A Look at the Future of the Hemp Industry

Move over, THC, there’s a new three-lettered term hitting the shelves and it goes C-B-D. Like its popular cousin, CBD is a chemical that comes from the cannabis sativa plant but produces benefits without the swirly, psychoactive effects to the mind. More than 1 in 4 Americans have tried CBD to relieve pain, stress, and anxiety. As it continues to affect different industries and making a name for itself especially in health and wellness, the CBD industry is projected to hit $20 billion by 2024.

Within the past two years, use of hemp CBD has spread across the generations. The wide variety of the hemp market is one way to make sure that there’s something for everyone, having uses in personal care, industrial applications, food, textiles, and supplements. Scientists still are unable to identify every single benefit that CBD targets in the body, but the possible medicinal benefits have still prompted many to incorporate the hemp oil into their healthcare. Some people use both their over-the-counter medicine and CBD products concurrently in their health routine, with 22% replacing their medicine completely. But without consistent regulations, proving the quality of hemp products can be a unique challenge.

The hemp industry is exploding due to the popularity of CBD. Learn more about the future of hemp business from the infographic below.