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The CBD industry

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  • The CBD industry job development will increase by 21% by 2021
  • 27% of CBD users in the U.S live in the Western States.
  • Less than 1% of CBD is THC.
  • 62% of Americans think CBD should be legal.
  • 22% of CBD users replaced some of their medication with CBD.

At present, CBD is already gaining popularity among consumers. This is because manufacturers are introducing valid products to the market. The versatility of production is so vast that there are more than 150 CBD brands across the United States. Therefore, the awareness of the benefits of CBD is also increasing around the globe. Soon, the FDA will have to set clear regulations regarding the use of all the CBD-infused products, thereby allowing manufacturers to be diverse concerning supply. Soon, the CBD business will grow from managing small retail shops to operating big companies. This means that by 2021, a significant percentage of individuals will improve their living standards due to CBD-based employment.

https://www.digitalinformationworld.com/2019/12/20-cbd-facts-and-stats-infographic.html

While CBD products are popular, some U.S states are yet to legalize the use of CBD. Several states are hesitating to legalize CBD because the U.S Drug Enforcement Administration continues to classify CBD as a Schedule 1 Drug, thus unapproved for the use of medical purposes. However, surveys show that most Western states in the U.S have legalized CBD products, thereby increasing the awareness of hemp benefits. These are places that supply the best CBD brands. For that reason, folks from the Western state lead in CBD use by 25%. The South, Midwest, and Northeast states follow by an average of 18% to 20%. In States like California, Alaska, and Colorado, CBD is legal both medically and recreationally.

https://www.thestreet.com/lifestyle/health/is-cbd-oil-legal-14802001

The reason CBD use is becoming popular is that it contains less than 1% THC. Hence, cannabidiol is less likely and rarely causes addiction. Pure hemp products contain cannabidiol and THC in a ratio of 18:1. Note that hemp is different from Marijuana. Most Marijuana products that cause addition and mental complications contain high amounts of THC, say a ratio of 4:1 THC to CBD. CBD and THC have the same molecular structure. Nevertheless, the two compounds have atoms arranged in different ways. Thus, they have contrasting effects on the body’s endocannabinoid. THC binds with cannabinoid receptors in the brain and causes the “high” sensation. CBD is non-psychoactive; therefore, it does not produce the effects associated with THC.

https://supplements101.net/cbd-statistics/

While only 14% of Americans use CBD, 62% of American citizens think CBD should be legal. Between 2017 and 2019, the use of CBD products escalated because pure hemp has more to do with medical benefits than the “high” sensation. Currently, psychiatrists and psychologists normalize prescribing hemp-based medication for people having severe depression, anxiety disorders, autism, dementia, and schizophrenia, among other mental illnesses. Following health statistics, the National Institutes of Health approved the use of CBD in relieving symptoms associated with chronic pain, multiple sclerosis, arthritis, muscle pain, head injuries, and spinal cord injuries. Apart from that, cosmetic hemp products that are producing the desired results compared to other products that have lasted in the beauty industry with unsatisfying results. In brief, the U.S. citizens are witnessing the health benefits of hemp and think that it is an ultimate solution for family and friends having some health complications.

https://www.pewresearch.org/fact-tank/2019/11/14/americans-support-marijuana-legalization/

Currently, 86% of American citizens are aware of CBD though not all have tried it. Of the 14% of regular CBD users, 22% have tossed off some medication and replaced it with hemp. Hemp has 99% cannabidiol and 0.03 THC, therefore safe for medical use, as stated by the world health organization. Moreover, CBD is not associated with any side effects and withdrawal symptoms. According to medical statistics, the use of hemp for health purposes has helped reduce prescription drug expenditure in the United States. More so, hemp plays a significant role in improving clinical outcomes because more patients can afford CBD-based medication. According to evidence-based health records, CBD works faster than other prescription drugs because it is absorbed into the blood at a fast rate. This reduces patient visits to medical centers, which is one of the top goals of health experts.

https://hempindustrydaily.com/survey-finds-22-of-consumers-replace-otc-prescription-drugs-with-cbd/

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