A lot of market research has been conducted this year about the CBD industry and the changes occurring in the market. This is especially because of the Coronavirus pandemic which has caused so many CBD companies to have to exit the market and close their businesses. However, despite these difficulties, the CBD market is busier than ever and full of many companies. It is approximated that the top 20 CBD companies hold 17% of the market and over 3,000 other companies make up the remaining 77% of the market.
Even with the challenges arising from the pandemic, the CBD industry has been able to continue to succeed during this unprecedented time. CBD has still been a popular solution for customers who rely on it and companies have found ways to continue to provide products on the market.
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