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The Top Most Compelling Reasons to Invest in the CBD Market
- According to Grand View Research, the global CBD market could see a compound annual growth rate of 32.6% to $9.7billion by 2025.
- The firm also projects that the global CBD skincare segment of the market could grow at a CAGR of 33% to $1.7 billion by 2025.
The CBD boom is here, and it’s thriving especially as major retailers just on board. Already, Neiman Marcus, Sephora, Vitamin Shoppe, Kroger, Barney’s DSW, CVS, American Eagle, and Walgreen’s are selling CBD products. Even Shopify is now offering features for U.S. retailers of hemp and CBD, expanding its North American reach. On top of that, support for cannabis legalization is exploding. For example, a Gallup survey found that 66% of Americans are in favor of legalization. That’s up from just 60% in 2016. In addition, according to Grand View Research, the global CBD market could see a compound annual growth rate of 32.6% to $9.7billion by 2025. The firm also projects that the global CBD skincare segment of the market could grow at a CAGR of 33% to $1.7 billion by 2025.
Read More: https://www.baystreet.ca/stockstowatch/6528/The-Top-Most-Compelling-Reasons-to-Invest-in-the-CBD-Market