Investor

THE INDUSTRY

Current estimates predict global CBD sales will hit $40.6 billion by 2024, with the United States accounting for the bulk of the revenue at nearly $30 billion.

The cannabis industry is booming with more and more products entering the market that include products in the beauty, food, beverage, fitness, sports, and wellness industries.

USD$24.4 billion

2021 Global CBD Retail Sales Estimate

$40.6 billion

2024 Global CBD Retail Sales Estimates

“State of the Legal Cannabis Markets” Arcview Market Research and BDS Analytics

MARKET DATA

Forecast Period: 2020 – 2027:

CBD oil market is expected to witness a growth rate of 31.9%

 

CBD Beverages                      16%

 

CBD Capsules                        20%

 

CBD Topicals                          24%

 

CBD Oils & Edibles                40%

 

$24.4B

Global CBD Market Size 2021

 

Sources: Data Bridge Market Research Grand View Research

THE OPPORTUNITY

2020: Depending on External Suppliers

Growth

Manufacturing

 

Sales

Profit Margin

30% – 50%

2021:  Vertical Integration

Growth                        Production Savings                40% – 60%

Manufacturing             Production Savings                40% – 50%

Sales

Profit Margin

60% – 70%