What is behind the impressive market growth of CBD?
Considering its current reach and future growth potential, CBD is one of the most exciting markets in the world. Cannabidiol, also known as CBD, is one of the active ingredients of the cannabis plant.
Of the two components, THC creates the euphoric effects that marijuana is famous for and for which it has been classified as a narcotic in the past while CBD on the other hand has many medicinal benefits without the psychedelic side effects. In fact, this may be the main reason behind the impressive growth of CBD in recent years.
The first states to legalize cannabis for recreational and medicinal use are the first winners. Multiple American states, Canada and Uruguay are growing such plants since 2018 without any problems.
Still, there are few countries around that do not allow cannabis for any reason. But, this will most probably change in the future, as medical research is supporting the use of CBD for the treatment of many pathologies and health issues.
As a result, CBD is doing great, growing at an incredible rate in recent years, and this is only the beginning. Financial experts and the CBD industry professionals are expecting CBD to be a multi-billion dollar industry.
What made CBD grow so much?
THC has a lot of benefits for humans and animals, but with that comes psychoactive effects. That is not the case with CBD. CBD has more therapeutic benefits and does not cause a risk of potential addiction. This has been a large fueling factor behind the explosive growth of the CBD market. CBD-containing products are everywhere, from pharmacies to shopping centers and even gas stations. But what is CBD really and why is being cultivated more?
We will give a clear explanation of that and answer your questions in the next paragraph.
What is CBD and where is it obtained from?
Cannabis has three main groups: Cannabis Sativa, Cannabis Indica, and Cannabis Ruderalis.
Sativa, has two famous strains or varieties:
- Hemp or as professionals like to call it “industrial hemp”
So, where does CBD come into play?
CBD is obtained from both varieties however when it is obtained from hemp, it is legal in the US. When it is obtained from marijuana, it is not legal. Cannabis strain, like hemp, contain less than 0.3 percent THC or no THC at all, so it has been deemed federally legal and approved . CBD derived from hemp under these conditions is perfectly fine. This has in turn made the hemp seed in high demand.
If we dip a lit more into the differences between hemp and marijuana we understand that:
- Hemp contains more CBD than Marijuana and less THC than Marijuana
- Marijuana is high on THC containing 5-30% THC and less than 10% CBD
- Hemp contains up to 20% CBD and is very low on THC containing 0-0.3%
What will keep CBD growing in the future?
Now that CBD has been integrated into so many products and is carried by many major retailers, it has a strong foundation to grow from. In addition, hemp and CBD specifically has a wide range of usability in many industries, starting from textile, to food and beverage, pharmaceutical to many more. But the most important would be it’s recreational and medical use. It is expected that demand for CBD will continue to significantly grow around the world as more products and innovative embed CBD into the market place.
Around the world, many companies are fighting to be a major player in the field. These companies produce a wide range of CBD-infused products for human and animal (mostly pets) consumption.
In today’s market, CBD comes in many forms:
- and more
Therapeutic properties of using CBD are many and new reports are constantly coming out around how CBD can help treat, and improve patients dealing with various medical issues. In case you decide to start using CBD, we recommend you consult your doctor first. Your doctor’s advice is very important, especially if you use other medicines. Besides that, you will also need a CBD guide in order to get more information on the effects of CBD.
In conclusion, when we track the growth and future potential of the CBD market, most experts are aligned that the growth curve will only continue to expand. And as more scientific researches proves and reassuring the world of CBD’s medical benefits and safety, there really is no limit in sight. Many investors are now looking at larger, well funded CBD businesses as investments to ride this expected growth trend. There are CBD stocks, private companies and other options to help leverage for your retirement.