CBD is seeing exponential growth in the markets around the world. According to many experts, this growth is only the beginning, and that the sales of CBD products will continue to increase. The best CBD oil products have gained lots of attention from recreational consumers, those with medical issues, and other onlookers who have had minimal interaction with cannabis. While CBD as a whole has a somewhat jaded reputation, consumers are starting to understand the key differences that separate CBD products from others which may bring significant benefits.
How Pervasive Are CBD Products?
Depending on your state, you can purchase CBD products, e.g. CBD vape pen, CBD nose spray, edibles, tinctures, etc. at gas stations, dispensaries, pharmacies, and more. According to reputable research firm Brightfield Group, CBD product sales have increased by more than 700% in recent years. However, despite their popularity, there is a confusion about CBD oil products, e.g. how effective they are, who should use it, etc. But one thing is for certain; revenue potential and growth of CBD means these products could be the future.
The Future of CBD Products
The ever-increasing awareness of the therapeutic advantages of CBD will lead to an upsurge in the demand for CBD in food and beverages. This growing awareness is expected to help push the industry forward. CBD oil products like CBD nose spray, edibles, CBD vape pen, etc. are primed for expansion in the following markets:
CBD derived from marijuana
CBD derived from hemp
The 2018 Farm Bill, technological advancements, and recent development in the CBD industry have caused manufacturers and farmers to turn their attention to CBD commercialization because the path toward immense profits is becoming more and more visible. As the benefits of CBD become more accepted globally, funding for research and development is likely to increase as well. While the future of CBD products looks very bright, there are still several concerns.