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Cannabis drinks market value set to grow by US$8.3 billion in 2032
The global cannabis drinks market is set to grow by a value of $8.3 billion in 2032, with a compound annual growth rate (CAGR) of 37.3%, according to Future Market Insights.
Cannabis is becoming more commonly used in various markets across the world to treat a variety of illnesses, including neurological disorders, epilepsy, cancer, and pain management. Cannabis consumption has also been fully legalised for recreational use in 19 US states, and the drug is gaining traction within health-conscious communities.
Demand for cannabis drinks is predicted to rise as a result of legalisation of recreational or medicinal cannabis.
The cannabis drinks market is worth of US$ 0.4 billion sales in 2022 and expand at CAGR of 3% between 2022 and 2032.
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