Market Dynamics:

The increasing legalization of cannabis for both medical and recreational purposes across various regions is expected to drive the growth of the cannabis beverage market over the forecast period. According to the article, around 20 U.S states and Washington D.C. have already legalized recreational use of cannabis. Moreover, increasing investments by key players for the development of innovative cannabis infused beverages is also projected to propel the market growth. For instance, in June 2020, MedReleaf Corp. launched its line of various cannabis infused beverages in Canada including iced tea, lemonade, and ginger beer.

Key Takeaways

The Global Cannabis Beverage Market Size is expected to witness high growth over the forecast period.

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