CBD and THC are under considerable demand.
According to a survey from the Brightfield Group, up to 40% of consumers plan to use CBD far more frequently because of COVID-19, with 15% planning to use a higher dose, as highlighted by Food Navigator USA.
"There is no question that with much of the country recommending to shelter at home and a pandemic sweeping the globe, anxiety levels are skyrocketing," says Brightfield Group's managing director Bethany Gomez. "Anxiety is the #1 ailment of CBD users - 53% of them report it. Depression and insomnia, which likely to spike over the coming months, are #3 & 4. For those that truly need CBD and are relying on it for their health and wellbeing, consumption is expected to continue or increase."
At the same time, "Rapidly changing consumer attitudes toward hemp-derived CBD-based products continue to drive consumer demand and market growth conservatively expected to reach $24 billion in North America by 2023. But, many retailers and manufacturers are still playing catch-up to that demand, putting in play billions of dollars in sales, according '2019 CBD Market Survey,'" as highlighted by Refrigerated Frozen Food.
THC is seeing big demand, as well. "Cannabis sales are booming," says Politico, "with some states seeing 20 percent spikes in sales as anxious Americans prepare to be hunkered down in their homes potentially for months. Weed sellers are staffing up too, hiring laid-off workers from other industries to meet demand."
Read more at finance.yahoo.com