Cannabidiol (CBD) Growth Momentum Continues to Climb as Latest Products Infiltrate Mainstream Markets

Cannabidiol (CBD) Growth Momentum Continues to Climb as Latest Products Infiltrate Mainstream Markets

Recent data extracted by Technavio estimates the global CBD market will grow at a CAGR of 31% through 2022, continuing the industry's trend as one of the more consistent sectors in the area of growth. As of 2017, the market was valued north of $200 billion with a significant portion of the growth due in large part to increasing adoption among mainstream consumers. Other significant factors influencing the growth include product diversification by industry leaders, as well as a turn of the tide in the realm of regulation and legalization. An extract of Cannabis, CBD has proven its versatility for a wide variety of uses and there is no denying its enormous popularity that has emerged in a short period of time. Active cannabis companies in the markets this week include Integrated Cannabis Company, Inc. (cse:ICAN) ICNAF, -11.53% Valens GroWorks Corp. (cse:VGW), Namaste Technologies Inc. NXTTF, -9.72% (N), Golden Leaf Holdings Ltd. (cse:GLH) GLDFF, -6.14% Centric Health Corporation (CHH)CHHHF, -4.87%

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