Did you know it is estimated to be worth $20 billion by 2022?
The CBD industry has seen a surge in popularity in recent years. Over the past few years, sales of CBD related products have increased and generated a large amount of buzz due to their medicinal health and wellness benefits.
So, when did all of the excitement start and what has made experts so sure that the CBD industry will soon be worth billions?
Business is Booming
CBD has its roots set in a variety of different industries ranging from cosmetics to beverages and seems to consistently surprise experts with its growth rate.
The difference comes from the newest estimate’s inclusion of products sold through licensed dispensaries as well as general market retail providers.
Integrating CBD Into the Mainstream
It is no question that these impressive projections can be attributed in large to CBD oil’s integration into mainstream society.
There are a variety of different factors to thank for such a spike in popularity over the years. The first of these are the various scientific studies published that show the great benefits CBD can offer.
With the emergence of research put towards exploring the compound, the public has become more willing to accept the value CBD oil can bring to their lives.
FDA approval of cannabidiol-based pharmaceutical was also integral in bringing CBD to the attention of the public with the introduction of Epidiolex, a drug used to treat Dravet syndrome.
This condition can be life-threatening in many cases and the idea that the federal government was willing to extend approval of a cannabidiol-based substance was enough to get many people interested and excited.
Innovation in the CBD Industry
Looking at the CBD industry and how far it has come overall, it seems clear that this is just the beginning. CBD has become the topic of much interest and new frontrunners emerge to offer their innovations.
Gone are the days where CBD oils were the main ways of consuming CBD (even if they are still very popular).
Over the years, new ways to use CBD have burst onto the scene and it seems that there’s a new CBD product to try nearly every day. Regardless, CBD products generally fall into five primary categories:
Investing in the CBD Industry
There’s no better time than now to invest in the CBD industry considering that it will reach a value of $20 billion by 2022 based on the most recent projections.
Investing could bring about some very real profits in the future. It could very well be time for you to consider taking your piece of the CBD industry pie!
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A Purple Heart decorated disabled veteran, Sean Worsley has just been released from an Alabama State prison last week on parole after serving eight months out of a five-year sentence.
The Iraq War veterans’ trouble with the law started in August 2016 when he stopped at an Alabama gas station while driving to North Carolina to help his grandmother relocate after a hurricane. At the station, police asked Worsley and his wife to turn down their car stereo, and although they complied, the cops searched their car. Inside, they found a prescription bottle filled with medical marijuana.
With Cannabidiol (CBD) is gaining widespread popularity around the world, and an increasing acceptability as a potent medicinal intervention, it is only natural to find products that do not live up to the acceptable standards of quality.
Certainly, the market is flooded with substandard products but knowing what to look out for in a high quality CBD product would require some special knowledge.
Looking to buy CBD? Here are 7 sure signs to know if your CBD is of high quality.
There are many derivatives from the cannabis plant but the ones that have caught the eyes of many are CBD and THC. CBD is renowned for its outstanding therapeutic benefits and the fact that it won’t get you high, which is unlike Delta-9 THC that although, renowned, is often the subject of deep disagreements owing to its psychotropic tendencies.
We’re certain you have heard of Delta-9 THC, but what about Delta-8? Delta-8 is gaining momentum amongst cannabis enthusiasts as well, but many are still at a loss as to what it is and how it differs from Delta-9 THC.