Cannabidiol (CBD) oil is derived from the cannabis plant. It has many therapeutic benefits and may help ease the symptoms of conditions such as anxiety, epilepsy, and cancer.
Many CBD products only contain trace amounts of tetrahydrocannabinol (THC), so they will not make you feel high. THC is the main psychoactive cannabinoid in cannabis.
Source: Secondary Sources and QYResearch, 2021
According to the new market research report “Global THC-Free CBD Oil Market Report 2023-2029”, published by QYResearch, the global THC-Free CBD Oil market size is projected to reach USD 1.2 billion by 2029, at a CAGR of 25.0% during the forecast period.
The global key manufacturers of THC-Free CBD Oil include Charlotte’s Web, Medical Marijuana, Candropharm, Green Roads, Treehouse, Folium Biosciences, MH medical hemp, Essentia Pura, Kazmira, Mile High Labs, etc. In 2021, the global top five players had a share approximately 26.0% in terms of revenue.
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