CBD and CBD products have seen a significant rise in interest over the last few years, and this rise is due to a large to more research on CBD and more consumer-ready products that are slowly becoming available. Since CBD products are becoming not only more well known but more used by the public, this has led to predictions of CBD’s global market having the possibility of hitting $20 billion mark by the year of 2024(1). Some critical factors to this impressive growth will be explored in this article.
The legal framework for CBD and CBD products have gone through an extensive amount of changes since 2018. In 2018, The Farm Bill, which is also called the Agriculture Improvement Act of 2018, legalized the CBD products that have a THC level below 0.3 percent. This decision also made another critical decision to approve Epidolex, which is a drug that utilizes CBD. Epidolex can be used to treat children that develop a life-threatening type of epilepsy.
The success rate of this drug led many researchers to take a look into using CBD-based drugs to treat a variety of different symptoms in patients. The new and innovative drugs coming out based on CBD have led to a substantially increased interest in CBD products as a whole. These drugs range from treating forms of anxiety and insomnia(2) even to treat people that have post-traumatic stress disorder.
Since the Farm Bill was passed, more industries have begone to take a substantial interest in CBD products. CBD is now being used to create a variety of different products that you can find on LuViveCBD.com(3). Rather than being contained in the medical industry, CBD is being used in vaping, food and drinks, and even cosmetics.
In the food industry, there has been some coffee shops and breweries that have been adding CBD to their products to not only make them stand out but also to offer a significantly different experience to their products.
The cosmetic industries have taken CBD oils into a variety of different products; these products have been marketed that the inclusion of CBD leads to better overall skin health. This is primarily due to CBD’s own proven health benefits.
Another use case for CBD is the use of CBD oils to treat common health issues in both cats and dogs(4). This has become such common practice that consumers are now buying products for their animals that are laced with CBD oil to help calm down dogs with anxiety or for a variety of different health ailments.
Since researchers are looking into using CBD to treat an increasing amount of health issues, further studies have shown that CBD also has an antidepressant(5) effect because it affects the serotonin receptors in the brain. This has led to more overall interest in both the companies producing and creating CBD products but also in the consumer markets.
Many products with CBD are designed to help people with their anxiety, insomnia, or other health-related issues. These products have become popular because the people that suffer from these health issues may have tried other options with no success.
FDA Disclaimer – These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease.
Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical condition or prior to using any CBD products.