Celebrities Who Invested in CBD
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Table of Contents
- What is CBD, and Why Is It Worth Investing In?
- What Types of CBD Products Are Available?
- Why Is The CBD Industry Worth the Money?
- 15 Celebrities Who Have Jumped Into CBD Industry & Their Story
- Is CBD Legal?
- Why Are So Many Celebrities Investing in the CBD Industry?
- The Growing Public Interest in CBD Products
- The Social Acceptance of CBD and Related Products
- The Fast-Growing CBD Market
Many celebrities are not only utilizing CBD products; they’re also putting their money in the business, becoming investors. Some have also become spokespeople and champions for a business that’s ripe for the picking. While lots of us may be unable to do that, celebrities are distinct people and would tap into these types of opportunities.
The growing celebrity involvement in cannabidiol (CBD) is a reflection of society’s rising interest in the business, and it will help raise CBD’s global visibility and acceptance.
What is CBD, and Why Is It Worth Investing In?
Cannabidiol, commonly known as CBD, is frequently discussed in the media, and it may be recommended as morning coffee or a supplement to your post-workout smoothie. There’s even a CBD-infused sports bra and bedsheet on the market. But what is CBD, exactly? Why is it worthwhile to invest in it?
Cannabidiol or CBD (as it is commonly known) is a compound found naturally in the cannabis plant. CBD is distinctive from THC in that it is non-psychoactive and does not cause a “high” on its own. CBD is the second most common active constituent in cannabis (marijuana). While Cannabidiol (CBD) is an essential component of medical marijuana, it is either extracted directly from the hemp plant, a relative of marijuana, or synthesized in a lab.
According to a World Health Organization (WHO) report, “CBD has no effects in humans that suggest it could be abused or become addictive… To date, there has been no indication of any public health issues linked to the usage of pure CBD.”
Experienced investors are usually seeking outsized profits in specialized market sectors, whether it is cryptocurrencies, biotech, or, in this case, CBD.
The global cannabis market is expected to reach $50,251 million this year, with a CAGR of 26.5 percent during the forecast timeframe. North America has the largest share of the legal cannabis market and is likely to maintain its position throughout the forecast period. As a result, investors are starting to position themselves for the marijuana industry’s expected rapid expansion. Additionally, investing a percentage of a portfolio in emerging markets provides investors with the opportunity to beat the market and make decent returns.
Investors have indicated a strong interest in CBD as a result of the market’s rapid growth, and the amount of publicly traded equities has risen dramatically.
Nevertheless, some people may be hesitant to venture into CBD stock because of how new the market is. Cannabidiol is a newer available product on the market than marijuana itself, and lots of people are yet to know about its existence and usefulness. However, despite the fact that it is still a new market, it has shown stable growth and appears to be on the rise in the future, making it a worthwhile investment.
CBD or cannabidiol is a phytocannabinoid that was discovered in 1940. CBD is one of 113 cannabinoids found in cannabis plants, together with tetrahydrocannabinol (THC), accounting for up to 40 percent of the plant’s constituents. Medical studies on CBD covered research related to movement problems, cognition, pain, and anxiety as of 2019, but there isn’t enough high-quality proof that cannabidiol is helpful for these ailments.
Internally, CBD can be consumed in a variety of ways, such as inhaling cannabis vapor or smoke, taking it by mouth, or spraying it into the cheek with an aerosol spray. Cannabidiol is available in many options, including as liquid prescription solutions, capsules, CBD as the active constituent (no tetrahydrocannabinol [THC] or terpenes), dried cannabis, or as CBD-dominant hemp extract oil. CBD is claimed not to have the same psychoactive properties like THC, and when both are present, CBD may alter THC’s effects on the body.
What Types of CBD Products Are Available?
Types of CBD based on cannabinoid content
The CBD products on the market today can be divided into three categories: full-spectrum CBD, CBD isolate, and broad-spectrum CBD. Each of these groups has its own distinguishing qualities that set it apart from the others. Besides, each classification has its own set of benefits and drawbacks.
- Broad-Spectrum CBD
With the exception of THC, broad-spectrum CBD has all of the cannabinoids found in the cannabis plant. As a result, you have a good chance of reaping the benefits that each cannabinoid chemical has to offer while also knowing that you are free of any “high” effects caused by THC.
