Why CBD products are getting far more attention than cannabis-related products
Aug 29, 2019 19:09
There has been a budding interest around the cannabis plant lately, not to say that there was little interest before. As studies are conducted and legalities free up the cannabinoids to be tested, there is one cannabinoid, in particular, that is causing the legal cannabis market to explode, again. CBD and cannabis-infused products are about to explode with the legalization of edibles, lotions, and drinks in early December of 2019 in Canada.
The market is poised to take in huge revenues from CBD. Internationally, cannabis is still illegal under regulatory statutes. However, more clinical trials are currently underway to study the health benefits that CBD the non-psychedelic compound found in marijuana has to offer.
Many countries are permitting the use of CBD as medical assistance, providing it contains less than 0.3% THC. CBD products are perhaps at the forefront of the cannabis ride, highlighting the health benefits of CBD infused products. As attention shifts from the cannabis-related products we have been used to, CBD derived products and the use of CBD increases. The 2nd most known and used cannabinoid in the marijuana plant CBD may reverse the position of THC and CBD in that line-up. THC was deemed as a primary reason for using the herb. Rolling a joint or smoking a hash derived joint is now becoming a less accessible mode for using cannabis today. The market has turned to CBD as the sought-after part of the plant.
Is it the health reasons, or the wellness qualities of the plant's CBD make-up, or is it the amount of income driven by the health benefits of the famous cannabis plant? CBD from the hemp plant is the component needed to secure medical marijuana, that is required to infuse the CBD products being produced and requested by consumers.
For health and wellness needs, CBD is the component that is the hot item and is providing more attention than THC the psychoactive compound.
The medical benefits are numerous, and can include assistance for:
●Helps to fight the aging process
Now that cannabis laws have loosened up, and in some cases have been legalized, infused items are everywhere, and present in many products. The popularity is high, and the demand is enormous. The market is being saturated by CBD-infused gummies, beers chocolates, lotions vaginal suppositories, and oils for sublingual use. The move is towards the health benefits that CBD possesses, to include it in the positive wellness brands that are needed.
The CBD market is ready to provide
●Coffee infused with CBD that does not have the addictive side-effects like the jitters that caffeine can cause
●CBD infused bath bombs are popular for easing pain, from tired, tense muscles
●CBD treats for pets used for a multitude of issues that your pet can exhibit just the same as their human owner
●Skincare and beauty products from lotions lip balms shampoo to mention a few
The United States expects that the CBD market is set to top $22 billion in 2022 and by 2025 the combining of the organic food market with CBD will push that number to $70 billion; this estimated number is for the United States alone.
Studies show that the market for cannabis and CBD products is growing, as is the sector that uses the product. More middle-aged women and seniors are among the sector, and as this sector grows, so does the demand for CBD products.
Alternative methods of consuming the cannabis plant other than smoking or for the THC high include:
●Vapes: this method is becoming one of the hottest cannabis products, and with the health issue being addressed, the popularity of CBD vapes sales have grown wild
●Edibles: from the gummy to the chef prepared meals that are CBD infused, sales have risen immensely
●Beverages: technically part of the edible category, CBD infused drinks are ready for explosive sales in Canada on legalization in Dec 2019
As Canada is fast approaching the sale of legal edibles, it is expected that deals in the budding medical CBD market alone,will be worth $1.3 billion. This could outreach the adult use of marijuana for recreational purposes by 2022.
Thanks to the passing of 2018 Farm Bill in the United States, hemp and the products derived from them are a lucrative path on the cannabis industry experience.
The consumer is anxiously waiting to purchase the new cannabis products that will be available for the recreational user. CBD products will be legally possible for anyone that meets the age requirements. The consumer is looking forward to purchasing more than dried flowers, and CBD infused products are the next step to incorporating the qualities that CBD has, for both recreational and medicinal use.
It is expected that in Canada approximately:
●$1.6 will be spent on edibles
●$530 million on cannabis-infused beverages
●$175 million on topicals
CBD edibles are becoming a common form of administering medication, and the consumer is willing to spend the money needed for products produced from this compound. The discreet methods that are available for administering CBD are holding their own in the cannabis market and may eventually surpass the consumption methods of marijuana for the THC psychoactive effects. Wellness and health concerns out-way the results that the other prevalent cannabinoid, THC, also found in the marijuana plant delivers.
The passing of time has shown what the health qualities the powerful cannabis plant possess. The growing senior population who has been smoking herb for many years is aware of the benefits and is supporting the cannabis industry in the health benefits that aid in treating many of the health concerns they have, without the dis-abling side-effects that some pharmacy driven prescriptions produce.
The interest in CBD derived products has provided a niche for non-cannabis businesses also. CBD needs marketing, product design, and investors looking to cannabis as a way to increase their profits. CBD has given the consumer not only outstanding health products, but perhaps the zealous market is also being recognized as providing the community and world with employment.
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