Worldwide CBD product sales could develop at a compound rate that is annual of% through 2022.
In the minute, there's virtually no industry hotter than marijuana. This current year alone, international sales of legal cannabis are anticipated to rocket higher by 38% to $16.9 billion, with legalized countries seeing greater customer need, and a stable blast of new areas waving the green banner on weed.
But cannabis it self is an industry that is broad-based and you'll find so many subcategories and niches which could grow at a straight quicker pace compared to the general industry within the next five to ten years. An example could be the cannabidiol (CBD) items industry.
Vials of cannabidiol oil. Image supply: Getty Graphics.
The CBD trend takes shape
CBD could be the cannabinoid that is nonpsychoactivei.e., it won't get you high) that is most widely known because of its identified medical benefits.