Facts

The global CBD oil  market was valued at 4.6 billion in 2018 and is expecting to grow at a compound annual growth weight rate of 22.2% from 2019 to 2025.

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The demand for CBD oil for medical and wellness purposes is high due to healing properties which is the key factor driving the growth of the market.

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Based on the distribution channel, the cannabinoid market is segmented into business to consumer and business to business. The business to consumer segment comprises of hospital pharmacies, retail pharmacies and online stores. The business to consumer segment accounted for the latest revenue share in 2018 and is expected to grow at a lucrative rate over the forecast. 

 

Availability of these products to consumers is one of the key factors driving the growth of both segments.

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AI has created numerous strides in cannabis development; such as, helping in the creation of strains that manage symptoms of autism.