Cannabidiol Sales Are Predicted To Mushroom Rapidly While Newest CBD, CBG, CBD Products Hit the Market

- Financialnewsmedia.com News Commentary

PALM BEACH, Fl., Aug. 18, 2020 /PRNewswire/ -- The legalized cannabis market is rapidly growing as one country after another acknowledges and approves its use for medicinal and wellness purposes. In numerous countries, starting with the U.S. and Canada, cannabis is being legalized for medical, recreational, and research uses. Following them, the U.K., Japan, Norway, Thailand, South Korea, Spain, Mexico, South Africa, and Brazil have also given the stamp of approval on the cultivation of marijuana and hemp, extraction of cannabidiol and usage of the chemical in various end products. A recent report from ResearchAndMarkets spoke about the growing global acceptance, saying: "As a result, the global CBD oil market revenue is predicted to rise at a 24.3% CAGR between 2020 and 2025, from $1,735.1 million in 2019. This is being further supported by the promotion of the chemical as having numerous wellness advantages, by companies, which is helping increase the demand for it among the masses, primarily recreational users. Moreover, as cannabidiol has been claimed to treat depression, movement disorders, anxiety, and pain, its usage among people suffering from these issues is also rising… In the years to come, the popularity of… cannabidiol is predicted to mushroom rapidly…"  Mentioned in today's commentary include Rapid Therapeutic Science Laboratories, Inc. (OTCPK: RTSL), GrowGeneration Corp. (NASDAQ: GRWG), Sundial Growers Inc. (NASDAQ: SNDL), Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF), Tilray, Inc. (NASDAQ: TLRY),

The report also found that many companies are engaging in collaborations and mergers and acquisitions to strengthen their hold on the market. It said: "Mergers and acquisitions are being initiated by the market players to strengthen their presence in the industry, as such moves allow them the opportunity to: Use the acquired companies' portfolio to expand their geographical reach; Utilize additional revenue streams; Enter new markets with cannabidiol-containing products; Advance their research and development (R&D) activities; and Expand their product portfolio for core markets."