3 Hemp Segments Blooming in 2021

By Melissa Vonder Haar

Originally ran in CSP Daily News, March 2021

Like most things in 2020, the sale of CBD products was shaken up by the pandemic. According to data from Management Science Associates (MSA), convenience store sales of hemp/CBD products remained strong in the first several months of the pandemic, but slowed in the latter half of 2020 as economic concerns took hold.

"It appears consumers had to cut discretionary expenditures and CBD seems to be an item that was cut," Don Burke, senior vice president of the Pittsburgh-based data company told CSP Daily News. He added, however, that the industry is beginning to see a rebound.

Part of the rebound and continued growth of convenience CBD sales will come from new product innovations and categories. Here's a look at three segments of the relatively new category currently garnering consumer interest...and how they're specifically performing within the convenience channel.

Read the full article.