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NEW YORK, May 27, 2021 /PRNewswire/
The global legal cannabis market by product (medical and recreational) and geography (APAC, Europe, MEA, North America, and South America) has been added to Technavio s offering. The global legal cannabis market is expected to grow by USD 27.89 billion, at a CAGR of almost 21% during 2020-2024.
Technavio has announced its latest market research report titled Legal Cannabis Market by Product and Geography - Forecast and Analysis 2020-2024
The spread of the COVID-19 pandemic reduced the demand for legal cannabis in 2020. The rising number of active COVID-19 cases led to a temporary shutdown of businesses, which disrupted the supply chain of cannabis. However, with progressive government measures, the number of COVID-19 cases is reducing in several countries. This will help revive the market growth during the forecast period.
$ 27 89 Bn growth expected in Legal Cannabis Market | 14 11% YOY growth in 2020 amid COVID-19 Spread | North America to Notice Maximum Growth prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ The "Global CBD Oil Market 2021-2025" report has been added to ResearchAndMarkets.com s offering. Global CBD oil Market 2021-2025 The publisher.
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ResearchAndMarkets.com s offering.
Amid the COVID-19 crisis, the global market for CBD Nutraceuticals estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$16.4 Billion by 2027, growing at a CAGR of 17.7% over the analysis period 2020-2027.
CBD Tinctures, one of the segments analyzed in the report, is projected to record a 16.1% CAGR and reach US$5.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Capsules & Softgels segment is readjusted to a revised 19.7% CAGR for the next 7-year period.