It is hard to find someone who has not heard of CBD. The recent legalization of cannabis in many countries has brought many changes. In the past, cannabis was viewed as harmful by many people. The recent legalization of the plant made it possible for significant research to be done on it. Through this research, many potential benefits have been found. This caused many changes in how people view the plant. Now, many people are open to the idea of trying cannabis for its many benefits.
As of late, there has been a huge interest in the cannabis plant from both the media and the public leading to massive growth in the industry. With this, increased investment opportunities in cannabis and its products for both entrepreneurs and existing industries continue to grow tremendously. With this in mind, for keen investors, posabit has an interesting article here regarding the top 5 cannabis stocks to watch for in 2022.
Among the many cannabinoids of the cannabis plant, CBD is receiving a lot of attention. It has been gaining popularity with many cannabis users because of the health benefits it has. Dispensaries are popping up all over the country as states legalize marijuana and you can even find a reputable dispensary in Washington DC, our nation’s capital.
CBD Industry Is Growing Rapidly
The CBD industry is currently worth a lot of money compared to when it started. What has partially led to this growth is reputable companies like wccannabis and the fact that CBD is different from THC. What has made the marijuana plant quite controversial is THC. THC is among the cannabinoids found in the cannabis plant. It has a psychoactive effect on the users of marijuana. Many people tend to not like these effects, so they refrain from using marijuana. Unlike THC, CBD is not psychoactive. This has led many people to prefer using it rather than THC.
Most of the CBD in today’s market is extracted from the hemp plant. It is understandable for anyone to have a difficult time trying to differentiate hemp from marijuana. This is primarily because they tend to look and smell the same. Although they are both under the cannabis family, they are different. What differentiates them is the level of THC. A cannabis plant should have a minimal amount of THC for it to be classified as hemp. Because of the increasing demand for CBD, farmers are now cultivating hemp crops with a high amount of CBD. This has also led to the rapid growth of the CBD industry. More extensive research has been done about the rapid growth of the CBD industry, and here are the findings from detailed research.
Another reason why CBD products are currently in demand is all of the health benefits they have on the users. Many have described CBD to have solutions to problems that modern medications have failed to solve. CBD-based products have been credited in helping those with various illnesses like anxiety and heart-related diseases. As a result, there has been a rise in a new type of cannabis consumers. These types of users only prefer CBD products. This has created a new industry and CBD-products are filling the market.
CBD also has a good online presence. This has ensured that there is a wider demographic of CBD users, thus growing the market.
It is not too late to get into the CBD business since it is currently growing and has yet to reach its full potential. As time goes by, more countries are legalizing the use of CBD, thus the industry has more room for growth.