New Zealand to become the first Asian-Pacific Country to legalize medicinal marijuana

Mainstream retail agents are slowly opening up to the vast possibilities of CBD or cannabidiol for manufacturing beauty and wellness products. CBD is extracted out of hemp and does not cause a high like that of marijuana. These products are gaining record popularity amidst legal confusions for being of great assistance in helping tackle sleep problems and reducing anxiety.

 

Key Statistics

Although the legal status of CBD remains under a veil of confusion, retailers are trying to reap the biggest benefits out of this booming industry. As per Investment firm Cowen Co., retail sales of CBD consumer products are estimated to have crossed over $2 billion in 2018. This figure is expected to hit the $16 billion mark within 2025.

 

CBD Future Plans

Growing demand has led to a market filled with CBD infused offerings ranging from bath balms to dog treats in the past few months. Martha Stewart a

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