Demand is Growing for CBN — The Sleepy Cannabinoid
A less-celebrated cannabinoid known as cannabinol, or CBN, is edging into the spotlight, according to sales data from four states with legal cannabis. It’s increased popularity is due to its effectiveness as a sleep aid . For Hemp Industry Daily , Andrew Long reports that sales of products containing CBN grew from $5 million in the second quarter of 2020 to $23 million a year later, in the second quarter of 2021. Total sales were more than $65 million. The new statistics are based on data from adult-use retailers in California, Colorado, Nevada and Oregon, provided by analytics firm Headset and cannabinoid supplier FloraWorks. In those states, revenue from CBN has at least doubled over the last year — in some places growing by a factor of 10 or more. In California, the largest of the four markets, CBN product sales grew from $7.3 million in the third quarter of 2020 to $16.1 million in the second quarter of 2021. The number of products on the market also made an impressive leap....