Name: the CBD market
Brand: Businesscoot
Price: 89 EUR
Availability: InStock

INFORMATION ON THE STUDY

Prix: 89€ HT
Last update: 29/09/2021
Language: English
Category: Health, medicine and pharmaceuticals
Any questions?
(+33) 9 70 46 55 00

Content of the study

Available languages

MARKET OVERVIEW

1.1 Definition and scope of study

The CBD, sometimes called "Cannabis Light" is the abbreviation of cannabidiol, a molecule extracted from hemp. Contrary to the THC molecule also present in the plant, CBD does not have a narcotic effect and is therefore mostly consumed medicinally. Cannabis as an illicit drug generally contains 15% THC. CBD can be consumed in several ways:

In sublingual
In inhalation
In ingestion
In topical or transdermal application

Available in pharmacies, pure players also specialized in this sector. Supermarkets, tobacconists, and stores specialized in cosmetics also sell CBD-based products. The consumption of CBD in low doses has relaxing effects. It also reduces stress, soothes, facilitates sleep, and has an anti-inflammatory effect.

The global market for cannabidiol is growing rapidly, driven by an increasing government tolerance for CBD consumption in addition to the healing properties of the plant. The annual growth rate is estimated at 21.2% until 2028.

In Italy, CBD consumption is legal if the THC content is below 0.6%. Italy is also one of the largest consumers of light cannabis in Europe, just behind France and Denmark. One in three people in Italy has already consumed cannabis.

The Covid 19 crisis has transformed the light cannabis sector. An increase in consumption of 30% was observed between March and April 2020. Moreover, while the two main points of sale were physical stores for 49% of CBD purchases and websites for 48%, tobacconists have increased to 10% during the pandemic.