- Full-spectrum CBD
Full-spectrum CBD products are the most common on the market today. These are the ones said to have all other cannabinoids, fatty acids, and terpenes besides CBD found in the cannabis plant. This implies that full-spectrum CBD contains THC, the psychoactive ingredient found in the plant extract.
- CBD Isolate
CBD isolate is the third and final category of CBD products based on cannabinoid composition. CBD isolate, unlike a full-spectrum or broad-spectrum CBD product, does not contain the numerous cannabinoids found in the cannabis plant. It is made entirely of CBD, with no terpenes or beneficial fatty acids from the plant.
Types of CBD products based on consumption
CBD products can also be divided into categories based on the manner they are consumed. However, the ideal method of consumption is still determined by your preferences and needs:
CBD can be taken as capsules, which is a convenient method to incorporate CBD into your daily routine.
CBD can also be consumed as tinctures. To take these tinctures, you will need a dropper to administer a few drops of the CBD product beneath your tongue. However, the dosage you require varies depending on your situation, but if you just let the drops rest under your tongue for a few minutes, you can anticipate the effects of CBD right away.
Today’s market offers a wide range of CBD concentrates. Concentrates carry the highest dose of CBD compared to capsules and tinctures, and other types of CBD products based on consumption.
CBD products are now available in topical solutions, including creams, balms, lotions, and ointments, that can be applied externally. The majority of topical CBD products are used to treat skin diseases, including eczema and psoriasis.
Finally, you’ll find a variety of CBD specially formulated to be vaped. However, statistics indicate that many individuals no longer choose to vape CBD products since CBD vape oil appears to have a lower effect than other types of CBD, depending on consumption.
Why Is The CBD Industry Worth the Money?
The CBD industry, without a doubt, is booming. The business continues to attract new vendors and investors alike as more consumers become aware of the benefits of all-natural CBD products. The rise in consumer awareness of cannabidiol (CBD) health benefits, as well as shifting consumer perception and attitude toward CBD products, are some of the primary drivers fueling demand for these products; hence, their current worth.
CBD’s possibilities as a treatment for typical health issues like poor sleep and mild arthritis has sparked a lot of interest. CBD has also been mentioned as a possible treatment for even more severe physical and mental conditions like chronic pain, anxiety, and depression. Additionally, rising demand for CBD from a variety of end-user industries, including pharmaceuticals, personal care and cosmetics, and food and beverage, is likely to fuel demand growth.
15 Celebrities Who Have Jumped Into CBD Industry & Their Story
So, here are 15 celebrities who have dived into the CBD market, whether it’s utilizing their popularity, personal experiences to advertise a CBD brand or investing their wealth in the business;
- Mike Tyson
Mike Tyson is a former professional boxer from the United States who competed from 1985 until 2005. Tyson is regarded as one of the all-time best heavyweight boxers.
Mike Tyson’s public image has changed dramatically over the last few decades. One notable example is Tyson’s cannabis line called Tyson Ranch. Tyson Ranch features a line of CBD-enhanced products named Dwiink, a bottled, CBD-infused beverage with a label that plays off Tyson’s renowned lisp; and The Toad, a strong indica strain containing roughly 37 percent THC and 43 percent total cannabinoids. It’s only available at Tyson Ranch.
Ranch Companies, formed by Tyson and CEO Rob Hickman, manages Tyson Ranch. The once-dangerous boxer is now a regular visitor to the company’s headquarters in El Segundo, California, and is actively engaged in the business operations.
After becoming the youngest heavyweight champion in the history of boxing, at the age of 20, Tyson has battled with controversy both inside and beyond the boxing ring. He revealed to interviewers his first encounter with cannabis, smoking before a boxing fight, and how weed helped him become a better person.
- Megan Rapinoe
Megan Rapinoe is a well-known American professional soccer player, playing as a captain and winger for the United States national team and OL Reign of the National Women’s Soccer League. Megan is well-known around the world for her creative play style and activism.
The U.S. soccer star and Olympian has been advocating CBD products and their advantages for players at the Olympics.
In one email to Forbes, Megan Rapinoe explained how she utilizes Mendi CBD products and how they benefit her mind and body.
