Retail Therapy: CBD-infused products land in Texas, and Swappa wants to sell your electronics – Dallas News

„The product is selling great in just about every market now,” Price said. „The early adopters were drug stores, spas and health food stores. But now we’re selling it to hospital gift shops, apparel and home boutiques.”

It’s doing well in small towns and suburban markets, he said.

Last year, the market was estimated at about $1 billion, and CBD-infused products weren’t legal everywhere, said Tyson Shields, co-founder of Houston-based Medella Sciences LLC, which makes Cannaba RX products.

Cannaba RX started selling last June to fewer than 50 stores in Kansas and Oklahoma, and now it’s in more than 300 stores. There’s a learning curve, Shields said. The company has one independent pharmacy that now places orders for over 1,000 items a month.

A widely quoted statistic from BDS Analytics, a Boulder, Colo.-based research firm tracking the cannabis market, estimates that the size of the CBD business will hit $20 billion in the U.S. by 2024.

(Greek yogurt, a $7.4 billion global market in 2018, is only expected to grow to $12.3 billion by 2024, according to

A safer bet? 

As Americans are in the mood to declutter lately, people are monetizing all their stuff — and some of it is junk. 

The resale market is going gangbusters on Facebook, and mature marketplaces such as eBay and Craigslist have new competition from Letgo, Offerup and others. A self-funded startup thinks it has a better way to deal with one specific expensive category: consumer electronics.

Ben Edwards is bringing Swappa Local to Dallas. He founded the Kansas City-based online marketplace in 2010 after he was sold a stolen smartphone.

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