Everywhere you look today it seems you can find products that are infused with CBD, also scientifically known as Cannabidiol. CBD is a phytocannabinoid found in varieties of cannabis and hemp plants.
This compound, unlike the more popular THC cannabinoid, does not result in consumers feeling a psychoactive or intoxicating effect. It is also much more widely legal and accessible than psychoactive forms of cannabis, commonly misreferenced as marijuana.
CBD has grown so much in popularity over the past few years that analysts have made some pretty astounding predictions surrounding the future of the industry. Recent predictions were released that project the CBD market will be worth more than $22 billion by the year 2020.
Now if that isn’t just a perfect vision for the future of this sector.
Today you can find CBD infused into a plethora of different daily hygiene and beauty items. You can also find it in numerous different infused foods as well.
Some of the most popular CBD-infused items include lotions, salves, bath bombs, coconut and hemp oils, pet treats, and vape juices.
When it comes to food and beverages, you can find numerous different companies that are producing CBD-infused honey, CBD-infused teas, CBD-infused coffees, and CBD-infused granola/grain bars.
In recent months, there have also been some rather large companies who have announced that they are looking to merge into the CBD market as well.
Names such as Constellation Brands (the owners of Corona), Anheuser Busch (the makers of Budweiser), and the Coca-Cola Company are just a few that are observing the sector or have already made significant investments into ventures in the industry.
With predictions as large as this, it is only natural to expect that the number of big names we see coming out in support of this market is going to grow in the coming months and years. It is exciting to watch this new sector unfold right before our eyes.
It is even more exciting, however, to see just how many individuals around the world are living a higher quality of life thanks to CBD-infused products and this growing market.Posted: Thursday, September 27th, 10:00am 3 months ago
Ashley is a freelance cannabis writer and the co-owner of CannaLance. Her passion for sharing education and truth surrounding cannabis stems from a personal loss. Ashley has always had an elevated relationship with cannabis but it wasn't until 2015 that she turned that passion and relationship into a career as a cannabis writer.