According to the Global Market Insights, Inc, the CBD market is estimated to have a value of $89 billion by 2026. The exponential growth is a result of the increasing acceptance of CBD use in a range of countries, including the US.
CBD products are now available in the form of oils, tinctures, isolates, vape oils, capsules, creams, and roll-ons. Industries like food and beverage and cosmetics are tapping into the market to take advantage of the growing CBD market.
The pharmaceutical industry was the first to tap into the market when it started producing CBD-based pain killers for cancer patients. Now with more countries legalizing CBD use, the industry is bound to even more growth. Here are more reasons the CBD market is growing in the USA: