Insights
CBD Is Moving The Cannabis Industry Forward
CBD is moving the cannabis industry forward how? Let's get into some real details to answer it
Only because it won’t make you high doesn’t seems sufficient enough to prove it right?
Firstly, what is CBD?
Cannabidiol (cann-a-bi-dol) widely known as CBD and Tetrahydrocannabinol widely known as THC are two major cannabinoids of at least 113 found in cannabis plant, THC is the principle psychoactive constituent of cannabis. CBD doesn’t make you “high”.
Now, let’s start with addressing the elephant in the room, CBD being used for medicinal purposes.
If it seems like you're seeing CBD products everywhere, that's because you are. Thanks to the passage of the US Farm Bill in 2018, which legalized industrial hemp, and the legalization of medical and recreational cannabis at the state level, CBD products have exploded in availability and popularity over the last year.
A fine number of Potential patients and consumers might worry to try cannabis, because they’re worried about getting “high” but with CBD products, that risk gets noticeably reduced.
Studies suggest, CBD has many medical benefits which include:
- Chronic Pain
- Inflammation and arthritis
- Anxiety and depression
- Nausea or appetite loss
- Multiple sclerosis
- Crohn’s disease
- Epilepsy and seizures
The FDA (Food and Drug Administration) has also approved first prescription CBD drug, Epidiolex, for its efficacy in reducing epilepsy seizures.
Quick Fact: As per BDS Analytics, Over 20 countries have established medical cannabis markets and more are following suit.
Cannabis is still highly restricted federally in United States yet, 33 states do allow medical cannabis and/or the purchase of CBD products. Great news came with the 2018 Farm Bill which allows industrial hemp, making hemp-derived CBD legal.
Let’s get to the other side of CBD which is not only limited to medical purposes.
In a survey conducted on 4000 Americans, consumers are inclined towards wellness CBD products too for sports recovery, skincare and beauty. Consumers are also exploring recreational consumption of CBD like infused beverages, edibles, tinctures, oil and topical.
This kind of wide landscape of consumers is only going to help get more momentum to Cannabis industry and again proving the point, CBD is moving the cannabis industry forward.
Some research suggests that CBD may affect the “endocannabinoid system,” a series of receptors found throughout the body that seem to interact with various compounds in cannabis, including CBD, and some of which are related to feelings of anxiety and pain, or that help regulate the body’s sleep-wake cycles.
Quick Fact: CBD is also extracted from hemp plant, which has less than 0.3% THC.
According to the Brightfield Group, a market research firm specializing in cannabis expects the CBD market from hemp alone to grow to $22 billion by 2022, up from $327 million in 2017.
Yes! it shows no signs of slowing down: Sales of CBD products are expected to exceed $5 billion this year, a 706% increase over 2018, according to the Brightfield Group, a cannabis-focused research firm.
Bonus - 22 percent of people who took CBD for one of the health problems we asked about said it helped them replace prescription or OTC drugs, with more than a third of them saying they used it to replace opioids. And some researchers across the U.S. are now studying whether CBD (alone or in combination with THC) could be a tool in the fight against the ongoing opioid crisis.
Information and Image sources:
Disclaimer - The information contained in this article is for educational and informational purposes only and is not intended as health or medical advice. Always consult a physician or other qualified health provider regarding any questions you may have about a medical condition or health objectives.
About Cannabis Drinks Expo
Cannabis Drinks Expo is a must-attend event for those curiously eying the future of the burgeoning U.S. cannabis industry.
We also cover the key issues surrounding the likelihood and timescale for legalization to other countries, as well as the impact of legalized cannabis on the traditional alcoholic and non-alcoholic drinks markets globally.
Who should Visit?
Cannabis Drinks Expo promises to be relevant for anyone involved in the development, production, distribution and retailing of cannabis and related products. It will also provide a vital networking opportunity for political analysts, medical experts and those involved in the development and implementation of legalized cannabis into new markets.
Attend Cannabis Drinks Expo in preferred city
Who should exhibit?
If you’re serious about the cannabis drinks category, we’re still keeping it as real as ever. At Cannabis Drinks Expo, our goal is to empower you with knowledge, network, and platform so you can grow and build your cannabis drinks business. CDE is where you will find cannabis brands and suppliers who are serious about building their business in this category exhibit.
Exhibit in preferred city
Potential exhibitors include (but not limited to): Medical marijuana producers, Cannabis growers, Cannabis producers/ product developers, Cannabis processors, Cannabis distributors/transporters, Wineries, Breweries, Distilleries, Branded drinks companies, Drinks manufacturers/producers, Pharma companies, Equipments and service providers, CBD manufacturers, Marijuana-Infused products and edibles providers, Testing and laboratory services, Logistics and supply chain operators, Drinks distributors/wholesalers, Drinks importers, Lobbyists/ public affairs businesses, Political advisors, and more.
