From $1,735.1 million in 2019, the global CBD oil market value is predicted to increase at a CAGR of 24.3% from 2020 to 2025. The key reasons behind the growth of the industry are the legal approval been given to the compound for medical, recreational, and research purposes and the promotion of cannabiodiol-containing products by companies as having wellness advantages. cannabiodiol is a non-psychoactive chemical or cannabinoid, extracted from the cannabis (marijuana) plant.

From $1,735.1 million in 2019, the global CBD oil market value is predicted to increase at a CAGR of 24.3% from 2020 to 2025. The key reasons behind the growth of the industry are the legal approval been given to the compound for medical, recreational, and research purposes and the promotion of cannabiodiol-containing products by companies as having wellness advantages. cannabiodiol is a non-psychoactive chemical or cannabinoid, extracted from the cannabis (marijuana) plant.