According to the soccer star, “CBD has become a component of my all-natural recovery system that I utilize throughout the day to aid with pain and inflammation, balance my mood, and get better sleep. Rather than consuming Advil or other pain relievers, I’ve been using Mendi CBD products almost exclusively.”
Rapinoe and her sister currently sell CBD products on their website to assist people in managing pain without the use of over-the-counter medications or prescriptions.
- John Legend
John Roger Stephens, better known by his stage name John Legend, is a singer, producer, and songwriter from the United States. Legend cooperated with famous musicians and signed to Kanye West’s GOOD Music label prior to releasing his debut album, “Get Lifted.” With his combination of R&B and soul music, the American pianist and singer-songwriter earned fame in the early twenty-first century.
For a long time, John Legend has chanted CBD’s praises. The singer-songwriter pushed his interest as a consumer in the industry to new heights by investing in a CBD brand called PlusCBD.
Legend said in a statement that he’s “been a believer in the benefits of CBD for some time.” John said he was lured to the Plus team because it is an innovative, family-run business that uses science to provide a consistent, high-quality product. He also expressed his gratitude for their commitment to setting a high benchmark in an industry that has been somewhat unregulated up to this point.
His responsibilities also include serving as a spokesperson for the company’s array of products, with a concentration on edible gummies.
Plus’s new CBD line includes Uplift, a grapefruit-flavored vitamin B gummy, Balance, a blueberry-flavored gummy, and Sleep, a blackberry tea-flavored melatonin gummy developed in collaboration with Casper, a sleep business.
- Whoopi Goldberg
Whoopi Goldberg (born Caryn Elaine Johnson) is an American TV personality, actress, novelist, and comedian. She is one of just 16 celebrities in history to win a Grammy Award, an Emmy Award, a Tony Award, and an Academy Award.
Whoopi Goldberg established her own CBD line, “Whoopi & Maya,” which provides products such as a balm, sipping chocolate, a bath soak, and herbal tinctures — a pain-relieving technique that the website claims has been utilized by the British aristocracy. All are laced with marijuana and are intended to alleviate period pain and cramps. Initially collaborating with Maya Elisabeth, founder of OM Edibles, the two launched their brand together in 2016.
Goldberg, who has been open about her marijuana usage, is one of a few Hollywood stars who have jumped into the CBD business. Goldberg claimed three family members and friends contributed money to her “Whoopi & Maya” company, and she will act as chairwoman.
Goldberg has already spoken up about her love of her kush-filled vape pen in 2014, claiming that it relieves her glaucoma-related migraines without requiring her to take handfuls of Advil day after day.
- Gwyneth Paltrow
Gwyneth Paltrow is an actress, singer, entrepreneur, singer, author, and model from the United States. She has won an Academy Award, two Screen Actors Guild Awards, a Primetime Emmy Award, and a Golden Globe Award.
Gwyneth Paltrow is an outspoken supporter of CBD. Her lifestyle brand Goop’s website, which features CBD, helped popularize and normalize its use in the health and beauty industries. Paltrow’s team also captured a first-visit timer’s to a CBD boutique and how the smart elite has CBD dinner parties and shares flavored cocktails.
Gwyneth Paltrow, the CEO and founder of Goop, is one of the latest Hollywood figures to invest in cannabis. Last year, the actress-turned-wellness expert revealed her support for Cann, a cannabis-infused beverage company.
Paltrow describes cannabis as “a hero ingredient of the future” for well-being. She says she was attracted to Cann’s cocktails, which are infused with modest levels of CBD and THC, as a tasty alternative to alcohol.
It is the first time Paltrow is talking about investing personally in the cannabis industry, though Cann isn’t the only brand she’s funded in the space. The Cann deal’s financial details were kept under wraps.
Cann makes adult beverages with tastes including blood orange-cardamom, grapefruit-rosemary, and lemon-lavender.
- Martha Stewart
Martha Stewart is a retail businesswoman, a TV personality, and a writer from the United States. She made a name for herself as the founder of Martha Stewart Living Omnimedia, which included broadcasting, publishing, e-commerce, and merchandising.
