ssumes the following category contributions: Figure 3 We Believe CBD Can Be a $16 BN Revenue Opportunity in the U.S. by 2025 NUTRACEUTICALS $6,400 TOPICALS $4,000 S16BN CBD REVENUE OPPORTUNITY Se BEAUTY $1,120 BEVERAGES $2,400 Note: $ in mm unless otherwise stated. Source: Cowen and Company COWEN.