The cannabis market has grown substantially this year, due to more and more countries exploring opportunities within the industry. Canada’s legalization of cannabis was a major milestone for the market. Due to the major growth, cannabis players have introduced new and innovative products into the market. Specifically, cannabinoid (CBD) products have become popular due to their variability between recreational and medical uses. Primarily within the CBD segment, CBD-based oils are highly popular as well. According to data compiled by Transparency Market Research, the global CBD hemp oil market is projected to grow from USD 950 Million in 2017 to USD 2.5 Billion by 2026. The market is also expected to grow at a CAGR of 11%. The CBD market attributes most of its growth to the medical market as many countries and healthcare companies are adopting CBD oils to treat medical conditions such as chronic diseases, sleep disorder and depression among patients. The Yield Growth Corp. (CSE: BOSS), Pyxus International, Inc. (NYSE: PYX ), Neptune Wellness Solutions Inc. (NASDAQ: NEPT ), Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE ), Medmen Enterprises Inc. (OTC: MMNFF ) Although CBD oil is being heavily used within the medical market, there is still demand outside […]
