One of the most talked-about topics in the world of cannabis is CBD and this trend has been going on for several years now. But it wasn't until the end of 2018 that things really started to pick up for CBD, especially in Canada where recreational cannabis became 100% legal on a federal level. Before […]

How Cannabis Legalization Helped CBD Hit the Mainstream Market in CanadaThe post How Cannabis Legalization Helped CBD Hit the Mainstream Market in Canada appeared first on Leafbuyer.

On April 20, Canopy rolled out their first line of CBD topicals in the US under its brand First & Free. On March 16, Tweed, another one of Canopy’s brands, began to ship its first cannabis-infused beverage product throughout Canada. In late January, it launched its line-up of vape devices, supplied by ALD Group Limited, a top one-stop vape solution provider who also serves the U.S. top 1st THC pod vape brand-STIIIZY, as well as dozens of nicotine vaping brands and tobacco giants, such as British American Tobacco, R.J. Reynolds Tobacco and ITC Limited. Clearly, the cooperation with ALD is correct and successful. So far, the total sale of Canopy’s vape batteries has taken up to 70% market share in Canada.

The passing of the 2018 Farm Bill gave CBD exactly what it needed to soar. As a result, the CBD industry in 2019 has already experienced exponential growth. Data suggests the trend will continue in the years to come, with the CEO of ArcView Group, Tony Dayton, predicting that CBD product sales will climb to $20 billion by 2024. For CBD brands and businesses, both established and emerging, this can only mean one thing… heightened competition and less opportunity to control market share.

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