The CBD market is still growing and it is not expected to stop. After a 700% increase from the year 2018 to 2019, CBD is experiencing extraordinary growth. But, how is this possible? What makes this cannabinoid so special? We did a lot of research to further understand this growth and come up with the main reasons for pushing CBD to take over the market. Furthermore, the research helps us understand why the demand for CBD products is higher and higher every day. Experts say that many companies are thinking of investing their resources in the CBD area. In fact, CBD is a very versatile cannabinoid, as it has a wide range of usability, starting from the most important which is medicines, passing to the food industry, cosmetics, and much more other industries.
So, how can all these be explained? We will divide the whole thing into four parts:
- Human needs
- Agricultural commodity on growing hemp
- Prospects for the future of industrial hemp
- Legislation regarding plants that produce CBD
Human needs
We as humans may suffer from different health disorders or issues. When that happens all we think about is finding healing products. The latest research shows that many users are turning their focus towards products with a lower THC concentration and a higher CBD percentage. Why is that? THC is known as the psychoactive cannabinoid, thus making users addicted. On the other hand, CBD is a non-psychoactive cannabinoid. You should keep in mind that both these cannabinoids offer a wide range of benefits for our body and mind.
What makes CBD products more in demand is exactly the non-psychoactive characteristic, because who would not want to take advantage of the therapeutic properties of cannabis without "getting high". The medicinal properties of CBD are not the only ones humans need for themselves. In fact, people are using CBD products, especially CBD oil for pets. CBD is becoming an important ingredient of food products and also cosmetics. In the case of pets, people prefer CBD dog treats over CBD oil for their puffy friends
Agricultural commodity on growing hemp
Hemp is a variety of Cannabis Sativa family that has the ability to provide us with around 20% CBD and less than 0.3% THC. Under these conditions this plant even though it is a strain of Cannabis Sativa is legal to cultivate. In this context, the United States of America is leading in research, innovation, legislation, cultivation, and research. Other parts of the world are no different, as the fame industrial hemp is growing in Europe, Asia and also Australia. According to numbers, Montana, Oregon, Colorado, and Kentucky are among the American states with the most cultivating area of hemp. In 2019 alone there were 80 thousand hectares of hemp in these four states. The amount of investment in research and on cultivation has given the US a massive boost on being the leader in the CBD area.Prospects for the future of industrial hemp
The future of CBD is bright and it is a mistake just thinking that the hemp market will stop growing in the near future. The hemp market is not only about CBD, as other extracts can be exploited in many industries and sectors. Just to give you a short example, hemp fiber is a renewable material. For this reason, it is becoming a key player in the textile industry. Furthermore, its use will also grow in the furniture and construction sectors, as well as in the production of bioplastic and biofuels.
Legislation regarding plants that produce CBD
To keep short and give a clear understanding of the legality of CBD, here is the answer: All plants that produce less than 0.3% THC or no THC at all are legal to cultivate, transport or sell. As stated above, industrial hemp is the most suitable plant to obtain CBD from. These conditions are regulated by federal law in most US countries. As for Europe and other parts of the world, there is a bit of confusion. In conclusion, CBD products have undoubtedly changed people's lives for the better. Humans use CBD products such as CBD oil or CBD cream for the well-being of their bodies and minds. They are cleverly using cannabis's therapeutic purposes for themselves and also for pets, as even our four-legged friends need a lot of care. In addition, if you decide to use CBD products we recommend you first consult with your physician, especially if you are using other medicines.
