From CBD-infused drinks to CBD-laced dog treats, hemp-derived CBD is fast-emerging as a multibillion dollar business opportunity. The North American cannabis market constituted 42.50% of global CBD market share in 2018. The global CBD market is forecasted to growfrom $1,453.81 million in 2018 to $17,345.80 million by 2026; growing at a CAGR of 36.3% between 2019 and 2026. Numerous scientific studies have successfully demonstrated the way in which the ECS reacts when a dose of cannabinoids like CBD is administered.
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