Hotels Tap Into Projected $2.1 Billion CBD Market
Hotels are incorporating CBD into cocktails and menu items as the market is projected to grow to $2.1 billion by 2020.
The partnership plans to launch the Lord Jones line of gumdrops, caramels, chocolates, and chews in the nation's first hotel-based dispensary later this year, as California laws now allow for recreational use by adults. However, the new adult-use California regulations are complex and are taking time to implement. In the meantime, Lord Jones and other cannabis brands are offering CBD-infused treats in upscale hotels in New York City and beyond, offering guests a new way to ease stress and unwind without the psychoactive effects of THC.