Research was recently conducted and published on April 20th, 2020 by market analysts to predict the future for CBD markets as well as analyze current trends. The report predicts the CBD Oil Market to experience a growth rate of about 32% over the next 7 years. This is due to the fact that CBD is increasingly being used as a medical remedy.
Even during the Covid-19 pandemic the CBD industry has continued to see growth which can be attributed to a variety of reasons including increased use of CBD for care of personal disorders and “progressing legalization in the farming of industrialized hemp”. The growth of the CBD market will be especially prominent in North America because of the advancement of legalization in many states within the U.S.
All of these factors indicate success for the future of the CBD industry as a whole which is due to amounting support for products from users. It is very promising that the future of the CBD market will not be negatively affected by the current pandemic because many other industries are suffering from the lack of business right now.
The information mentioned in this article was retrieved from https://www.globenewswire.com/news-release/2020/04/20/2018808/0/en/CBD-Oil-Market-Size-2020-Industry-Share-Growth-Trends-Revenue-Analysis-Top-Leaders-Dr-Hemp-Me-Green-Roads-Royal-CBD-CBD-Oil-Europe-King-CBD-Says-DBMR-Analyst.html