Consumers Look for Therapeutic Alternatives During Stressful Times
PYXUS INTL INC (PYX)
Company Research
Source: PR Newswire
NEW YORK, May 12, 2020 /PRNewswire/ -- The legal cannabis industry continues to grow around the world thanks to continuous legislative achievements in North America and Europe. Specifically, legalization of medical cannabis and its decriminalization in some countries has led to a noteworthy decrease in black-market activity, as people are shifting to legally purchasing cannabis for their medical as well as recreational use. Cannabidiol-based (CBD) products have also swiftly emerged and with their growing popularity, CBD is largely credited to various medical applications that are associated with these products. For example, full-spectrum CBD oil is considered to be a great source of Omega 3 and Omega 6; Omega 3 plays a vital role in creating hormones that regulate inflammation as well as contractions and relaxation of arteries. Overall, data by Grand View Research indicates that the medical segment held the dominant revenue share of the cannabis market, accounting for 71.0% in 2019. H
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