Infused owner Paul Talbot works in his shop on Oct. 10. Infused CBD is a new retail store that opened on 9th Street in Boulder. (Cliff Grassmick, Staff Photographer)
Cannabidiol (CBD) isn’t just relegated to pot shops anymore.
The growing popularity of CBD as a herbal extract with much-touted health benefits is helping the product move out of dispensaries and into “general sales channels” across the United States. For evidence, just look at Boulder.
Paul Talbot, a digital marketing professional with expertise in holistic wellness, used CBD to help find relief from pain and anxiety. He began exploring the CBD market and in February, he launched an online marketplace. Earlier this month, he opened a boutique store in downtown Boulder called Infused, A CBD Marketplace.
Infused is about helping people find what fits their lifestyle, Talbot said. But it’s also about educating consumers.
“I want to provide a professional space to buy CBD products consumers can trust,” Talbot said.
Talbot isn’t the only one exploring the space, though. Analysts from Arcview Market Research and BDS Analytics said that in 2018, 65% of the $1.9 billion spent on CBD products across the nation took place through licensed dispensary channels in states with legal cannabis programs. But by 2024, analysts believe CBD sales in general retail will grow to $12.6 billion, more than double dispensary CBD sales, the report states.
Read more on The Daily Camera.