Martha Stewart has earned a fortune by motivating other people with her lifestyle advice. She chose to do something identical in 2019 by partnering with Canopy Growth Corporations, a cannabis firm based in Canada. Their initial cooperation will be a pet product line, with plans to expand into food and cosmetics in the future.
Stewart sees herself as a CBD early adopter who uses it in her daily wellness routine. She explained that developing her own product was a natural extension of her brand. Stewart, who was heavily involved in product creation, cited her kitchen and garden as sources of inspiration.
The Martha Stewart CBD product line is not the first celebrity-endorsed CBD product, and it was launched in an unregulated market with a crowded field of competitors.
- Alyssa Milano
Alyssa Jayne Milano is an actress, author, producer, singer, and activist from the United States. She is most recognized as a political activist for her role in the Me Too movement in October 2017 and as Samantha Micelli in Who’s the Boss?
Sanity Group, the producer of the famous German CBD brand VAAY, reported a follow-on investment from Alyssa Milano and the other US and European celebrities in December of last year.
Sanity Group, founded in 2018 by Finn Hänsel and Fabian Friede, is fully licensed and functional with two business units: Sanity Care, a consumer products business unit representing CBD-cosmetics brand “This Pl” and wellness brand VAAY, and Vayamed, a medical cannabis firm dedicated to the production of new pharmaceuticals and therapies
The Sanity Group sells CBD-based lifestyle and beauty goods under the labels VAAY and This Place. The subsidiary Vayamed GmbH makes medical cannabis accessible to patients, doctors, and pharmacists.
So, what is it about VAAY that makes it so appealing to celebrities? Is it because it’s vegan and cruelty-free, or is it just great marketing? In any case, it’s a very popular brand among the wealthy and famous for investing in. And Alyssa Milano, another star who has opted to support this fascinating company, can attest to this.
- Rob Gronkowski
Robert James Gronkowski, also known as “Gronk,” is an American football tight end with the National Football League’s Tampa Bay Buccaneers (NFL). He formerly played for the New England Patriots for nine seasons.
Since retiring at 30 in early 2019, the erstwhile All-Pro tight end has been a proponent of CBD. Rob Gronkowski revealed his collaboration with Abacus Health Products, the company of CBDMEDIC topical pain relief products, after retiring from professional football in March 2019. As a result of this action, Gronkowski became an ardent supporter of CBD as a way of helping athletes and individuals in pain.
Gronkowski credits CBDMEDIC’s use as a significant contributor in his decision to go back to football. Last year, he told interviewers that his personal experience led him to campaign for CBD products to be offered to both the general public and pro athletes. He said he is pleased to see policy changes across the board with sports organizations.
Gronkowski and Abacus have praised the remarkable changes in professional sports over the last few years, which reflect shifting attitudes and awareness about the use of CBD and hemp extract to treat a variety of health problems, such as pain management, which is a promising sign for CBD’s future role in sports.
Following Gronkowski’s desire to go back to professional football, Abacus and Gronkowski have confirmed that their commercial connection is still effective.
- Kourtney Kardashian
Kourtney Kardashian is an American TV personality, model, and socialite. She and her family first appeared on the reality show “Keeping Up with the Kardashians” in 2007.
Kourtney is one of the celebrities that has gotten into the CBD market, launching a CBD serum for consumers to use in their skincare routine, which she has personally experienced.
The world’s most renowned family of entrepreneurs has been a strong advocate of CBD. Regardless of how much Kim, Kourtney’s younger sister, loves CBD, it was Kourtney who was able to monetize it by integrating it as a constituent in her popular Hora x Poosh cosmetics brand, which launched in 2019.
Poosh advertises itself as a full-service wellness company. Its website offers the cosmetic line and a wide range of other products from different manufacturers geared toward healthy, calm, and sustainable living.
CBD may be used for a lot more than cosmetic, chemical formulae, according to Poosh.com. There is a section dedicated to the ingredient on the website, which lists its uses and benefits for the mind, body, and soul. Kourtney also lauds its antioxidant, soothing, and anti-inflammatory effects, as well as its function in regulating the production of collagen and shielding against external agents like the sun.
- Paul Pierce
Paul Pierce is a retired professional basketball player in the United States who spent much of his career with the Boston Celtics in the National Basketball Association. He was most previously a basketball analyst on ESPN’s The Jump and NBA Countdown.
