Lifestyle

Medical Marijuana and Hemp Oil Biggest Players in CBD Oil Industry

Medical Marijuana and Hemp Oil Biggest Players in CBD Oil Industry

The CBD oil market has been gaining a lot of attention over the past couple of years, and as a result, has exploded in popularity and demand. This is largely thanks to the increased research efforts put forward by both independent organizations and healthcare professionals.

How Much is the CBD Oil Industry Worth?

How Much is the CBD Oil Industry Worth?

CBD has seen a marked increase in popularity not only in America but around the world over the past couple of years. In fact, there is a lot of evidence online that suggests that it is still growing and set to explode over the next few years.

CBD Market Predicted to Grow 125.5% by 2026

CBD Market Predicted to Grow 125.5% by 2026

The CBD market around the world had a value of USD 3 billion in 2018, and it is expected to grow at a rate of USD 22 million by 2026, with a growth of 125.5% between 2019 and 2026. America was the biggest CBD market, controlling 78% of it, closely followed by Europe.