The cannabidiol (CBD) market is rapidly expanding. As of 2019, tinctures led the way with 44% of the market and topical CBD rode shotgun with 26%. CBD skincare now generates $645 million a year, up from $370 million in 2017. And the compound annual growth rate (CAGR) is projected at 26% from 2020 through 2030.

Source: Topicals: The Fastest Growing Sector of the CBD Industry?