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.
Last year, luxury edibles brand Lord Jones announced a partnership with the boutique hotel group Standard International to open a dispensary retail shop in the lobby of the Standard Hollywood hotel in Los Angeles.
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.
