According to Fortune Business Insights in a report, titled “Cannabis Beverages Market Size, Share & Industry Analysis, By Type (Alcoholic and Non-alcoholic), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, and Others), and Regional Forecast 2019 - 2026” The market was valued at USD 173.76 Mn in 2018. Fortune Business Insights states that the market will reach USD 2,050.44 Mn by the end of 2026, thus exhibiting a CAGR of 37.13%.

In addition to the legalization of cannabis for recreational purposes, its use as a medical aid for patients has given a kick start to the cannabis beverages market. Thereby, as the market is expected to gain as an increasing number of food manufacturers include CBD and THC in a variety of beverages. The cannabis beverage market is witnessing high demand as an increasing number of consumers seek robust recreational marijuana for, healthy, innovative and smoke-free experience.

https://www.fortunebusinessinsights.com/industry-reports/cannabis-beverages-market-100738