Global CBD market in 2021

Check out the world map below for the countries you can take CBD in.

There are many legal fields in Europe and the United States, and in some European countries and South America, there are many countries where only medical use is legal. It is illegal in China.

For the CBD global consumer market, North America has a large market share of 60%, followed by Europe, Asia and South America with 10% each.

With the prices of cannabis products in major cities around the world, Tokyo was ranked as the top city. 1g CBD (1000mg) costs around 3500 yen. Of course, there are many very expensive products.

Although they are affected by the GDP of each country, the countries that cannot produce in their Asian countries have to depend on imports, so prices are likely to rise.

Based on the product, usually, such dietary supplements are prohibited tinctures (oils) and capsules that complicate most CBD products.

Regarding the full penetration of CBD products by the industry, beauty massage → State → food drinks, However, the CBD state used in various products bans balms, body lotions, snacks, coffee / last time and steaming in all areas. Understand.

According to a 2021 report, the reason for the decline in sales is the decline in sales due to product restrictions and contracts for some global currency and contracts for the future. Look at the groups, the highest income type. We are expanding our sales and marketing channels to sales.

The proportion of products used varies from country to country where cannabis is grown. Most of the production is destined for textiles in China, CBD in the United States and industrial use (paper products, building materials, fuels, cosmetics, etc.) in Europe.

The CBD Marketplace is widely used as a traditional medicine in Asia and is easily grown in hot climates, so there is normal wool emerging in Asia. According to a daily Nikkei newspaper report, the Thai drug industry is expected to reach 70 billion yen by 2024. It was legalized in 2019 in Thailand and South Korea.

According to the 2019 report, the reason for the decline in sales is the decline in mass sales due to product restrictions and the suspension of production contracts for other low-profit companies. We are expanding the path of trade and commerce to the EU.

Cannabis can also be grown in Thailand. The Ministry of Health must allow activities such as breeding, processing, ownership and sale. Under current law, only government agencies can obtain licenses such as government pharmaceutical companies, hospitals, universities, and traditional medicine, as well as government-affiliated institutions. It is recently possible to export and import abroad, and this is being highlighted as an industry, with foreign investment growing.