CBD Oil Market Size Estimation, Growth Insights, Share Analysis, Industry, Overview By 2027
Ashapatil555022 Feb, 2023Business
Global CBD oil market has been segmented based on type, and application. Based on type, the market has been divided into hemp-derived and marijuana-derived types. The Hemp-derived CBD oil type is holding the major share of the overall CBD oil market. It has been estimated that the hemp-derived segment is growing at the highest CAGR to reach USD 2,092.97 Million by the end of 2024. Most of the legal CBD-based products in the market are hemp-based. According to the 2018 Farm Bill, companies can legally grow, manufacture, possess, and sell hemp-derived CBD products.
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