January 1, 2020 was an historic day in Illinois. On that day, recreational marijuana became officially legal.
With dispensaries being created all throughout the state, recreational weed is set to become big business and be immediately popular among many people.
CBD, having been legal for some time now, stands to benefit from this legalization of marijuana.
Although it has been steadily rising in popularity over the years because of its various health benefits without giving you the “high” that marijuana does, CBD figures to keep trending upward in terms of awareness, growth and usage in 2020 and beyond.
Increased growth rate
One of the most evident trends continuing into the new year is the explosive growth rate that CBD has been seeing. Sales are increasing at high volumes, especially in legalized markets. With marijuana now legal in Illinois, this growth trend is likely continue, with CBD commodities rising to become a billion-dollar industry.
Additional sales channels
Typically, the main sales channels for CBD are specialty and natural health retailers like Your CBD Store of Morris. But with the explosive growth and market expansion, it is likely that big retailers will begin to offer lines of CBD products. This will create more market diversity, but until standardization and quality control at other retailers become efficient, your best option for getting quality CBD products with professional consultation will remain only at specialty stores, like Your CBD Store of Morris.
Larger customer base
Considering the increase in growth and more sales channels becoming available, it stands to reason the customer base for CBD products will only grow as well. Given the outlets for products and the elevation in sales predicted to stem from the legalization of marijuana, CBD is growing out of the small niche market and into mainstream consumer goods.
With the various ways to administer CBD and its helpful benefits for your health, CBD is now utilized by people of all ages – with awareness, research and new products set to keep increasing in 2020 and beyond.
If you want to learn more about the benefits of CBD and how it may help you or a family member, visit your CBD store – Morris’ first and only dedicated CBD store.
Your CBD Store of Morris
811 Liberty St
Morris, IL 60450