According to the report titled ‘Global Cannabis Infused Edible Products Market Size study with COVID-19 impact, by Product Type (Food, Beverages), by Distribution Channel (Supermarkets/Hypermarkets, Convenience stores, Specialist stores, Online stores, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global cannabis infused edible products market is projected to record a substantial growth during 2020-2027.
 

Local & state government approval of medicinal cannabis for its benefit in respiratory issues amidst COVID-19 pandemic and legalization of recreational cannabis in several economies are majorly propelling the industry growth. Also, surging demand of cannabis-based wellness drinks, rising disposable income, and enhancing living standards are driving global cannabis infused edible products market growth trends.
 

For those uninitiated, cannabis infused edible products are food items having cannabinoids, particularly tetrahydrocannabinol (THC). There are about 100 different types of cannabinoids available in the market, of which cannabidiol (CBD) and tetrahydrocannabinol (THC) are the most used cannabis.
 

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Notably, these products are gaining popularity on account of their increasing usage in food & beverages as they offer various health benefits from treating insomnia to chronic pain, anxiety, seizures, and inflammation.
 

In 2018, the Canadian government promoted cannabis consumption among the adults and authorized the usage of cannabis fortified edibles in October 2019. Moreover, cannabis consumption is legalized across countries of Central & South America, and Africa. Widespread legalization of the product will boost global cannabis infused edible product market forecasts.
 

However, varying raw material cost along with lack of supply of high-quality cannabis in several economies may hinder the expansion of global cannabis infused edible products market share over the analysis period
 

Citing the regional landscape, global cannabis infused edible products industry is segmented into Latin America, North America, Asia-Pacific, Europe, and Rest of the World. The report states that North America currently accounts for considerable industry share, on account of relaxation norms for cannabis usage in production of food & beverages, coupled with growing food & beverage sector. Meanwhile, Asia Pacific cannabis infused edible products market is anticipated to witness a substantial growth during the analysis timeframe.
 

Major players in global cannabis infused edible products market are VCC BRANDS, Mentor Capital Ltd., Bhang Corporation, Botanic Labs., Sprig, Dixie Elixirs, Cannabinoid Creations, Charlotte's Web, and Kiva Confections.