CNAB - CBD Companies Look to Switzerland for Foothold in European Market

A report from market intelligence firm Brightfield Group projects the European market for CBD to grow 400 percent over the next few years. Estimated to be worth $318 million in 2018, the industry will exceed $1 billion before 2023. This news has driven CBD companies to establish footholds in key European markets.

While the UK is currently the largest market at $80 million, and Germany is the fastest growing market, the Brightfield report specifically cites progressive attitudes towards CBD in Switzerland as a “key growth driver” for the industry. Currently, Switzerland is “building out and improving ...