Everything to Know About CBD Industry

The CBD industry is fast growing with increased popularity in CBD products. Today, many people are using CBD products for various reasons. This article provides information on the current trends in the CBD industry.

People are becoming more open-minded to CBD products. Most of them are turning to CBD products for stress management, pain relief, and other therapeutic benefits. Many pharmacies and local industries now sell CBD products. New CBD products are being introduced every day. According to Global Market Insights, the Cannabidiol Market size accounted for USD 12.8 billion in 2021 and is estimated to grow with a 21.7% CAGR between 2022 and 2028. Rising awareness of the health benefits of cannabidiol (CBD) and its effectiveness in pain management & various other treatments is propelling the CBD industry growth.

What Is CBD?

Cannabidiol (CBD) is a naturally occurring compound of the cannabis plant. The cannabis plant has more than one hundred compounds known as cannabinoids. Tetrahydrocannabinol (THC) and CBD are the most popular cannabinoids.

Although CBD and THC come from the same plant, they are slightly different. THC is the main psychoactive compound that causes euphoric effects in cannabis. Unlike THC, CBD is not psychoactive. It doesn't produce any mind-altering effect and is therefore considered safe for consumption. Until recently, THC has been the most used cannabinoid. It managed conditions such as PSTD, diabetes, epilepsy, and cancer-related symptoms. CBD seems to overtake THC in the medical industry. Besides its non-intoxicating nature, CBD contains anti-inflammatory and anti-oxidation properties that may help treat several health conditions without causing any effect on the mind.

How Does CBD Work?

CBD influences the body’s endocannabinoid system (ECS).  The ECS controls most of the bodily functions including the brain-signaling system, immune system, mood, memory, energy levels, hunger, and pain, among others. The system is made up of enzymes, lipids, and receptors. CBD binds with these receptors to produce different effects (Corroon & Felice, 2019).

Health Benefits of CBD

Pain Management

The cannabis plant has been used to relieve pain since 2900 BC. Evans (2020) suggested that CBD may be effective in treating different types of pain including nerve pain, back pain, and pain related to arthritis and other health conditions

Cancer-related Symptoms

According to Legal (2022), CBD may provide relief pain related to cancer as well as side effects related to cancer treatments including vomiting, and nausea.

Neuroprotective Properties

According to Maroon (2018), CBD has neuroprotective properties and can be used to manage neurological disorders such as Parkinson's disease, Alzheimer's disease, multiple sclerosis, neuropathic pain, and malignant brain tumors.  CBD can also manage psychiatric and mood disorders such as anxiety, addiction, depression, and schizophrenia.

Heart Health

Heart-related illness is one of the main causes of death today.  According to Jain (2020), CBD can help treat high blood pressure that may lead to fatal heart diseases and stroke. The cannabis derivative also reduces stress and anxiety which help your body maintain lower blood pressure thus improving your heart health.

Skin Health

According to Baswan et al (2020), topical application of CBD may be effective for skin nourishment and overall skin health; it treats conditions such as acne, dermatitis, eczema, pruritis, and other skin infections.

Types of CBD Concentrates

CBD comes in three spectrums;

• Full-spectrum CBD- contains all components of the cannabis plant with less than 0.3% THC.
• Broad-spectrum CBD- It contains some of the compounds of the cannabis plant with trace amounts of THC.
• CBD Isolates- It only has CBD and no other cannabinoid. CBD isolates are THC-free.

Products Available in the CBD Industry

CBD products are available in different forms including oils, vapes, gummies, edibles, and topicals. The products are also available in form of capsules and pills.

CBD Oils

The CBD oils contain CBD and carrier oils such as olive oil, hemp oil, or coconut oil.

CBD Topicals

CBD topicals are meant for the skin. They include lotions, creams, and other skincare products such as bath bombs and bath salts.

CBD Edibles

CBD edibles are available in gummies, beverages, CBD-infused foods, and cookies.

CBD Vapes

People inhale CBD vapor using vape pens. Vaping is the fastest way to absorb CBD into your bloodstream for effective results.

CBD Capsules

Capsules and pills contain premeasured doses.

The Future of CBD Industries

More CBD Brands

Currently, there are many sellers of CBD products. As the popularity of CBD increases, so is the number of CBD brands and vendors. Consumers can now choose from a wide range of CBD brands. Many vendors have online and in-person purchasing.

People are Becoming More Aware of CBD Products

The stigma associated with cannabis-related products is rapidly fading off as people become more aware of the CBD products. The majority are now turning to this natural medicine for its healing properties. Currently, the cannabis derivative is a subject of many clinical studies. Learn more about can you take cbd with alcohol?

Competition

As CBD becomes more accepted, a lot of brands are also beginning to create their own CBD products. Small-sized CBD retailers face competition from national and international brands. This means that brands need to improve their products to counter the stiff competition. Learn more about is cbd safe for driving?

Legalization

Recent trends show that most countries are modifying regulations concerning the legality of cannabis products. The trend suggests a wider acceptance of cannabis products, especially hemp and marijuana. There is little to no opposition to legalizing CBD products. 

Conclusion

The CBD industry is fast growing. Additionally, the stigma for cannabis-related products is also fading away. People are now embracing CBD as a natural alternative to manage their health conditions. Most national and international brands manufacture CBD products creating a competitive market. Besides, many countries are now modifying regulations concerning the legality of cannabis-related products and accepting their use. Hence, CBD’s future appears bright.

References

Baswan, S. M., Klosner, A. E., Glynn, K., Rajgopal, A., Malik, K., Yim, S., & Stern, N. (2020). Therapeutic potential of cannabidiol (CBD) for skin health and disorders. Clinical, cosmetic and investigational dermatology, 13, 927.

Corroon, J., & Felice, J. F. (2019). The Endocannabinoid System and its Modulation by             Cannabidiol (CBD). Alternative Therapies in Health & Medicine, 25.

Evans, J. (2020). The Ultimate Guide to CBD: Explore the World of Cannabidiol. Fair Winds             Press.

Jain, S. The Top 3 Potential Benefits of CBD Oil.

Legal, I. C. (2022). The Top Health Benefits of CBD Oil–What to Know Before Using! Sign, 68.

Maroon, J., & Bost, J. (2018). Review of the neurological benefits of phytocannabinoids. Surgical neurology international, 9.