Global Market Stats
- It is expected that U.S. consumer sales of CBD will reach around $1.8 billion USD by 2022.
- European CBD Market is expected to grow 400% by 2023 with a total value of $1.7 billion USD.
- Latin American spending on CBD is forecast to reach USD $ 2.5 billion USD by 2026.
- 20% of Europe's Population suffers from Chronic Pain. Approximately 148 million people.
- Europe spends $285 billion USD annually on pain medication.
- CBD Global market size is expected to be $22 billion by 2022.