CBD is now famous for its wonders and benefits to our health. However, not everyone in the world is 100% knowledgeable about CBD. It is always rewarding to know and discover the details of an interesting and valuable thing. When it comes to CBD, learning its past and appreciating its present status will pave the way for building a track to identify its potential in the future.
An Interesting Glimpse to CBD’s Journey Way Back
Looking back, CBD has undergone a controversial yet meaningful journey. From its benefits to legalization in the country, it would be fine to say that it has come a long, long way.
CBD or cannabidiol is a chemical acquired from the Cannabis Sativa genus, commonly known as hemp or marijuana. The cannabis Sativa family has over 80 compounds, known as cannabinoids.
The main ingredient in marijuana is the delta-9-tetrahydrocannabinol (THC). On the other hand, cannabidiol is derived mainly from hemp. Hemp is known to contain minimal amounts of THC.
Its quality makes CBD an irresistible option for all walks in life. It can be used to aid in relieving stress and pain.
The introduction of CBD and its forms has been also a successful one due to its legalization in Canada. The positive views of Canada’s efforts are now paying off.
CBD Today: Facts and Stats
Nowadays, the world is already aware that CBD can help both humans and animals. The various research statements of the medical experts and the claim from its users can prove the effectiveness of CBD. Some of the known health benefits of CBD include:
- Relieving pain
- Alleviating cancer-related symptoms
- Relieving anxiety and depression
- Aiding in treating Alzheimer’s disease
- Managing mood-related disorders
- Treating Skin problems
- Reducing PTSD symptoms
- Having antipsychotic effects
- Alleviating seizures and epilepsy
- Lowering blood pressure
- Aiding indigestion
- Relieving nerve pain
- Reducing the risk of high blood pressure
- Decreasing the risk of diabetes
- Helping in preventing weight issues such as obesity
- And many more,
Healthline.com also supports the fact of how effective CBD is. In one of its published articles, Healthline mentioned that CBD might also have neuroprotective properties.
“Researchers believe that CBD’s ability to act on the endocannabinoid system and other brain signalling systems may provide benefits for those with neurological disorders. In fact, one of the most studied uses for CBD is in treating neurological disorders like epilepsy and multiple sclerosis. Though research in this area is still relatively new, several studies have shown promising results. Sativex, an oral spray consisting of CBD and THC, has been proven to be a safe and effective way to reduce muscle spasticity in people with multiple sclerosis.”
There is a study that Sativex has also reduced spasms in 75% of 276 individuals with multiple sclerosis. These people are also experiencing muscle spasticity that is known to be resistant to some medications
Amidst the COVID-19 pandemic, the cannabis industry also feels its effect. A study published in Globe News Wire entitled, “Global Cannabidiol Oil (CBD Oil) Market 2020 | Growing Rapidly with Modern Trends, Development Status, Investment Opportunities, CAGR of 33.5%, Revenue, Demand and Forecast to 2026 Says Industry Research Biz”, mentioned:
“COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.”
Despite that, the report also pointed out that the Cannabidiol Oil (CBD Oil) market is expected to attain USD 3197.2 million by the end of 2026, having a CAGR of 33.5% during 2021-2026.
The CBD industry is a vast and interesting market to study. With all the benefits and advantages CBD can bring to us, it is a must that we enhance that knowledge to make the most of it.
A comprehensive guide about Cannabidiol and its regulation can be found here.
What Opportunities We Can Expect from CBD
Abel Anderson, a writer at Net News Ledger, shares that the CBD industry is showing evident potential and growth by 2025. An article authored by Anderson mentioned:
“Ernst & Young estimates that Canada’s legal CBD market will be worth 11 billion dollars by 2025. 54% of sales will be related to products derived from cannabis. This means that edibles, oils, and other derivatives will make up a sizable portion of the growing market.
Regulations governing derivative cannabis products were changed in 2019. Edibles, infused beverages, concentrates, vapes, oils, and creams were given the green light.”
He also stated in the article that the legalization of CBD in various forms created a way for companies to make investments in the booming CBD market. Included in these companies in Canada are HEXO, MediPharm Labs, Valens GroWorks, Canopy Growth, and Aurora Cannabis.
A newsletter features Technavio’s market research regarding CBD oil market. It stressed that the legalization of cannabis products is expected to further increase the growth of the CBD industry. It is anticipated that the CBD market will grow by billions of dollars during 2020-2024. This is mainly due to the various health benefits of CBD products, specifically, CBD oil. The report stated:
“The market is driven by the health benefits of CBD oil. In addition, the growing legalization of cannabis-based products is anticipated to further boost the growth of the CBD oil market. CBD oil products are known to cure various ailments in the human body. They have anti-inflammatory properties that help in alleviating chronic inflammation and pain in the body. It is also recommended by various physicians as a treatment for various chronic conditions such as fibromyalgia and multiple sclerosis. It minimizes the effects of drug withdrawal symptoms in individuals and helps them cope with mood swings, pain, insomnia, and anxiety. Such health benefits of CBD oil are expected to fuel the demand of the product, thereby driving the market growth during the forecast period.”
You can find the full report here.
The future of CBD and the whole cannabis industry is worth looking forward to. There will be more innovative ideas for the business as well as better information about its health benefits to people and animals.
