The average adult must have heard of marijuana, weed, or cannabis at one point in their life. Despite the controversy, cannabis and its byproducts like CBD are becoming more popular than ever. There are many reasons why the popularity of CBD products is on the rise. In the United States, the CBD consumer sale market is expected to reach $1.8 billion in 2022. As long as CBD products are effective and have financial benefits, their recognition will only increase.
Cannabidiol (CBD for short) is one of the active compounds in cannabis. It contains 0.3% or less THC concentration, meaning that you would likely not get high on it. Tetrahydrocannabinol (THC) is the active compound in the cannabis plant with psychoactive capabilities. THC concentration above 0.3% would result in a “high,” which is usually marijuana.
CBD products will keep growing in popularity and could even break demographic barriers. Here are five reasons why CBD products are gaining popularity and how they can benefit you.
1. A Wide Range of CBD Products for Everyday Needs
CBD influences a countless number of products for everyday use. Here are some of the most common CBD products you will find.
CBD Oils and Tinctures
Tinctures are liquids that are laced with CBD. Many who use CBD for health benefits take tinctures as it neither gets them high nor smells like marijuana. Some might argue that a CBD tincture works faster when held under the tongue instead of swallowed.
Also known as vape juice, e-liquids are a necessary ingredient for vaping. They are also liquids that are infused with CBD. Vapers consume CBD when they inhale e-liquid with vaporizers. You can visit NuLeaf and explore variety of products.
Lotions, creams, or potions are all CBD-infused topicals that may produce healthy skin and hair after a period of using them. Like any other lotion or cream, you apply CBD topical onto the skin or hair. Under no circumstances should you ingest them. Besides beautification, applying these CBD products can provide relief to certain parts of the body.
CBD products also help manage health defects, especially in traditional medicine. In addition, CBD comes in capsules and soft lets for people to take them orally with ease. By making CBD into capsules, it makes it easier to dose.
CBD Edibles and Gummies
Edibles are CBD products that you can eat. Gummies are one of the most common groups of edibles. However, it might take some time before the effects of CBD gummies start to kick in.
2. CBD Products May Have Health and Economic Benefits
The continuous use of CBD products may improve health conditions. Consuming CBD products can also be therapeutic and provide relief from pain essential for health and recreation. So far, the FDA has only approved one CDB product as a medical remedy for epilepsy. In 2018, Epidiolex was used for the first time to treat epilepsy in children. This development will further encourage CBD in medicine and help manage other types of seizures.
Besides health benefits, the sale of CBD products enhances the economic advancement of citizens and the government. According to research by the Institute of Cannabis Research at the Colorado State University-Pueblo, the sale of CBD products generated over $80 million in revenue for the local economy, primarily through taxes, in 2017.
3. CBD Is Federally Legal in the US
CBD products have had different uses throughout history, proving their popularity. However, the significant change occurred in 2018 when the Farm Bill became law in the United States. This bill allows the production and sale of hemp legal in the United States. Consequently, the bill permits the sale or use of CBD products in all 50 U.S. states. Some U.S. states still regulate CBD products besides being legal at the federal level. The legalization of CBD products makes CBD more popular, especially in previously banned places.
4. It Is Easy to Purchase Online and Offline
These days, virtually every product or service is available online. There are thousands of vendors on online platforms who deal in CBD products daily. This has resulted in the meteoric rise of CBD online stores and vendors around the world.
Besides the internet, you can buy CBD products over the counter even though the FDA has not approved most of them. The FDA only advises CBD companies and sometimes warns them against making misleading claims on the efficacy of CBD products.
5. CBD Stocks Could Soon Rise
More than 9 million people are actively trading online. Millions are currently looking for stocks, futures, or precious metals to trade online. The progress of CBD companies in the stock market draws attention to online traders. Besides recreation and health, there are other ways CBD products can benefit people.
Cannabis stocks are projected to increase significantly soon despite the recent bearish price movements. The moment the SAFE Banking Act becomes law (and it looks likely), CBD companies would be able to collaborate more with banking institutions. In turn, this collaboration would present them with more financial openings.
CBD products are popular thanks to the health benefits they may possess. However, the popularity of CBD products went through the roof with the adoption of the 2018 Farm Bill. These days, CBD products are also easy to buy online and offline. The future of CBD products looks bright as experts predict an imminent expansion of the CBD market.