Cannabinoid Industry Statistics

The cannabinoid industry is projected to experience significant growth in the coming years, driven by increasing legalization of cannabis products and expanding consumer demand for cannabinoid-infused products.

Statistic 1

"The global cannabinoids market is projected to exhibit a CAGR of 26.3% from 2021-2028."

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Statistic 2

"The American market for cannabinoids was valued nearly USD 3.1 billion in 2020."

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Statistic 3

"The global cannabinoid market was valued at $2.32 billion in 2021."

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Statistic 4

"90% of U.S. consumers believe cannabinoids can offer wellness and therapeutic benefits."

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Statistic 5

"The global cannabis-infused edible market alone is predicted to be worth $116.25 billion by 2032."

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Statistic 6

"The global cannabis market is expected to reach USD 90.4 billion by 2026."

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Statistic 7

"By 2025, the medical cannabis global market is projected to reach US$ 36.2 billion."

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Statistic 8

"In 2019, the North American cannabinoid market accounted for the highest revenue and was valued at USD 5.2 billion."

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Statistic 9

"In 2021, the hemp-derived CBD market is estimated to reach nearly $1.8 billion."

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Statistic 10

"By 2027, the cannabidiol (CBD) market size is projected to reach USD 39.99 billion."

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Statistic 11

"85% of research in the cannabinoid market is focused on Epidiolex in the treatment of rare childhood seizures."

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Statistic 12

"The Cannabidiol (CBD) market in the U.S. is estimated to surpass $20 billion by 2024."

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Statistic 13

"Total active hemp licenses in the U.S. increased 455% from 2018 to 2019."

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Statistic 14

"About 9% of CBD users in the U.S. consume it for skincare."

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Statistic 15

"An estimated 64 million Americans have tried CBD in the past 24 months."

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Statistic 16

"33% of pet owners are using CBD products for their pets, according to the U.S. CBD market report."

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Statistic 17

"California is leading the U.S. CBD market with estimated sales worth around $730 million in 2019."

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