2020 Industry Predictions – How Nature’s Script Will Lead the Way

No one could have predicted how big the CBD industry would become when the Hemp-derived compound hit the market in 2015. Fast forward five short years later, and you can buy products ranging from edibles and drinks to activewear and toothpicks that contain the non-psychoactive cannabinoid. While the benefits of CBD have yet to be confirmed, analytics from Cowen & Co. show that 7% of American adults currently use CBD for discomforts such as anxiety, pain, sleep troubles and stress. Even without the certainty of its effectiveness, Americans continue turning to this plant-derived alternative for comfort – and finding positive results.
As we head into 2020, many questions still surround the CBD industry. Rod Kight, an award-winning Cannabis attorney and recurring guest on our CBD University podcast, outlined his five CBD market projections in his blog, “Top 5 Cannabis Predictions for 2020.” A few of his points stood out to us, including CBD’s continued popularity, incoming FDA guidelines for the industry and how consumers will be able to put their trust into reliable CBD companies.
Read our four biggest predictions for the CBD industry in the upcoming year and how Nature’s Script will lead the way.
You probably think CBD already is everywhere, considering the “CBD Sold Here” signs along your morning commute and those refreshing CBD smoothies sold at your local nutrition shop. If you didn’t think the CBD industry could get any bigger, you’re respectfully right and wrong.
On Nov. 1, 2019, Forbes published an article using data from cannabisMD to show how prominent CBD had become. When compared to popularly searched terms on the Internet, CBD outranked nearly everything, including Jesus, Kanye West, the NBA, voting and more. CBD has dominated search volume across the web over the past two years, along with social media platforms Facebook, Instagram and Twitter.
We’re at a point in the CBD market’s lifespan where supply exceeds the demand. While there are plenty of players within the industry, only a few will assert themselves as more dependable than the majority of other CBD companies.
With an eye toward the future, Nature’s Script has positioned ourselves to emerge as a premier CBD manufacturer and supplier – not just another CBD company. You can find Nature’s Script products in over 25,000 convenience stores nationwide, and we don’t plan on stopping there. In 2020, we want our premium CBD products to be even more accessible to you.
At Nature’s Script, we are eagerly awaiting the FDA’s updates regarding the production and sale of CBD because we feel prepared. We have integrated essential compliance and regulation standards into our manufacturing processes, as well as adherence to state regulations. We use standard operating procedures (SOPs) for packaging, labeling, storage, production and in-house testing. While we await changes from the FDA, our facility, equipment and team of experienced individuals allow us to produce quality CBD products that meet the standards of similar consumer goods in the market.
Nature’s Script CBD Industry Wrap-Up
Since the CBD industry is so unique as compared to any other, it’s almost impossible to predict where it will go. As long as consumers continue to seek out a natural alternative for comfort and relaxation, the potential for CBD is endless.
Nature’s Script will strive to maintain our current SOPs, cGMPs and other compliance efforts to meet both state and federal legislation. We will also continue to keep your needs in mind by formulating new CBD products that suit your lifestyle goals. Nature’s Scripts wants you to start and end 2020 with a CBD company you can trust.