Looking into the CBD market in Canada always brings happiness to many people. The market is thriving, and we are now seeing more and more products on the market. Not to mention that with the help of e-commerce, the sales of CBD products are skyrocketing compared to a couple of years ago.
If you are trying to get into the CBD market, or simply a consumer who is trying to try CBD for the first time or explore different CBD products, knowing the current state of the whole CBD landscape may help you. Helping you understand the industry and a bunch of new CBD products better.
There are now more CBD stores than ever
As always with any thriving market, the more lucrative a business is, the more people will want to get in. The same thing happens with the CBD industry, now that the industry is growing, we are now seeing more CBD stores opening. Every year, there are hundreds of new stores opening all over Canada. The growth is immense if we take a look at the comparison between 2022 and 2018. The number is even more surprising in big cities such as Quebec, Ontario, and Alberta.
And we will even have more stores if we are counting online stores. There are many CBD online stores that don’t even have a physical store. They operate purely online and handle hundreds if not thousands of customers every week. These online stores provide an alternative that is seemingly to be very attractive to many customers in Canada.
More types of products are available
It feels like it was only yesterday when people were freaking out about edibles, especially CBD brownies. But now, we have a lot more CBD products that you may have never heard of before. People are now even experimenting with their own types of edibles and beverages. There are dozens of customized recipes that use CBD as the main ingredient.
Think of CBD bath bombs. Who has thought that Canadians are going to have access to CBD bath bombs, let alone regularly using them? As you may already know, bath bombs are a popular product that people use to relax at home. So it does make sense that bath bombs exist, Buzzfeed explains them well. There are also CBD lotions and creams that people use topically to treat some ailments. This method of CBD usage isn’t new, but most people aren’t even aware of it.
What this also means is that both consumers and manufacturers are encouraged to explore new possibilities when it comes to CBD. Who knows, perhaps in the future, you can find the best CBD product for you that has never existed today.
Online shopping is king
Now let’s talk about online shopping. Online shopping and CBD are truly made for each other. Both consumers and manufacturers are benefitted from the presence of online shopping. I mentioned before that we now have a lot more CBD stores in Canada, but still, not everyone has access to a nearby store. This kind of problem is no longer a factor for CBD oil any more thanks to online shopping. Furthermore, many online shoppers have fallen in love with other benefits of online shopping, such as discounts, cheaper prices, free delivery, and some other perks. It’s safe to say that online shopping will always be the best way for people to get their CBD.
On the other hand, manufacturers can easily reach their consumers through online channels. Even smaller businesses can flourish thanks to online shopping. No one is truly limited by physical location anymore. So, even a small business can grow to be bigger if it can take advantage of the online landscape.
People should be more careful at choosing a product
That said, the state of the CBD market in Canada isn’t always positive. Now that we have a lot more products and stores in Canada, the number of low-quality products has been increasing as well. Consumers have to be more careful when choosing a CBD product. Otherwise, they could fall for a product that is not only not worth the money, but also can be harmful to them.
Conclusion
The CBD market in Canada is obviously thriving. And judging from what we are seeing today, I think the whole CBD industry is going to keep growing for many years to come. Not to mention all the ongoing research and development in the industry today. The future of the industry is looking rather promising.
