The Potential of the CBD Industry has prompted many people to ask how to start a CBD Business
Still relatively new to the mainstream,
cannabidiol, more commonly known as CBD, is already becoming a household name.
CBD is one of more than 100 cannabinoids,
which are compounds found throughout the cannabis and hemp plants.
The purported therapeutic and health benefits of CBD,
one of many compounds found in cannabis and hemp plants, has created quite a buzz.
The most famous cannabinoid is undoubtedly tetrahydrocannabinol (THC), which is responsible for the
intoxication associated with the consumption of cannabis. CBD, however, does not produce an intoxicating
effect; instead, it is often lauded as supposedly offering therapeutic and health benefits, though research into
its potential medical applications is ongoing.
The growth of CBD oil products has been so immense,
in fact, that Industry Analytics predicts
the U.S. CBD market will reach $20 billion in sales by 2024.
CBD oil has entered the marketplace in the form of tinctures, infused edibles, topicals and more.
CBD is found in both cannabis and hemp plants.
CBD oil can be extracted from either plant and used to create CBD oil products.
Hemp and cannabis are closely related; in fact, industrial hemp is actually Cannabis sativa L.
The difference in name is mostly a function of a legal definition, which sets the threshold for THC content.
The key to gaining a competitive advantage with staying power in the CBD industry
is to develop a high-quality product
The growth opportunity in the CBD industry is unparalleled.
The cannabis industry is one of the fastest growing in the nation,
and CBD is one of the quickest growing sectors of that industry.
Now is the time to get in on the ground floor,
and to differentiate yourself with a quality product that stands out from the crowd.