States’ Legal Cannabis Markets See Strong Growth Amid COVID-19 Disruptions
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The Three Waves of Hemp Fiber Production
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- Among all survey respondents who have ever either purchased and consumed CBD, 25% of CBD consumers rarely know which brand is being purchased.
- One-quarter (25%) of CBD consumers report using new brands at least as often as familiar brands.
- Four in 10 (40%) claim that a brand influences their purchasing decisions.
- Four in 10 (40%) prefer to buy from certain brands.
- More than one-third (36%) report seeking specific brands.
- More than one-half (53%) agree that the brands they want are accessible.
- More than four in 10 (42%) claim to prefer purchasing brand name or premium products.
