The driving force behind the public shift in perception has been CBD’s ability to combat seizures. Many have heard about Charlotte’s Web, a high CBD, low THC strain, that came to prominence in 2011 for helping children with seizures.
Fast forward to 2018 and we now know that CBD is a great treatment for a variety of issues, from insomnia to acne. Now, there has been a rush for studies and more products from powerful CBD tinctures to skin care products.
One of the major discoveries has been that CBD is also a highly effective anti-inflammatory agent. Sufferers of fibromyalgia and acne have found that CBD gives quite a bit of relief. We are also learning these anti-inflammatory properties are also good for skin care and your workout regimen.
Many CBD users swear by the ability of this substance to help them sleep. There have been studies that show the endocannabinoid system can regulate sleep stability. Many doctors say its valuable to take CBD oil every day.
In 10 years time, the landscape of CBD will have exploded and all our lives will be improved for it. It’s certainly no wonder people are excited about the progression.
Because of all this action, there has been an explosion of market potential surrounding cannabis, and CBD specifically. Hemp-derived cannabidiol is projected to be a billion-dollar market in just 2 more years, according to a report by Brightfield Group. The data company estimated that hemp CBD sales had already hit $170 million in 2016 and a 55% compound annual growth rate over the next five years will cause the market to crack the billion-dollar mark.
Now, with Sen. Mitch McConnel introducing the Hemp Farming Act of 2018, there is a real shot of hemp and CBD blowing wide open. The Hemp Farming Act of 2018 aims to establish hemp as an agricultural commodity, protect state regimes, add crop insurance, and bolster research. And a main component of the bill is that it settles the debates about whether hemp-derived CBD-rich extracts are indeed legal:
“The term ‘hemp’ means the plant Cannabis sativa L. and any part of that plant, including the seeds thereof and all derivatives, extracts, cannabinoids, isomers, acids, salts and salts of isomers, whether growing or not, with a delta-9 tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis.”
Which would effectively legalize hemp and CBD