Paul Pierce resorted to CBD a few years after retiring, stating that it helped him recover from a brutal stabbing incident in the early 2000s that left him with severe pain and PTSD for over ten years. Pierce, seeking an alternative, created his own CBD brand to assist others in finding further remedies for issues such as pain relief, trauma, and sleep aid.
Pierce launched “The Truth CBD Remedies,” a completely new cannabis line, in 2019. In a statement, he expressed his reasoning behind The Truth CBD Remedies. Pierce claims that he founded The Truth CBD Remedies to provide sportsmen and women with a product that they would love and fully trust. He also mentioned that he is committed to ensuring that athletes receive support prior to, during, and after the major event.
Pierce also stated that he believes cannabis helped him deal with the anxiety and sadness he experienced due to the stabbing incident in 2000. He wants to assist other athletes who have experienced wear and tear or even trauma.
- Montel Williams
Montel Williams is a former TV host, an actor, and a motivational speaker from the United States. He is best known for hosting The Montel Williams Show, a long-running daytime tabloid talk show in syndication from 1991 to 2008. On Lifetime, he now hosts Military Makeover: Operation Career.
Montell Williams was diagnosed with multiple sclerosis (MS) in 1999 and turned to cannabis to aid with stiffness, pain, and other symptoms. Today, Williams has chosen to collaborate with companies such as Lenitiv Labs and Cura Cannabis, who produce Montel’s personal line of CBD products.
Three years ago, the visionary Portland-based company released a statement that it had begun the production of Lenitiv Labs’ hemp-derived CBD capsules and is available for order and shipment throughout the country.
According to Montel Williams, Lenitiv’s CBD capsules ‘Alert’ and ‘Relax’ are 100 percent free of THC, the psychoactive ingredient in marijuana that causes much or all of its effects. The mixtures are also said to contain hand-selected terpenes that can help with pain management, anxiety, inflammation, depression, and memory retention, depending on the situation.
- Bella Thorne
Annabella Avery Thorne is a model, actress, and singer from the United States. She began her career as a child model and actress, appearing in over 20 films and television shows and over 60 commercials.
Bella is a big supporter of CBD and isn’t shy of talking about it; cannabis has long been a part of her own wellness routine.
Bella teamed with the Glass House Group to develop a new line of CBD products named Forbidden Flower.
The brand has been a smash hit in all of the retail locations where it has been offered across California. Thorne personally selected everything involved in the formulation of Forbidden Flowers, and the whole product line was created in Glass House Group’s cutting-edge facility in Santa Barbara. The result is a full line of hybrid flowers, indica, and sativa in various presentations.
Bella Thorne is a huge fan and champion of CBD products, claiming that it helped control her anxiety. She is actively handpicking products for the brand to market to assist other people in handling their anxiety.
- Ricky Williams
Ricky Williams is a former American football running back who spent one season in the CFL, 11 seasons in the NFL, and four years in minor league baseball with the Philadelphia Phillies.
The former Texas Longhorns icon and Heisman Trophy winner discovered one thing holding him back during the peak of his NFL career: his regular marijuana use. Ricky Williams resorted to holistic resources for relaxation and healing, so his history no longer haunts him.
After years of lobbying for the normalization and legalization of cannabis usage, he founded his own cannabis brand, Highsman, which is a play on words with the Heisman award he got in 1998. The brand presents a number of cannabis products for “an herbal approach to everyday wellness.”
There are three strains in the first cannabis lineup: an indica, a sativa, and a hybrid.
Williams was suspended twice for marijuana use throughout his professional football career.
Beyoncé is an actress and singer from the United States. As a child, Beyoncé competed in a variety of dancing and singing competitions. She rose to stardom as the main singer of Destiny’s Child (one of the best-selling girl groups of all time) in the late 1990s.
Beyonce is another huge supporter of CBD, and she isn’t shy to talk about it openly. The R&B singer told interviewers that she found CBD on her last tour and has felt its pain-relieving and anti-inflammatory properties. Beyonce went on to say that CBD relieved her sleepless nights and the stress that comes with being unable to sleep.
