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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Analyst Corner—AI: An Overutilized Phrase; an Underutilized Solution, with Manik BhatiaMay 2023 China Retail Sales: Growth Eases, Breaking Upward MomentumWeekly US and UK Store Openings and Closures Tracker 2023, Week 12: US Closures Up by One-Quarter Year over YearNovember 2023 Monthly Consumer Update: US, UK and China