The CBD beverage market could be worth about $3 billion by 2025, according to analysts at Grand View Research.
In fact, according to the firm, “Rising demand for wellness drinks is anticipated to drive the growth. Moreover, the low sugar content of the product and the presence of an appropriate quantity of cannabis for consumption are the factors projected to fuel the product demand. The legalization of marijuana usage for medical and recreational purposes in many countries is expected to drive the production as well as demand for cannabis-infused beverages. The increasing use of cannabis for the treatment of neurological disorders, cancer, and pain control is anticipated to drive the demand for cannabis drinks.”
That could help drive significant growth for Xebra Brands (CSE:XBRA)(OTC:XBRAF), Aurora Cannabis (NASDAQ:ACB)(TSX:ACB), Canopy Growth (TSX:WEED) (NASDAQ:CGC), Tilray Inc. (NASDAQ:TLRY)(TSX:TLRY), and OrganiGram Holdings (NASDAQ:OGI)(TSX:OGI).