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Scientists have discovered cannabidiol, a compound in cannabis known as CBD, in a common Brazilian plant, opening potential new avenues to produce the increasingly popular substance., a shrub which grows across much of the South American country and is often considered a weed, molecular biologist Rodrigo Moura Neto of the Federal University of Rio de Janeiro told AFP in June.
His team recently won a 500,000-real grant from the Brazilian government to fund the research, which he estimates will take at least five years to complete. A study last year by market analysis firm Vantage Market Research estimated the global market for CBD at nearly US$5 billion, and projected it would grow to more than US$47 billion by 2028, driven mainly by health and wellness use.
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