Deciding on the business to venture in is a decision many find themselves at crossroads. Some are investing in CBD for their health while some follow the employment path and others take chances on the business path. The CBD industry is bursting with potential, offering hope for both potential investors as well as patients. Many are trusting CBD to help alleviate the health problems they struggled with earlier.
Additionally, investors have hope of making overwhelming profits. Very few things compare to the feeling one gets after making investments that pay off. The success of a business is heavily dependent upon various factors. Some of these factors include the availability of the market, raw materials, and the legality of the business. You cannot go wrong with making your investment in the CBD industry.
Below are Some of the Areas Where You Can Invest in the CBD Industry
- CBD infused snacks and food
- Selling CBD medication and supplements
- Distributing and dealing in CBD products
- CBD network marketing
- Forming a partnership and cooperative
- Produce CBD products.
These are but some areas, there are other numerous areas you can venture in. Below are the reasons why it is a wise decision to invest in CBD industries:
1. CBD is widely legal
Friendly government policies are crucial to the success of any business, as this is the environment within which the company will operate. There has been a recent upsurge worldwide in the legalization of CBD and its various products. It is especially following the numerous research that serves to highlight the benefits of medical marijuana.
In 2018, the farm bill signed by Donald Trump legalized the usage of CBD derived from hemp or marijuana plant containing less than 0.3% THC. Thirty-three states already legalized the use of medical marijuana. The remaining states (17) passed laws permitting the use of the extracts from cannabidiol (CBD). For example, the FDA approved Epidiolex for the treatment of seizures and forms of epilepsy that start during childhood. It is mainly for patients with Lennox-Gastaut and Dravet syndromes, which are rare forms of epilepsy with only a few treatments.
Doctors still have the option of prescribing it for other patients. Epidiolex is quite expensive as estimates are that it will cost $32500 for a patient yearly to get this medication. Therefore, this creates a void for other pharmaceutical companies that may want to provide such drugs at a subsidized price. Many states already legalized CBD while others continue to follow suit.
Legalize IT And They Will Buy It
This means that there will be a positive influence on the economy. This is because more legalization means a broader market, both internationally and locally. Additionally, the wide market is advantageous in that there are states where the growing of industrial hemp and marijuana is legal. Many industries are taking advantage of this legalization to fill the market gap.
CBD is widely available to purchase in its various forms. For example, there are tinctures, edibles, concentrates, and topicals, such as lotions and gels. Because the CBD industry is still largely unregulated, it’s highly recommended to check out reviews from CBD product reviewers like the folks at Herbonaut. For those who want to try their hands on some new CBD products like CBD balms, then get this and try today.
2. The CBD Market Is Tremendously Growing
Investing in the CBD market has already started its growth journey, and it is a promising one. It is quite frustrating to make an investment that lacks stability. One of the reasons new businesses fail is the failure to observe the market trend. Well, with CBD, you are sure of making a wise choice. CBD offers numerous health benefits as compared to THC, its counterpart. Therefore, CBD has a broader market. Among the health benefits of CBD are:
- Less Stress from anxiety and depression.
- Relief from pain and inflammation.
- Relief from insomnia and sleep disorders.
- Help with acne and skin care.
Products like CBD capsules for anxiety, tinctures for pain relief, and many other varieties are now on the rise that people are looking to use. These benefits serve to promote the extensive usage of CBD. In 2018, the market for CBD products was around $591 million in the United States. This analysis is according to the Bright field Group. These analysts speculate that this industry will significantly flourish and be at a worth of around $22 billion (€19.93m) by 2022.
According to the Hemp Business Journal in 2017, the hemp-derived CBD on the market had a total worth of around $190 million. Speculations are the market may reach as much as $646 million by 2022. Many companies are offering CBD products in variety. This allows users to shop at online stores to get the best marijuana strains and CBD products from the comfort of their homes.
CBD For All People And Pets Too
What’s more, this industry encompasses people of all ages, the young as well as the elderly. The elderly can benefit from using CBD products in managing age-related problems, such as arthritis and insomnia. Pet owners are also part of this vast market as CBD is essential in the treatment of pet-related issues like stress, arthritis, and lethargy.
Some celebrities, such as Kim Kardashian, Whoopi Goldberg, and Jennifer Aniston, play a pivotal role in promoting CBD use. Kim Kardashian mainly came out in support of investing in CBD, saying she likes taking gummies before falling asleep. In celebration of her last born, she threw a CBD-themed baby shower. This, in a way, serves in convincing more people to use CBD, thereby extending the market as such celebrities have a broad fan base.
3. Intensive Research On The Benefits Of CBD Are Underway
Many organizations and research institutions have pooled their resources towards research for CBD. Day in day out, research undertaken highlights the benefits of CBD. With more scientifically-proven benefits, there will be more legalization. Furthermore, these studies will help clear doubts on the safety and benefits of CBD, meaning the CBD industry is here to stay.
The fact that these benefits are backed by science eliminates the chances of CBD being considered a harmful product. CBD is non-psychoactive, meaning that it will not give you the ‘high.’ Additionally, CBD does not present any user-dependency problems to the users, according to the World Health Organization.
Investing in CBD Conclusion
When it comes to the business world, it is mostly about taking chances and taking risks. However, by making some considerations before investing in CBD, you stand an opportunity to minimize these risks. One of these considerations is the level of business growth.
Additionally, get a strategic point to start your business.
On the other hand, if you are planning to make investments in already existing businesses, get companies that have a good reputation. Also, carefully choose the line of CBD products you wish to venture in. You must deal with products that are likely to deliver better gains. Invest now before it becomes too expensive to do so, which may be good news years down the line as you scoop massive return on investment profits or sell your investments at higher bids.