Deep Dive 11 minutes PremiumCan CBD Save the Mall? Coresight Research September 26, 2019 Executive SummaryCannabidiol (CBD) has seen surging popularity in what is a new product category. Brands and companies are jumping on the opportunity by launching new products containing CBD, selling extracts, capsules and even raw plant. But can CBD save the mall? Hemp-derived CBD sales in the US are expected to reach $646 million in 2022, according to New Frontier Data. With increased venture capital support, CBD startups are expanding and actively looking for channels to generate revenue: We expect more brands and retailers to add CBD formulations, which will drive consumer interest and foot traffic. Consumers remain interested in physical retail for browsing and researching products. Physical stores are a point of discovery for emerging brands, and new products such as CBD are effective in drawing in customers. Surveys suggest that consumers prefer to buy CBD in store, and producers are partnering with retailers and REITs to expand distribution channels. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Immersive Experiences in Retail: Driving Sales Through Enhanced Shopper EngagementIndoor Activities Up: China Consumer TrackerFebruary 2024 US Retail Sales: Growth Accelerates—Electronics Stores Rebound; Nonstore Retailers See Strong GrowthGenerative AI Latest: The Copilots Are Now Flying the Plane