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According to the website Statista, “the legal cannabis industry is comprised of the production and selling of the cannabis plant and products derived from it. Many companies involved in this sector began supplying exclusively to the pharma-medical industry but have now expanded to servicing the retail markets that have opened up in Uruguay, Canada, and the United States. Some of the fastest growing product segments currently are vaping products, edible and beverage products, and CBD (a cannabis-derived, non-psychoactive chemical with reputed health and wellness benefits).
The adult-use market is forecast to grow further and reach over 33 billion dollars in value by 2025. Much of this value is to come from the U.S. and Canada but Germany is expected to start legal sales as well.”
According to studies carried out on the cannabis plant, out of its more than 500 organic compounds, 113 are cannabinoids, where CBD or Cannabidiol (which doesn’t provide psychotropic properties) and THC Tetrahydrocannabinol (which provides psychotropic properties) stand out.
Growers dedicated to the cultivation of medical cannabis focus on taking advantage of the CBD compound, present in the resin of the flower, estimating that 45% can be extracted in each plant.
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