Celebrities and famous personalities have jumped on the CBD bandwagon and are capitalizing on its increasing popularity.
Martha Stewart announced last year her intentions to start her own CBD line in partnership with Canopy Growth. Snoop Dogg already has his own brand Leafs by Snoop. And boxing legend, Mike Tyson, is literally on his way to starting his own cannabis farm.
CBD, or cannabidiol, is a cannabis-derived product that is naturally found in marijuana plants, but sans the “high” effect that its counterpart, THC, has.
Why Should You Consider Investing in CBD Oil?
It is legal in all 50 states.
Well, most CBD oil, that is. As long as the CBD oil you are considering investing in contains less than 0.3% THC, then it’s perfectly legal to use.
When Donald Trump signed the Agricultural Improvement Act of 2018, also known as the Farm Bill, into law, things have changed for the better, at least for the CBD industry. The legalization of CBD oil use means it is now easily accessible to most people whether it is for consumption in Boston, Massachusetts or to start a shop selling CBD oil in Sandy, Utah.
The increase in CBD sales keeps going.
Back when there were only a few states that allowed the legal use of CBD, sales numbers were already at $108.1 million. In four years, by the end of 2018, sales had more than tripled with $358.4 million. The year 2019 saw the CBD industry break the $800-million mark. At this rate, the demand for CBD products will keep increasing which will result in even more sales.
Industries are now including CBD oil products as part of their expansion.
For the longest time, the only companies that utilize CBD oil are either marijuana shops in states where it is legal or in specialist dispensaries. Several industries, like cosmetics and the food and beverage industries, have now started to incorporate CBD oil into their own products and have plans to expand their lines to further utilize it. By keeping an eye on these industries and the movement of CBD oil, you can see how viable and feasible it is as both product and investment.
Different health benefits are discovered every day.
Perhaps the main reason why CBD has increased in popularity over the past several years is the numerous health benefits it brings. Some of its health benefits are:
Anxiety relief – CBD may help people manage anxiety by reducing stress, decreasing its physiological effects, helps improve post-traumatic stress disorder symptoms, and induces sleep for insomniacs.
Anti-seizure – CBD is being looked at as a treatment for people with epilepsy. A 2016 study worked with 214 people with epilepsy and found that overall, those who took oral doses of CBD oil had 36.5% fewer seizures in a month.
Cancer treatment – While research is still underway, some studies have looked into the role of CBD as a cancer cell-growth suppressant.
If you are planning to invest in CBD oil, given everything that is written above, now is the best time to dive in. The CBD market is now a lot more established compared to previous years and has a proven track record of significant returns.