Pune, India, Feb. 08, 2021 (GLOBE NEWSWIRE) — Global CBD (Cannabidiol) Market Overview:
The growing research and development and financial support for cannabinoid research, the incidence of chronic diseases and related complications, and the legalization of CBD in different regions by various private and government organizations are expected to affect the global demand cannabidiol (CBD) positively.
Global CBD Market is expected to register a huge CAGR of 125.58% during the forecast period and reach astronomical revenue of 2,207.16 million by 2026, as reported by MRFR. However, to curb the global CBD industry’s development, adverse effects associated with cannabis and strict government policies are expected.
The growing research and development and financial support for cannabinoid research, the incidence of chronic diseases and related complications, and the legalization of CBD in different regions by various private and government organizations are expected to affect the global demand cannabidiol (CBD) positively. Cannabis oil has become the new consumer trend due to the number of social media influencers endorsing the advantages of cannabis, awareness campaigns from industry participants, and application areas. Plant-based medicine has experienced significant growth in recent years. The need for minimally formulated and chemical-free drugs has also opened up a lucrative opportunity to increase the market being examined. Thus,
COVID-19 Analysis:
As the COVID-19 spread has ramped up, several stores are closing down. Among some of the largest CBD firms, the industry
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