Data Bridge Market Research analyses the market for CBD Oil Extract to account for USD 25.57 billion in 2027. Reportedly growing at a CAGR of 21.0% from 2021-2027. They say that the growing awareness amongst the patients regarding the benefits of CBD oil will help in driving the growth of the market. Hemp CBD Stocks have been stocks to watch since the 2014 Farm Bill.
Major marijuana players like Canopy Growth Corporation (NYSE:CGC), Aurora Cannabis Inc. (NYSE:ACB), and Charottes Web Holdings (NYSE:CWBHF) have diversified into the CBD extracts.
A pioneer CBD company from the OTC Markets is Endexx Corp. (OTC:EDXC), they have been setting up the company for the long-awaited federal legislative changes with major international deals and wellness products joint venture with DJ Khaled.