More people are getting into the CBD market everyday
Hemp and more specifically CBD, has garnered a lot of attention over the last few years. The market’s rapid growth is attributable to a greater awareness of the product and its capabilities, coupled with bolstering support from recognized medical researchers. In an age where people are more conscious about the substances they consume, it is not surprising many gravitate towards safer, natural methods of treatment, and the CBD market is growing because of it.
Convenience of use and accessibility
Today, there are various CBD products available, ranging from regular capsules and gummies, to even baked cookies. In times past, you would need to find your way to a head shop or medical practitioner, depending on your location. Over the last few years, several start-ups have entered the market, boosting competition. As a result, the public has witnessed many innovative, and in some cases, borderline ridiculous ways for consumption.
No noticeable psychoactive effects
CBD, unlike other cannabinoids found in hemp, does not have noticeable psychoactive effects. Its primary function is to regulate the body’s endocannabinoid system (ECS), which is responsible for things such as pain sensitivity and mood. Anandamide, also known as the “bliss molecule,” is like an organic antidepressant, and research has found that the CBD helps to inhibit the breakdown of this chemical within the body.
In July 2018, the FDA approved a type of CBD as a treatment for seizures caused by two severe forms of epilepsy. This development brought a lot more legitimacy to the claims made by proponents and reinforced the need for continued research into the hemp derivative. As the CBD market continues to mature, with more use cases presented, CBD is well on course to be a potentially groundbreaking, natural remedy with a broad range of applications. CBD oil products are very popular and available from many CBD oil companies around the country.
Increased popularity of holistic medicine
In this information age, consumers are more knowledgeable, and they are seeking alternatives to traditional pharmaceutical products. As people become more mindful of what they put into their bodies, the demand for natural products that can heal, and even improve life expectancy will continue to increase. For those who prefer herbal, organic forms of treatment, CBD is becoming a preferred option that may assist with a myriad of health conditions.
Legalization of marijuana
With the global stance to cannabis shifting towards more leniency, it’s no surprise that hemp-based products are increasing in popularity. Though its consumption hangs in a legal grey area in some states, the narrative is changing with time. Recreational marijuana is now legal in 10 states; medical marijuana is legal in 33. CBD derived from hemp is already legal throughout the US, with more burdensome restrictions reserved for THC rich products.
Quite notably, Canada made steps this year and became the second country to legalize the recreational use of marijuana. That signals a global paradigm shift, with the recreational and medical use of hemp becoming quite widely accepted.
At its current rate, some analysts have predicted that the CBD market will hit $22 billion, even despite some legislative challenges. For millions of consumers, it seems to provide an alternative to the mostly monopolized “pharma machine” with arguably better results.