDS, anorexia, etc. 

CBD Oil Facts and Benefits Regarding Health

CBD can be used to treat various health problems, from anxiety to pain and skin conditions.

41. 9 in 10 pet owners would recommend CBD as a way of pet treatment.

(NutraIngredients USA) (Vet Candy)

After trying other medications on their pets, 80% of owners believe that CBD is much safer and more effective as a treatment. 

Furthermore, in another survey,  56% of veterinarians reported using CBD products for dogs. Also, 66% believe it can help pets with anxiety. Finally, 80% of the vets reported there were no major side effects due to CBD use.

42. Newest research on CBD benefits indicates CBD can have positive effects on the treatment of glioblastoma.

(Nature)

GBM (Human glioblastoma multiforme) is one of the deadliest primary brain cancers. It implies hard treatment, from surgical resection to external beam radiotherapy. A study shows that, when it comes to glioblastoma, CBD can induce cell death. In addition to that, it can increase cancer’s sensitivity to radiation. 

43. CBD is useful in treating various skin conditions.

(NCBI) (Wise Living Magazine)

CBD oil nutrition facts show that a variety of skin conditions can be treated by CBD, from dryness to itching. Due to its anti-inflammatory properties, it can also help with eczema, dermatitis, and psoriasis treatments.

44. CBD can help fight anxiety and depression.

(Medical News Today) 

CBD oil statistics show us that it can be helpful and efficient for treating various anxiety disorders, like PTSD, OCD, panic disorder, generalized anxiety disorder, and social anxiety disorder. Research showed 78.1–79.2% of the participants taking CBD noticed their anxiety levels reduced.

Furthermore,  CBD can reduce seizures caused by Dravet syndrome and Lennox-Gastaut syndrome. 

CBD and Coronavirus

How did the global pandemic affect the CBD market and CBD consumers? 

45. 39% of CBD users increased consumption during the pandemic. 

(Winsight Grocery Business)

Younger generations were keener on increasing their CBD dosage. Moreover, millennials (51%) and Generation Z (48%) started using more CBD products, inspired by the COVID-19 crisis. In comparison, Generation X used a bit less (40%). Baby Boomers, however, were the least keen to change their shopping habits (17%).

46. CBD oil online sales stats show those earning $40,000—$75,000 make almost one-third of CBD users.  

(Winsight Grocery Business)

Middle-class CBD consumption is rising, making almost the third of all CBD consumers. During the pandemic, the raw cost of hemp-derived products went down by 79% due to its high demand. Hence, many famous brands (like Charlotte’s Web) reduced the prices of their products to draw new customers.

47. CBD statistics imply that 8.4 million British purchased CBD or were planning to do it amidst the pandemic. 

(Forbes)

42% of Brits were using CBD products for pain management. Half of that number were hoping it would help them deal with insomnia. Similarly, 19% were using it to deal with anxiety. Furthermore, 38% of British CBD users combined CBD with conventional medicines. Either way, CBD sales are increasing.

48. Coronavirus outbreak caused the unit sales of 1-gram cannabis flower packages to drop by 44% in California.

(Marijuana Business Daily)

Many states witnessed a decline in the prices of 1-gram packages. For example, while Washington state had only a 29% decline in sales, California and Nevada had to deal with 44%, i.e., 40% respectively. 

By the way, 3.5-gram cannabis flower packages are the most popular shopping item.

CBD Fun Facts

Here are some fun facts about cannabidiol that you probably didn’t know.

49. 18% of millennials have put their trust in CBD hair and skincare products.

(Linkage)

Millennials absolutely love pampering themselves with CBD! While almost 20% are already using some sort of CBD beauty product, 48% are willing to test CBD on offer.

50. Facts about CBD you didn’t expect: CBD can help treat heroin addiction.

(CNN)

A small study conveyed on heroin abusers (who were using the drug for 13 years on average) confirms CBD has great potential. The group who were given CBD had two and three times fewer cravings compared to the placebo group.

Moreover, CBD reduced their cortisol (aka the stress hormone) levels.

51. Basic facts about CBD oil: the color can vary from clear, almost transparent, to almost black. It can even be different from batch to batch.

(CBDOilUsers)

For example, pure CBD isolate is clear but broad and full-spectrum CBD oils can be golden, brown, and even very dark brown. Apart from the terpenes and other cannabis compounds, the color depends on the type of carrier oil and any additives.

52. Epidiolex is the only CBD oil that is approved by the FDA.

(DEA) (GlobeNewswire)

Epidiolex is nothing else than hemp-derived CBD oil, produced by GW Pharmaceuticals. 

CBD health statistics confirm Epidiolex can be legally prescribed by doctors for treating Lennox-Gastaut syndrome and Dravet syndrome, two severe forms of epilepsy. The medicine is approved for children 2 years and older.

53. Celebrity endorsement is a powerful factor in CBD product sales.

(PR Newswire)

Olivia Wilde, Seth Rogan, Snoop Dogg, Jay Z, Wiz Khalifa, and Willie Nelson aren’t the only celebrities who are in support of the cannabidiol industry. Kourtney Kardashian, John Legend, and Mike Tyson are also firm believers.

By openly admitting to using CBD oil or by becoming entrepreneurs themselves, celebrities are increasing the CBD market’s worth.

54. One of the unbelievable CBD facts and myths — 26% of Americans believe that CBD and marijuana are the same thing.

(Statista)

There are many myths about CBD that people believe in. Consequently, 57% of Americans think that if they use CBD, it will be shown on the drug test. 46% of US citizens think that the government regulates CBD, though CBD is yet to be FDA-approved.

Final Words

The industry is advancing at an astonishingly rapid pace, making it difficult to keep track of all the increases in sales and revenues. CBD facts and the latest statistics really paint a very attractive picture, and you could make the most of it by investing in stocks, shares, or a start-up even.

Interestingly enough, women are present on both sides of the counter. They are very much present as entrepreneurs, and as consumers as well. The industry’s growth is followed by new vacancies, many of which have never existed before. 

The progress made is amazing beyond comparison, and above all, CBD health benefits are proving to be real, so we are looking forward to more mind-blowing CBD statistics in the new decade.

FAQs

List of Sources:

About the Author

Bojana Petkovic

A cannabis enthusiast, fascinated by the plant’s healing powers and the ever-changing world of the marijuana industry, trying to work out what is going on and let you know all the fun details — that’s my mission here. Keeping you high and healthy!

Share