The North American market for CBD Gummies is projected to have a considerable CAGR of around 27.8% during the forecast period. The growing legalization of cannabis and CBD-associated products in countries such as the US is the major driving factor for the growth of the North American market. The US Farm bill of 2018, is regarded as among the most supportive government policies for the promotion of CBD gummies and other CBD-based products in the US. The bill makes hemp and hemp-based products legal in the country and removes hemp from the definition of marijuana in section 102(16) of the Controlled Substances Act. According to the bill, the USDA will approve the states before harvesting for monitoring and production regulation activities. Furthermore, a few favorable modifications in the overall hemp regulations are supporting the supply of various CBD-based products in the US market. For instance, as per the 2018 Farm Bill, hemp was omitted from the Controlled Substances Act (CSA), which implies that cannabidiol plants and associated products must not contain a 0.3% concentration of delta-9 tetrahydrocannabinol (delta-9 THC).
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The North American CBD Gummies market is segment is based on the concentration and distribution channel. Based on concentration, the market is segmented into high concentration and low concentration. Further based on distribution channels, the market is classified into online and offline.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
North American CBD Gummies Market Report Segment
By Concentration
- High Concentration
- Low Concentration
By Distribution Channel
- Online
- Offline
North American CBD Gummies Market Report Segment by Region
- United States
- Canada
- Latin America
- Middle East & Africa
The Report Covers
- Comprehensive research methodology of the North American CBD Gummies market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American CBD Gummies market.
- Insights about market determinants that are stimulating the North American CBD Gummies market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players
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