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- Financialnewsmedia.com News Commentary
PALM BEACH, Fla., Feb. 16, 2021 /PRNewswire/ -- Cannabis-infused foods revenues, also known as cannabis edibles, that contain cannabinoid compounds, have been growing steadily over the past few years and are projected to continue to grow over the next several years according to industry reports. The growing acceptance of cannabis is the key factor likely to drive the cannabis edibles market globally in the future. The opinion about cannabis is changing and its adoption is increasing globally, which is projected as a lucrative business opportunity for this market in the upcoming years. The legalization of cannabis in Canada is attracting an extensive range of market players. Moreover, the high popularity of cannabis for medical purpose is also anticipated to drive the cannabis edibles market globally over the estimated timeframe. For medical use, cannabis products are extensively accepted in Canada, the U.S., Spain, Israel, Chile, Australia, and Germany. The growing use of cannabis for Alzheimer's and arthritic diseases is further expected to propel the global cannabis edibles market in the upcoming years. Therefore, increased social recognition related to cannabis across various regions is likely to offer significant opportunities in the cannabis edible products market in the future. According to a report from Zion Market Research, the global cannabis edibles market was valued at approximately USD 2,376 million in 2018 and is expected to generate around USD $11,564 Million by 2025, at a CAGR of around 25.4% between 2019 and 2025. Active companies in news today include