What is CBD Cigarette Market?
A CBD is a cigarette made with hemp instead of purely tobacco which contains cannabidiol (CBD) but a negligible amount of psychoactive tetrahydrocannabinol (THC). CBD is one of the hundreds of chemical compounds found in both marijuana plants and hemp plants. It has shown potential for having benefits ranging from pain relief to epilepsy treatment. CBD Cigarettes may serve to be the perfect alternative and can often provide a similar sense of relaxation that smokers typically seek to obtain when smoking tobacco cigarettes for stress relief. CBD Cigarettes are often referred to as the perfect cigarette alternative. Smoking marijuana is legal in countries such as the Netherlands, the United States, Spain, North Korea, Peru, Uruguay and others.
The market study is being classified and major geographies with country level break-up.
Wild Hemp (United States), Canoil Canada Inc. (Canada), Koch & Gsell AG (Switzerland), Nirvana CBD (United States) and AVAIL Vapor (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global CBD Cigarette market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global CBD Cigarette market by Type, Application and Region.
On the basis of geography, the market of CBD Cigarette has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Changing Government Regulations Related Cigarette Products
- Health Benefits of CBD Cigarettes such as Natural Pain and Stress Reliever
Market Trend
- Growing Popularity of CBD Based Products
- Increasing Millennial Population and Rising E-Commerce Industry
Restraints
- Side Effects of the CBD Cigarette
- Threat of Substitute Such as Tobacco
Opportunities
- Increasing Cigarette Consumption in Low and Middle-Income Countries
- Growing Popularity of CBD Cigarette among People
Challenges
- Stringent Rules, Legalization and Regulations in Some Countries
On 29th October 2019, SinglePoint, Inc. has launched into the smokable hemp market. Newly released brand 1606 Original Hemp is gaining traction after much attention at the 2019 National Association of Convenience Stores launch. The company received orders on-site at the show and gathered over 100 interested clients that collectively own over 15,000 locations. SinglePoint expects to make its first large scale in the near future and has shipped orders to a collective 250 locations
Canada has passed nationwide legalization of recreational cannabis use, following Uruguay to become the second country to do so. Additionally, Canada is one of only two countries, besides the Netherlands, that export cannabis products, which allows companies in Canada to gain instant revenue from recent medical cannabis according to CBC.
Key Target Audience
CBD Cigarette Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user