Cannabidiol is a chemical in the Cannabis sativa plant. Over 80 chemicals, known as cannabinoids, have been identified in the Cannabis sativa plant. While delta-9-tetrahydrocannabinol (THC) is the major active ingredient in marijuana, cannabidiol is also obtained from hemp, which contains only very small amounts of THC.
Cannabidiol is most commonly used for seizure disorder (epilepsy). It is also used for anxiety, pain, a muscle disorder called dystonia, Parkinson disease, Crohn disease, and many other conditions, but there is no good scientific evidence to support these uses.
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How does it work ?
Cannabidiol has effects on the brain. The exact cause for these effects is not clear. However, cannabidiol seems to prevent the breakdown of a chemical in the brain that affects pain, mood, and mental function. Preventing the breakdown of this chemical and increasing its levels in the blood seems to reduce psychotic symptoms associated with conditions such as schizophrenia. Cannabidiol might also block some of the psychoactive effects of delta-9-tetrahydrocannabinol (THC). Also, cannabidiol seems to reduce pain and anxiety.
Market Analysis and Insights: Global CBD Oil Market
The global Cannabidiol Oil (CBD Oil) market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 27.1% in the forecast period of 2020 to 2025 and will expected to reach USD 1075.7 million by 2025, from USD 412.3 million in 2019.
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Companies Covered :
Kazmira, Cannavest, Green Road, CW Hemp/CW Botanicals, HempLife Today, Freedom Leaf, ENDOCA, Folium Biosciences, Medical Marijuana, Pharmahemp, Canopy Growth Corporation, Whistler, CBD American Shaman, Absolute Terps, Aphria, K.I.N.D. Concentrates, NuLeaf Naturals, The Lab, Emblem Cannabis Oils, Select Oil
Based Year 2019
Forecast Period Covered 2019 – 2028
Units for value Revenue in USD million and CAGR from 2020 to 2028
Covered Segments Component, Types, Applications, End-Users, and more.
Product Type Hemp-derived Type, Marijuana-derived Type
Applications Pharmaceuticals Industry, Food Industry, Cosmetics Industry, Other
Region Covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
In June 2020, Curaleaf launched a new cannabis capsules product for their customers which are easy to consume. Through this launch, the company aims to expand their product portfolio among consumers.
In November 2019, Canopy Growth Corporation announced that they have received its operating and secure storage license from Health Canada in Smiths Falls, Ontario. Through this, the company aimed to fulfil the growing demand of its customers