Pet CBD turned out to be more than a passing fad. Consumers spent $426 million on pet CBD in 2020 and are expected to reach $629 million in sales by the end of 2021 according to a new report by Brightfield Group, a cannabis and CBD research marketing company.
Dozens of prominent CBD brands have developed pet products in the last year, making it more accessible than ever before, but who is buying these products, and are they backed by veterinarians?
Turns out that of consumers that purchase pet CBd products, 73% of consumers use CBD themselves and millennials make up more than half of all pet CBD purchasers. Although veterinarians cannot bring up the topic of pet CBD due to regulations, vets enthusiastically express what CBD has done for other pets anecdotally when asked about it.
By Tim Wall
In 2020, pandemic driven demand alternative pet market, reducing owner preparation and diligence as people scramble to buy what puppies they could, without investigating the source, or even seeing the young dog.
By Debbie Phillips-Donaldson
Issues with pet food transportation have contributed to higher costs in supply chain disruptions.