Cannabidiol (CBD) is rapidly being integrated into myriad mainstream consumer wellness products around the globe.
According to a new report by CannabisNewsWire:
- Global cannabis market expected to quadruple to over $63 billion by 2024
- CBD oil market to grow at CAGR of 39.19 percent through 2021
- CBD products exploding into a wide variety of product lines
- Diversified, sales-driven companies expected to outpace standard growth curve
Hemp, a variety of Cannabis sativa and a primary source of CBD, has been used by humans for more than 10,000 years in food, textiles and medicine. The world is again recognizing the therapeutic benefits of hemp extracts, and consumers are embracing cannabis-based products at a breakneck pace. Consumer demand has triggered an explosion of product innovations that range from oils and edibles to pet products and infused beverages.