UNITED KINGDOM: Cannabidiol (CBD) is one of the hundreds of cannabinoids found in the Cannabis sativa plant. CBD oil can be derived from two different species of cannabinoids: marijuana and hemp. The Americas dominated the global CBD oil market in 2016, followed by EMEA and APAC.
Hemp-based CBD oil products have a lower delta-9 tetrahydrocannabinol (THC) concentration, whereas marijuana-derived CBD oil products have a relatively high concentration of THC.
Technavio’s report, Global CBD Oil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The firm’s analysts forecast the global CBD oil market to grow at a CAGR of 39.19% during the period 2017-2021.