November 25, 2020 from Strain Insider
The cannabidiol (CBD) industry is booming. The global CBD market was valued at $395.2 million (approx €334 million) in 2019, and, before the Coronavirus pandemic, analysts predicted that the CBD market will reach a value of $3.4 billion (approx €2.87 billion) by 2027. But what does science have to say about CBD oil?
Most experts believe that the COVID-19 pandemic didn’t affect the CBD market in a significant way. Even though the production of CBD slowed down during the lockdown when many manufacturers worked with only 50 percent of their employees, and the supply chain came close to a stall, experts believe that the industry will bounce back in the long run because CBD products are in high demand.