The American actress discovered relief not only from CBD but also from the medicinal powers of honey, from which she and her children benefit. She was so pleased that she decided to start a hemp and honey farm.
This is not the first time the R&B star is advocating for the cannabis market. Last year (2020), Beyoncé’s nonprofit, BeyGood, teamed up with the National Association for the Advancement of Colored People (NAACP) to award The Gift, a Maryland-based cannabis firm a sum of USD 10,000 grant to help Black-owned businesses impacted by the Coronavirus pandemic.
- Snoop Dogg
Snoop Dogg (born Calvin Cordozar Broadus Jr.) is a popular American rapper, actor, TV personality, songwriter, and businessman. His career began in 1992, when he appeared on Dr. Dre’s debut solo single, “Deep Cover,” and then on The Chronic, Dre’s debut solo album.
Snoop Dogg is well-known for his music, but we all know that he is just as famous for his favorite pastime: smoking marijuana. The American rapper and entrepreneur launched his own line of cannabis products called “Leafs By Snoop” in 2015 with Tiffany Chin, his co-founder.
Since the launching of Leafs by Snoop, the rapper, whose name is linked with marijuana, has significantly improved his cannabis game. He also founded Merry Jane, a media venture offering CBD products on their e-commerce website.
Gummies (foods laced with cannabis extracts), concentrates, and hand-weighed marijuana flowers from the rapper’s trademarked line of cannabis products are currently available in many recreational and medical shops in Colorado, which approved recreational cannabis usage in 2013.
Is CBD Legal?
CBD is widely available throughout most parts of the United States, despite the fact that its legal status has been in flux. The Farm Bill of 2018 made hemp legal in the U. S., making it nearly hard to keep CBD illegal — it’d be like legalizing oranges but prohibiting the usage of orange juice.
However, understanding the distinction between marijuana and hemp is critical in understanding the legal status of CBD products. Hemp-derived CBD products are now lawful on the federal level, thanks to the 2018 Farm Bill. Hemp was reclassified as an “agricultural commodity” instead of a Schedule I substance under the bill.
One of the typical misconceptions regarding this bill is that it legalizes all CBD products, whether they are made from marijuana or hemp. This, however, is not the case. CBD is a Schedule I substance, which means it is banned, according to the DEA.
Nevertheless, if the CBD is extracted from hemp and meets all of the requirements outlined in the 2018 Farm Bill, it is no longer classified as a Schedule I substance and is therefore legal.
For a CBD product to be lawful, it must be made from hemp, contain less than 0.3 percent THC (the psychoactive compound that causes “highness” from taking cannabis), and follow shared state-federal regulations.
Why Are So Many Celebrities Investing in the CBD Industry?
Many famous and high-profile celebrities have put their significant wealth into the CBD market in recent years. It’s getting more typical to see stars from all around the world get involved in CBD.
So, why are so many celebrities embracing CBD?
- Health and Wellbeing
CBD might be beneficial to your health. Although the body contains some naturally occurring CBD, the pharmaceutical CBD available on the market is not one of them. CBD may help you feel better, lower your risk of disease, enhance your mood, alleviate anxiety and despair, and even increase your energy levels.
For most people, the primary motive for purchasing CBD is its health and therapeutic benefits. Besides the claim of helping to treat medical conditions, CBD may also be utilized to improve wellbeing by supporting the body’s chemical equilibrium, also referred to as homeostasis. This has made CBD more available to a broader range of older and younger consumers and has aided in the growth of interest.
- Natural Alternative
One option that is getting a lot of attention is the usage of all-natural cannabidiol (CBD) products as a plant-based alternative to synthetic prescription medications. CBD may be a viable alternative for patients who suffer from chronic pain and depend on drugs like opioids, which can be addictive and have several adverse effects.
Because these medicines are often advertised as not containing THC (the psychoactive element in cannabis), they may offer relief without compromising a user’s normal mental functions. CBD-containing products, such as those produced recently by Marijuana Company of America (MCOA Profile), could be a realistic alternative to synthetic pharmaceuticals.
- Different Options of CBD Products
CBD is available in a wide range of options, making it possible for anyone to choose how to use this highly beneficial product. On the market, you will find CBD in varied options like oil, cream, balm, tinctures, lotions, etc.; hence, offering you the opportunity to choose how you prefer consuming it.
