Cannabidiol, also known as CBD, is the most widely-studied compound of cannabis. It’s probably what you’ll encounter the most whenever the health benefits of the plant are discussed anywhere. If you’ve never heard of it before, or are interested in getting some for yourself, then make sure to check out https://www.buymellow.com/.
CBD is prescribed for a wide range of medical conditions, especially those chronic disorders that are symptomized by persistent pain, anxiety, and inflammation. Those suffering from these conditions can find out where to buy wholesale CBD so that they can buy it in bulk and have it be more affordable. But as you shall find out, CBD contains numerous other medicinal properties. That explains why many countries around the world have approved the sale and use of CBD. Many more are seriously toying with the idea of legalizing it. If you’re considering taking a leap into the CBD industry, you shouldn’t reconsider. In fact, now is the time to hop onto the CBD trend, and there are plenty of reasons why. You can even find CBD products on the shelves of stores like Target these days – that’s how much of a phenomenon this has become! If you’re wanting to try it for the first time, you might want to see if you can get a coupon for Target online to use on your next purchase so you can acquire some at a discounted price to see if it works for you; see here – https://www.raise.com/coupons/target. If you can get it at a lower price, you’re more likely to give it a try.
1. Research on the Effectivity of CBD Is More Promising Than Ever
Cannabis has been used from time immemorial to treat a wide spectrum of medical conditions. It’s believed that the leaves and flowers of the plant were used in most countries in the Far East as early as 10,000 years ago. In fact, the term first appears in the oldest Chinese pharmacopeia known as Shennong Bencaojing, or The Classic of Herbal Medicine. However, the medicinal properties of cannabis were easy to dismiss, as claims of efficacy were purely anecdotal.
It was not until the mid-20th century that the popularity of cannabis shot through the roof. Around this time, researchers took a keen interest in the plant as reports emerged that it could treat some of the conditions that were presently difficult to manage with modern medicine. And the findings have been quite promising so far.
In June 2018, the US Food and Drug Administration agency announced that it had approved the use of Epidiolex. Epidiolex is a cannabis-derived drug that’s used to treat seizures that are associated with two rare but severe forms of epilepsy, known as Dravet Syndrome and Lennox-Gastaut Syndrome. With more emerging findings on the medicinal potency of cannabis extracts, we can only project a boom in the CBD market.
2. More Countries Are Legalizing CBD
The growing body of research studies on the health benefits of cannabis-derived compounds has seen many jurisdictions respond by legalizing CBD.
In the US, the signing of the 2018 Farm Bill made it legal to acquire and use CBD in all 50 states, provided the substance is THC-free or contains less than 0.3% of the compound. Delta-9-tetrahydrocannabinol, also known as THC, is a compound in cannabis that causes the famous euphoric effect. THC is mostly associated with marijuana, which is a variant of the cannabis plant.
Now, with more countries poised to legalize cannabis, the CBD market is definitely set to expand, which is great as there are so many benefits to CBD, so hopefully it will be more accessible to people on sites like thecbdconnect.co.uk soon!
3. The CBD Market Is Already Booming, But the Industry Is Still Untapped
According to the latest research, the CBD market is set to hit $20 billion by 2024 in the US alone. The study relied heavily on the range of CBD products that are presently sold around various pharmaceuticals, licensed dispensaries, and other specialty shops around the world.
The CBD industry is arguably the most lucrative of all the herbal extract markets out there. However, it’s interesting to note that most investors aren’t keen on tapping into this market. That’s ostensibly due to the complicated legalities around the manufacture and use of cannabis extracts. Such investors are unable to distinguish between hemp-derived CBD (which is mostly legal) and marijuana-based CBD (whose legality varies by jurisdiction).
Why not capitalize on that confusion and ignorance to set up a CBD store today?
4. CBD Is Accepted Across Many Industries
Admittedly, CBD has always been used to treat conditions that manifest in pain, anxiety, and inflammation.
Examples of these disorders include:
- Multiple Sclerosis;
- Post-traumatic Stress Disorder, and;
- Inflammatory Bowel Disease.
But besides its popularity in the health sector, more industries are now mainstreaming CBD use. For instance, we now have CBD-infused creams in the beauty and skincare industry, CBD-infused drinks in the sports supplement industry, and CBD edibles used in the food industry. The best part is,most of these products are useful for our pets too. There are sites that provide every type of CBD item imaginable to make it easy for consumers to find their preferred products.
5. Wider Availability
This point ties closely to the fact that more industries are mainstreaming CBD-based products. Initially, CBD and other cannabis extracts were almost exclusively available in licensed dispensaries and pharmaceuticals.
However, times have since changed, and you can almost always find CBD products in a store down the block. Besides dispensaries and pharmacies, other popular places to find CBD include smoke shops, local cafes, bars and restaurants, grocery stores, gas stations, etc.
Also, most retailers have online outlets where users can seamlessly shop for the product and have it shipped to them. Buyers only have to locate a reputable store, such as Weedsmart, that deals in high-quality, lab-tested CBD products. The easier it is to obtain CBD, the higher the number of users, and the more lucrative the market.
- CBD Consumers Are Enlightened
One of the top reasons to hop on the CBD trend is that CBD users are a fairly enlightened lot. If you’re a businessperson, you understand the onslaught you have to go through explaining the utility of your products to consumers who might end up passing up the product anyway.
Well, these are not the kinds of hassles you’ll go through when you venture into the CBD market. When a buyer walks into your physical or online store, they’ve likely already settled on the CBD product they’re looking for.
Some buyers prefer CBD isolates, others use full-spectrum CBD, while those who are averse to THC often go for broad-spectrum CBD.
7. CBD Enjoys Immense Celebrity Endorsement
You can never discount the power of influencer marketing, and CBD enjoys its fair share of celebrity endorsements.
Whoopi Goldberg is one of the most notable celebrities to have endorsed CBD. She used vape pens for years to relieve stress, pain, and reduce the symptoms of glaucoma. When Morgan Freeman got into a grisly road accident in 2008, the ordeal left him with fibromyalgia, a condition that he has successfully managed with CBD and THC. Freeman is yet another outspoken crusader of CBD. The sensational hip hop artist, Snoop Dogg, has attributed his success in the music industry to his consistent use of CBD.
Other celebrities that have publicly endorsed CBD include; Melissa Etheridge, Seth Rogen, Montel Williams, Michael J. Fox, and Nate Diaz. All these endorsements serve one purpose â€“ raising awareness of CBD, which translates to a more profitable market.
8. Numerous Methods of Administration
One major challenge that CBD users often face is determining the right way to incorporate the compound into their lifestyles. There are numerous ways to consume CBD, and the choice of one method of administration over another comes down to your individual preference.
Some of these methods include:
- CBD oils and tinctures
- Topicals and creams
- Capsules and tablets
- Vape juices
- Edibles, such as weed gummies.
- Smoking CBD flower (Thanks Peter!)
While setting up your CBD store, you should give due consideration to the needs of your clients. For instance, if your clientele mostly comprises young children, you’d want to stock more CBD gummies.
There are obviously more reasons to jump onto the CBD bandwagon, and we cannot possibly exhaust them in one post. The top eight points we’ve highlighted above are reason enough to venture into the CBD market today and start reaping the fruits of this highly lucrative yet largely untapped industry.