June 02, 2021 06:00 ET Source: Graphical Research
“…Cannabidiol (CBD) offers a wide variety of therapeutic benefits to the user and is non-toxic in nature as well. Several governments across the world have now made the use of CBD legal in their countries because of its many uses that can help in the creation of new drugs, leading to medical advancements.
Some of the trends that will encourage the growth of global CBD market up to 2027 are listed below:
Cannabidiol oil will witness hike in demand in North America:
North America cannabidiol market is expected to surpass $61.2 billion in size by 2027. Based on product, this market is divided into oil, tinctures, transdermal patches, suppository, tablets, capsules, vape oil, isolates, creams, roll-ons, and many others. Out of these, the CBD oil segment is projected to grow rapidly during the forecast period of 2021-2027…”