Vaping CBD e-liquids is yet another popular method of administering CBD, and it provides the most bioavailability. Besides, CBD gummy sweets, CBD tablets, and even more bespoke CBD coffee syrups are now available from a variety of CBD manufacturers.
- Environmental-friendly option
Sustainability is the one word that people all around the world are talking about right now. As the impacts of global warming and climate change become increasingly apparent, everyone has become more aware of the environmental consequences of their behavior. The agricultural sector is the largest source of global emissions, of which cannabis is included.
CBD is found naturally in hemp, a material that environmentally-minded people have historically favored.
Growing hemp for industrial purposes has been shown to have a favorable impact on the environment, particularly in comparison to other crops. Hemp production can have environmental advantages such as absorbing CO2 in a greater volume than trees and even helping to renew soil due to its deep roots and short 16 weeks growth time.
The Growing Public Interest in CBD Products
There’s no arguing about it: CBD is extremely popular. The public’s interest in it has soared. What began as a curiosity among health practitioners has grown into a nationwide phenomenon. It’s also no longer limited to oils and tinctures. Coffees, cosmetics, bedsheets, bath bubbles, and even dog treats are among the crazy CBD products available.
The rising de-stigmatization of cannabis may be contributing to the increased interest in CBD products. CBD is also touted as a treatment for depression, anxiety, and post-traumatic stress disorder. It’s also often advertised as a sleep aid. Furthermore, CBD is said to be “non-psychoactive,” meaning that users can benefit from the plant’s medicinal effects without becoming high.
Another reason for the public’s fascination with CBD products is that they might provide a natural alternative to many prescription medications, like sleeping pills and painkillers. This can result in less unpleasant side effects and make it easier to use as required.
The Social Acceptance of CBD and Related Products
As the various claimed health benefits and safety of CBD products have become apparent to most people, an increasing number of people are becoming fans of the product. Society’s acceptance of CBD can also be linked to the preliminary WHO report, which claims that naturally occurring CBD is safe and well-tolerated in people (as well as animals) and is not linked to any detrimental public health impacts.
CBD, a non-psychoactive compound contained in cannabis, does not cause physical dependence and is “not connected with misuse potential,” according to experts. The WHO also stated that, unlike THC, CBD does not cause people to become high.
Furthermore, several CBD-based products have hit stores after the 2018 Farm Bill legalizing hemp farming was passed into law, skyrocketing social acceptance beyond conception.
In a nutshell, CBD products are here to stay, and their popularity and acceptance will only continue to grow among the general public.
The Fast-Growing CBD Market
The cannabidiol (CBD) market has exploded over the last few years, transforming into a multibillion-dollar sector seemingly out of nowhere. CBD’s potential for health and well-being, a topic that many researchers are now investigating, has fueled this increase. Besides, businesses have taken the opportunity to provide consumers with the benefits of cannabis without a few of the other concerns commonly connected with the drug, such as getting people high.
If the last several years have been rewarding, the future for CBD appears to be even better. The global cannabidiol market was worth $ 2.8 billion in 2020, and it’s predicted to increase at a 21.2 percent compound annual growth rate from 2021 to 2028. Due to its therapeutic characteristics, the demand for CBD for health and wellness applications is high and keeps soaring, which is a key factor driving the market growth. Additionally, increased product acceptance and use as a result of regulatory approvals are likely to improve CBD-infused product production.
Furthermore, as per a Statista report, sales of CBD products in the United States reached USD 4.6 billion in 2020, and by 2026, this market is predicted to hit USD 16 billion in value. According to the report, growing awareness of cannabidiol’s potential therapeutic benefits has influenced consumers to purchase CBD products irrespective of their price. As a result, many commercial retailers, particularly health and wellness stores, are now concentrating on selling CBD products as they often have a higher profit margin.
One thing is for sure: CBD has dominated the world of contemporary society. Because of all of its reported health benefits, this all-natural extract is quite popular among the self-care community. With celebrities as well-known and diverse as these joining the cannabis sector, there’s no denying it’s on its way to A-list rank. Stars putting money into CBD appears to be a trend that isn’t going away anytime soon.