Cannabis Oil Market Growth Analysis By Size, Share, News, Demand, OpportunityPosted by On

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Cannabis Oil Market Growth Analysis By Size, Share, News, Demand, Opportunity

Sep 28, 2020 (AmericaNewsHour) —

Global Cannabis Oil Industry was valued at approximately USD 149 million in 2018 and is expected to generate around USD 2,471 million by 2025, at a CAGR of around 11.9% between 2018 and 2025. Cannabis-based products are gaining popularity for their medical benefits. Cannabis oil majorly contains two components: cannabidiol (CBD) and tetrahydrocannabinol (THC). Both components have high therapeutic potencies and are widely used for medicinal purposes. In 2018, the World Health Organization (WHO) revealed that cannabidiol helps in treating symptoms related to Parkinson’s disease, Alzheimer’s, multiple sclerosis, anxiety, pain, depression, diabetic complications, and cancer. The cannabis tetrahydrocannabinol (THC) features the key psychoactive substance.

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