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August 12, 2018
  • Most hemp-derived, pet-and-animal sales occur via the internet, as traditional mass-market pet retailers are yet to carry the products.
  • In 2017, total hemp-derived, pet-and-animal product sales reached $13 million, with the market expanding quickly as producers aim to distribute through traditional pet-care channels.
  • Pet-and-animal product sales are estimated to reach $125 million by 2022, representing a 5-year CAGR of 57%, among the fastest-growing sectors in the CBD market.
  • While traditional dog or cat products currently predominate, those targeted for equine and other domesticated animals are on the horizon.
  • As pet-and-animal sales have focused on treat supplements and food additives, CBD with anti-anxiety and anti-inflammation properties remain the top-selling segment. 

Last Chance to Lock In this Presale Discount! 
The CBD Report: 2018 Industry Outlook

The CBD Report is the leading authority on market sizes and high-level analysis of business trends on the CBD (cannabidiol) industry.

Hemp Business Journal will soon be publishing The CBD Report: 2018 Industry Outlook By Pre-Ordering you will save 20% off the cover price. Our new report will be a 70+ pages featuring HBJ’s latest primary research, market intelligence, investment analysis, survey results, data charts and insights from industry leaders.

  • 70+ pages of Market Intel, Data & Analysis
  • 20+ new Data Charts never before published
  • CBD product sales in Dispensaries and All Other Retail Channels
  • Market Forces: Analysis, Insights and Forecasting on GW Pharmaceuticals, FDA, DEA
  • State and International Markets
  • Latest Medical Findings and Research
  • Natural and Speciality Market trends and analysis
  • M&A Activity (The “HBJ Dealbook”)
  • Updated Power Rankings (for both Hemp & Marijuana companies)
  • And more!
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You Asked, We Answered
Q. In regards, to the CannaBit on 7/21, showing a drop in flower prices and an increase in spending, what does this mean for overall sales revenue? Are consumers still spending the same amount of money but just getting more? Who is getting the short end of the stick here: Growers, retailers or both? 

A. Depending upon the state market — particularly those without licensing caps — prices for flower have experienced significant declines. In fact, overall prices for raw material inputs (such as trim for oil) in addition to flower have fallen in almost every market. Imbalances between wholesale supply and demand, and a saturation of retail outlets, are contributing factors in pushing prices lower... Read our full answer here
Ask Our Experts is a new weekly interactive feature in the CannaBit.
SUBMIT YOUR QUESTION

J J McCoyTrying to Catch the Crest of the Cannabis Wave This Summer

By J. J. McCoy,
Senior Managing Editor, New Frontier Data
Tracking trends in the burgeoning U.S. cannabis industry can be a dizzyingly ambitious activity. There are now 30 states plus the District of Columbia (D.C.) which have legalized cannabis for medical use, and 9 states plus D.C. which have legalized cannabis for adult-use...              
Read Here
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New Frontier Data Report Featured...
Pot Business Expected to Boom, Lighting Up Pressure on Lawmakers

With marijuana legalization measures expected to pass in 13 more states by 2025, the legal pot market would reach more than $30 billion, according to an industry report released Thursday...

Read the full article here >

How many Coloradans are driving high? New report offers one answer


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California water regulators help target black market marijuana farmers


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(Yet Another) Study: Legal Marijuana Doesn’t Lead To Increased Youth Use


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Following the money from Washington’s marijuana tax


Read the full article here >
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