CBD is one of the fastest-growing industry in the world. It is estimated to reach $1.8 billion by 2022 & forecasted to be a 23 billion dollar business by 2025.
CBD is one of the most prevalent active ingredients of Cannabis Plant and it does not contain any significant amount of THC, hence CBD doesn't get a person high instead, it helps to feel better.
CBD is popular for relieving pain, promoting relaxation, and lifting the mood. CBD has neuroprotective properties and is useful in resisting a variety of health conditions, such as:
The 2018 Farm Bill now permits industrial hemp, which makes hemp-derived CBD as legal and in most states of the United States CBD is legalized for Therapeutic process. Currently, there are 850 brands of CBD products in the US market and it is used in the form of different products,
Consumers are most likely to try CBD in the form of Oil & Tinctures, Topicals, Food, Beverages, Supplements, and Skin Care. Current total US CBD Consumer Sales in $813.2 million and is expected to reach $1,812 million by 2022. Colorado has 2,917 licensed Marijuana Businesses & 41,076 individuals who are licensed to work in the industry and has the highest Cannabis revenue, with over $1 billion.
CBD is popping up in a wide variety of products including oils, lotions, soaps, beverages and beauty goods. CBD products will continue to be accessible in mass retail outlets such as Pharmacy Chains, Department Stores, and Beauty Store.
“According to a report on 2019 Food Trends, CBD is expected to make its way into Yogurts, Soups, & Salad Dressings by 2020."
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