Cannabidiol (CBD), sourced through hemp, a variety of Cannabis sativa, is being integrated into numerous mainstream consumer wellness products around the world. According to a new report by CannabisNewsWire, the global cannabis market is expected to quadruple to over $63 billion by 2024 with the CBD oil market to grow at CAGR of 39.19 percent through 2021. Consumer demand for the potential therapeutic benefits of hemp extract has spurred the creation of a variety of products, ranging from oils and edibles to pet products and infused beverages. Also according to the report, diversified, sales-driven companies are expected to outpace standard growth curve.
Cannabidiol Goes Mainstream
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