Billion Dollar Cannabidiol Infused Products Market Growing Usage Continues to Skyrocket
Aphria Inc. (APHA)
Last aphria inc. earnings: 4/14 09:00 pm
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Source: PR Newswire
PALM BEACH, Fla., Aug. 4, 2020 /PRNewswire/ -- The cannabis infused products market is expected to gain market growth in the forecast period of 2020 to 2027. A recent report from industry insider Date Bridge market Research also says that the CBD Oil Extract Market is expected to reach $25.57 billion by 2027 growing at a CAGR of 21.0% in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to witness the growth at an annual pace of 22.0% in the above-mentioned forecast period. It said: "The growing awareness about the well-being and mental health benefits is driving the market scope of cannabis infused products. Cannabis infused products market is growing with the successive application of marijuana or hemp in the manufacturing of products for daily purposes like, skincare, cosmetics, haircare, intimate lubricants, pharmaceuticals, gummies, and pills, infused beverages and others. The crosswise adoption of these products is helping the market to grow. T
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