The global cannabis extract market size was valued at USD 3.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 20.0% from 2023 to 2030. Growing demand for cannabis extracts, including oils and tinctures, and the increased legalization of marijuana for the treatment of different chronic ailments like arthritis, Alzheimer's, anxiety, and cancer are driving the expansion of the industry
