How the CBD Industry has Changed Over the Years

Author: Jason Beverly

CBD is short for cannabidiol, a product extracted from the hemp plant. Hemp is closely related to marijuana, but is different in terms of properties and uses. The compound is believed to offer a lot of benefits not only for humans, but also for pets. If you’re wondering if CBD products can help you with your health issues and concerns, check out Rave Reviews for guides, reviews, and articles which can help with your decision-making.

woman-creating-cbd-distillate

Here’s a quick introduction into the background and future prospects of the CBD industry.

CBD Development

Hemp plant, from which CBD is derived, has been used for medicinal purposes for thousands of years. The first recorded case was in China, when the emperor drank cannabis-based tea to help with existing health issues, including gout, malaria, and declining memory.

Historians believe that Queen Victoria herself used CBD as a treatment for menstrual cramps. The hemp plant was eventually introduced in America when colonists started cultivating it to serve a range of purposes, from using the fibers to create paper, to using the extracts to treat various conditions and ailments.

In 1940, a group of researchers from the Illinois University isolated the compound. They’ve also found that CBD doesn’t have the same psychoactive qualities which are common to other cannabis compounds like THC.

CBD Regulations

With its introduction to the public, CBD started gaining a reputation for its pain-relieving properties that don’t generate the same side-effects as some of the common pain relief medications in the market. The Center of Medical Cannabis (CMC) lead the discussion on the research efforts and regulation of hemp products.

Here are some notable highlights of developments in the regulatory framework which led to the exponential growth of the industry:

  • The Agriculture Improvement Act of 2018 (The 2018 Farm Bill), which the US president signed into law on December 20, 2018, made CBD legal on a federal level. Today, CBD is legal in most states.
  • The Food and Drug Administration (FDA) has approved the supply of hemp-related products by several licensed commercial hemp growers and companies.
  • Epidolex, a CBD-derived oral solution, was also approved by the FDA for release into the market.

CBD Research

A lot of manufacturers and suppliers have made incredible claims about the medical effects of CBD products. The truth is, scientific research into many of these claims is still underway. If you’re looking for products that can really work as they’re advertise, you need to look into their claims more meticulously and check out CBD reviews to determine their effectiveness.

Some of the benefits of CBD that are backed by academic research are the following:

  • Alleviating chronic pain and reducing inflammation.
  • Managing the symptoms of cancer and the side-effects of chemotherapy
  • Managing nausea and sleeplessness
  • Helping with stress and anxiety
  • Treating epilepsy syndromes by reducing seizures
high-cbd-hemp-plants-grow-operation

Before using CBD products as a treatment for any medical condition you may be suffering from, it’s best to consult your doctor first. They’ll ensure you’re taking the right products and prescribe proper dosage.

Possible Barriers for Industry Growth

Today, the CBD industry is growing at an impressive rate. CBD products are now easily available online and from massive chain stores like Sephora or 7/11. While many experts believe that this trend will continue into the next decade, there are some challenges that the industry will have to overcome along the way.

Some of these challenges include:

  • High competition - While some business owners may think that the low cost of entry into the CBD industry is a benefit, market oversaturation is a real problem. Because the industry is poised for continued growth, more investors and entrepreneurs are entering the market. It’s possible that, in the next few years, businesses are going to find it hard to make their brand stand out from their competitors.
  • Confusion between THC and CBD - Many consumers and lawmakers are still uninformed about the difference between marijuana and hemp and their side effects. In fact, because the two are closely related, the negative market perception for cannabis products has also extended into the CBD realm.
  • Government regulations - Many countries still consider the use of CBD products as illegal. It's a major setback for manufacturers and sellers who want to expand their business into the global market.

Conclusion

The CBD industry has grown and will keep on rising in the future. The potential for high returns makes the CBD industry a very attractive option for many investors. However, because business owners still face considerable challenges and barriers when entering this market, there is no doubt that CBD products are here to stay.

Do You Develop a Tolerance to CBD?

December 20, 2019

Author: Jason Beverly Thanks to the surge in popularity of cannabis-based products such as cannabidiol (CBD), there has never been a better time to consider botanical therapies for myriad conditions and symptoms, or for general health purposes. Because of a shift in public sentiment along with growing political momentum, legal cannabis-based products no longer carry…

How CBD can Benefit Yoga & Meditation

September 29, 2020

Author: Jason Beverly The use of cannabis for purposes besides getting high is becoming more common. This is reflected by the fact that as of this writing, a total of 33 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands have approved medical marijuana/cannabis programs. In addition to treating certain symptoms of…

Benefits of Smoking CBG Hemp Flowers

September 19, 2020

CBD (Cannabidiol) has come a long way in the past 5 years. The Hemp Farm Bill of 2018 was a huge milestone and helped make hemp legal in the United States. This change is legislation expanded the CBD market significantly and also opened the floodgates for research of the other 100+ cannabinoids found in the…

8 Benefits of Smoking CBD Hemp Flowers

December 31, 2020

The whole CBD craze has definitely died down a bit since its first surge of popularity. Interestingly, it seems as though CBD consumers are moving to smoking high CBD hemp flowers instead of the traditional CBD tinctures or oil. But what makes this cannabinoid so popular in the first place, and why is it still…

A Dummies Guide to Using CBD Isolate In 2021

July 13, 2020

You work construction, or you took up running to lose weight. Maybe it’s some current activity, or arthritis, or the result of an injury you had a long time ago. Whatever the cause, the aches and pains you’re feeling are really bothering you. Over-the-counter pain killers aren’t helping much, and the only thing your doctor…

Cannaflower Review

March 18, 2021

I smoked Cannaflower for 5 weeks. Here’s what happened. Cannaflower is an American premium retailer of high-quality, organic hemp flower. As mentioned on their website, Cannaflower believes in “whole plant medicine”, as most of the benefits attributed to cannabis are made more available by consuming all of what the hemp plant has to offer: Cannabinoids,…

Things Runners Need to Know About CBD

April 17, 2020

Cannabidiol, or CBD for short, is a relatively new drug on the market that has shown to have some serious health benefits. Unlike the Tetrahydrocannabinol, or THC for short, CBD has no psychoactive properties and therefore, produces no high. What it does instead is only provide the user with numerous benefits. CBD comes in many…

Proper Canna Naturals CBD Review

December 2, 2020

My Three-Week Experience with Proper Canna Naturals Proper Canna Naturals offers various USDA-certified organic CBD products. On their website, their focus is on total transparency and accuracy. They promise constant updating and improving of their internal processes from farm to bottle. This is to ensure that consumers everywhere are getting the highest quality and highest…

Common Health Concerns CBD May Help With

August 12, 2020

Author: Jason Beverly Modern medicine indicates that Cannabidiol (CBD), a less psychoactive ingredient in cannabis or marijuana, has become a roaring success in the health industry. It shows great potential in the treatment of many common health issues across all ages by providing more natural means to remedy such health issues. However, leading a Complete…

US Military to Troops – All CBD Products are Banned

January 12, 2021

(Officer, United States Marine Corps) The 2018 Farm Bill made sweeping changes to America’s quest for long term self-sustainment; though the real benefit of the bill was the declassification of the hemp plant. Hemp, previously illegal due to the Marihuana Tax Act of 1937, has been a part of our nation since its inception and…

0 0 votes
Article Rating

About Jason Beverly

Jason Beverly is the Digital Marketing Director of The CBD Benefits, an informational website helping people learn about CBD. He's been researching, developing and writing about CBD & other cannabinoids for over 5 years. Jason uses CBD daily to treat for pain, anxiety and depression.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments