Just a decade ago, there were hardly a handful of people who knew about CBD other than the hard-core cannabis community. But today it has become one of the hottest trends around the world. According to reports, the sales of CBD in 2018 reached a whopping $600 million, and the projected growth shows that it will reach $22 billion in the next few years.
Why is CBD getting all the attention?
Unlike its cousin THC, CBD is non-psychoactive. It doesn’t make you feel high in the same way that conventional weed does. This is one of the reasons why different countries are legalizing CBD. The 2018 Farm Bill even revoked the statement that agricultural production of hemp is a criminal offense.
Hemp is one of the significant sources of CBD. A few months before this bill was passed, the U.S. Food & Drug Administration legalized a few CBD-based drugs that treated various types of seizures. In fact, the Drug Enforcement Administration even approved CBD into the Schedule V drug list.
CBD is a welcome change for everyone
Over the years, there was a misconception that CBD and THC are the same. It was believed that since they both belong to the cannabis community; they will have adverse effects on the body. But people are more educated now, and they are aware of the differences between the two different phytocannabinoids. This has increased the demand for CBD, and it’s no longer uncommon for people to order weed online to enjoy its many health benefits. Countries that still haven’t legalized CBD also have a significant percentage of weed consumers.
The legalization of CBD has been a game-changer. It is now welcome in places where THC can’t go. One of the leading cosmetic companies openly announced that they are using CBD extracts in their products because it is known to improve various skin conditions. From skin allergies to eczema, CBD-infused skincare products can work wonders for the skin. However, you need to consult with your dermatologist before using these products.
CBD is prevalent in states where THC is banned
The rise of CBD products and the emerging health benefits has allowed many states to legalize CBD. These are the same states that still have a ban on THC. The objective here is clear – the states don’t encourage smoking, especially when it can make you high. However, it recognizes the therapeutic benefits of CBD and understands that it is non-psychoactive. Many states are also starting awareness campaigns on CBD and how it is different from conventional weed.
The growing acceptance of CBD has allowed many entrepreneurs to start their business of selling weed online or making healthcare products that contain CBD. They are targeting the states where CBD is already legal. This allows them to create brand awareness successfully because it is essential to let customers know about the authenticity of the product.
Even with the lingering confusion among many people who think that CBD is next to THC, it is finding ways to answer the queries through its positive effects. That is the reason why CBD gets all the limelight in the ever-growing cannabis industry.