The billion-dollar cannabis industry is reaching new heights. While stigma and restrictions still exist, these haven’t slowed the industry’s global growth, and it’s projected at almost $32 billion by 2022. Today’s infographic sponsored by The Green Organic Dutchman explains CBD’s therapeutic benefits and why it’s taking the world by storm.
Sourced from VisualCapitalist.com
It’s clear that CBD’s multiple applications will propel the market forward. Based on one estimate by Cowen & Co., CBD retail sales could shoot up from a baseline of $600 million to $16 billion by 2025. The most growth will be seen in the health and wellness category, like nutraceuticals (worth $6.4B) and topicals (worth $4B).
Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.
Want more such articles? “Follow the munKNEE” on Facebook, on Twitter or via our FREE bi-weekly Market Intelligence Report newsletter (see sample here, sign up in top right hand corner of page).
Get engaged: Have your say regarding the above article in the Comment section at the bottom of the page.
Articles Wanted: Original articles & links to other informative articles that deserve a wider read. Send info to loriewil[at]yahoo[dot]com.