News Formal

CBD Market Could Reach $20 Billion By 2024, Says New Study

  • 📰 Forbes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A new study says the CBD market could reach $20 billion by 2024

made by New York-based investment bank Cowen & Co, which estimated that the market could pull in $15 billion by 2025.

The new forecast takes into account products sold through licensed dispensaries, pharmaceuticals and in general market retail, which includes cafes, smoke shops, grocery stores and pharmacies. However, BDS Analytics predicts that the majority of CBD product sales will soon occur in general retail stores instead of cannabis dispensaries.

66 percent of hemp-derived CBD consumers in the U.S. agree with full federal legalization of cannabis, with 90 percent believing that marijuana has medical benefits; and

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Analuka Family is about to have a nice Run for the next 400 years

This is great.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

An entire industry is being built around CBD, but we really don’t know that much about itScientists are still unsure of exactly what the benefits — and potential dangers — of CBD are. I know people who have good results
Source: MarketWatch - 🏆 3. / 97 Read more »