Cannabis Beverage Market: Size, Growth, Regional Analysis, And Market Analysis
Cannabis: Cannabis is a flowering plant that belongs to the Cannabaceae family and is commonly referred to as hemp. Cannabis has long been utilized as a source of hemp oil and hemp fiber and its medical and mind-altering properties. Cannabis drinks, which are commonly consumed beverages, have recently been added to the list of approved uses. Market Analysis: By 2025, the global Cannabis Beverage Market is estimated to reach USD 2.8 billion, growing at a CAGR of 17.8%. Due to the presence of multiple small and medium-sized businesses, the market is highly fragmented. The majority of the companies are situated in Canada, thanks to the country's legalization of marijuana for medical and recreational use. The cannabis beverages sector is expected to grow in response to the rising demand for health drinks. The availability of an adequate amount of cannabis for ingestion and the product's low sugar content are among the drivers expected to propel the cannabis, Beverage Market. The l