As the popularity of CBD products surges, many players, including new domestic brands and imported brands, have joined the CBD market in China by taking advantage of the regulatory gap. There is a high possibility that this could be the birth of a fresh market.
CBD has been a worldwide trend for some time. According to GrandViewResearch, the global cannabidiol (CBD) market was valued at 4.6 billion dollars in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 22.2% from 2019 to 2025.  In China, the CBD market size also has reached about 760 million yuan in 2020, and at least 190 companies are involved with CBD while over 50 companies have gained licenses for industrial cannabis cultivation. 
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