Lack of Concentration in CBD Market
- Market leader in CBD space is Charlotte’s Web Holding with $40m in revenue
- Brightfield Group Estimates that CBD Market Size was $591m in 2018
Market Leader Charlotte’s Web Only Represents 6.7% of CBD marketplace; prime opportunity for consolidation.
HBS considersthe first stage of consolidation generally begins with a single start-up or with a monopoly emerging from a newly deregulated or privatized industry. The nascent CBD industry falls within this classification