The sudden boom in the CBD industry has brought it in the limelight. The health benefits it endows to the users has made it popular among the masses. It has managed to grab the attention of not just the people suffering from certain ailment but also the pharmaceutical companies, media, investors and much more.
As per a few reports, the rate with which the popularity of CBD is increasing, it will touch 700% by the end of 2020. The market of CBD which was approximately $202 million last year is estimated to rise to $2.1 billion in the coming few years which is indeed an astonishing hike. This brings enthrallment to the people who are involved in the business of CBD and manufacturing of Cannabis infused products.
A recent study by CBDTrust.org claims that there are innumerable health benefits of CBD compound extracted from the hemp plants. Right from giving instant relief from pain and aches to curing severe medical issues like insomnia, arthritis, and epilepsy, CBD has come forward as a potent remedy for many ailments. Therefore, CBDTrust has made this compound available for people in the form of capsules, lotions, oil, and gummies to use.
Why Companies Are Investing In CBD
Investors and companies keep an eagle eye on things that can bring fortune to them. Products that can increase the returns and give lucrative deals have always been the foremost priority. CBD is one potent product which fulfills these criteria only to become their source of capitalization.
The industry of supplements has never seen havoc for any product like CBD. The products comprising CBD derived from the hemp plants particularly through CO2 extraction give immense health benefits. It is the major reason why these supplements are growing faster and gaining popularity at a more rapid rate.
Other than this, the demand for CBD products is always high. Since the time some of the best athletes have started voicing in their favor, people are coming to experience them as well. Seeing so much demand and popularity, CBD has become a center of attraction for the companies to put their efforts and money on it. It is not just the consumers but also the investors who are embracing hemp-derived CBD.
Why CBD Gain Sudden Hike
The hike in the popularity of CBD doesn’t happen overnight. It is the outcome of results obtained after intake of CBD products by the people. Those who are suffering from some major ailments get cured, and it made the compound accepted and liked by the masses.
Some of the significant health benefits of CBD include the following
- It aids in reducing the stress and lowering the feeling of restlessness.
- CBD lotions and creams help in giving instant relief from pain, ache, and soreness
- It can be used to aid in curing anxiety and depression
- It is effective against arthritis
- The compound helps in curing insomnia and sleep deprivation
- It reversed the sign of aging and beautifies the skin
These advantages may get the credit for the huge growth of this sector. However, the consumption and use of cannabis, being an illegal activity have kept it in a grey area. Therefore, the need for drugs which comprises CBD in its pure form with no THC is a must. Different
Companies are researching the innovating ways to extract and develop CBD infused products in diverse forms at affordable rates. It will help in getting more attraction of the consumers towards them and thereby more profit.
The legalization of cannabis has already gained momentum in the recent past due to the efforts of certain people. However, no matter whether it gets legalized or not, the industry is not going to experience the downfall in anytime soon.