CBD brands suffered plunging sales in 2020 | Natural Products INSIDER
CBD brands faced financial headwinds in 2020 2020 was a brutal year for many CBD brands, based on their financial results, yet sales in the broader category continued to grow. A hemp-based CBD industry that was once searing hot hit the skids in 2020 amid cutthroat competition, regulatory uncertainty and a global pandemic that disrupted retail operations. The financial results of many public companies selling CBD were dismal, especially when contrasted with several years of heady growth. “2020 proved to be a very challenging year for the company and our industry, predominantly due to...