Page 5«..4567..1020..»

Category Archives: Cbd Oil

Companies can’t say Delta-9 is in their food or drinks in SC | Business – The Post and Courier

Posted: January 27, 2024 at 3:56 am

Following the recent boom in products advertised as containing Delta-9, South Carolinas health department has issued a letter to the hemp industry warning that the substance isn't an approved food-and-beverage ingredient.

The new guidance is a far cry from outlawing cannabinoids in food and drink, but affects a budding industry that has sprung up to promote Delta-8 and Delta-9 seltzers as an alternative to alcohol. It will have a significant impact on how manufacturers do business in the state, and it raises concerns in the industry about consumer confusion and potential risk.

Delta-9 is the most prominent form of the psychoactive tetrahydrocannabinol popularly known as THC found in the cannabis plant. Delta-8 is a less common, less psychoactive form of THC.

For Matt Skinner, co-owner of Charleston's High Rise Beverage Company, clarity on Delta-9 has been long-awaited. He's glad to have it, though he said the agency's guidance on product labeling leaves much to be desired.

The Jan. 22 letter outlined the South Carolina Department of Health and Environmental Control's stance that full-spectrum hemp oil and hemp-seed derivatives are the only approved cannabis-based ingredients so long as they contain no more than .3 percent Delta-9 on a dry-weight basis, are food-grade and come from a certified supplier.

DHEC goes further, saying that product labels shouldnt declare that the product contains THC, CBD or Delta-9 though all of them naturally occur in hemp oil.

"They've stated that they don't want descriptive labels on the can," Skinner said. "The irony of this letter is that it poses consumer risk."

The agency asserts that by advertising these chemicals, the manufacturer is implying the product is no longer a food item, but a drug.

Delta-9 was federally legalized by the 2018 farm bill, so long as it appears in no more than .3 percent concentration on a dry-weight basis.

The law was silent on whether Delta-8is legal, which ledthe South Carolina Attorney General to issue a statement saying that it isnt.

The 2021 opinion has been the governing doctrine in the state despite lacking the legal weight of legislation.

DHEC's new guidance echoes the sentiment that Delta-8 THC is not permitted on its own as a food-and-drink additive, but it doesn't outright ban the chemical because it naturally occurs in legal hemp.

The Food and Drug Administration has said that it is illegal to sell any food or drink that THC and CBD have been added to in interstate commerce. Hemp seed and hemp seed oil, however, are FDA-cleared for food and drink products.

DHEC's letter affirms that that hemp seed and its derivates are allowed in the state. It adds that full spectrum hemp oil an extract from the cannabis plant can also be used as an ingredient so long as it is tested for and contains less than .3 percent Delta-9 THC.

Currently, companies like High Rise Beverage Co.and Rebel Rabbit,a Greenville-based hemp seltzer company, advertise the milligrams of THC on the can.

The guidance will prevent manufacturers from telling consumers exactly how much Delta-9 THC is in their products.

DHEC refers to the practice as "dosage instructions" that "gives the impression not of a food or beverage, but of an illegal drug, or of a food or beverage that has been poisoned by THC."

Skinner said without descriptive labels, consumers might not know what they're getting.

"We as a brand and people in the industry have a responsibility to tell people what's in these cans," Skinner said.

High Rise Delta-9 seltzers are photographed at High Rise Cannabis Dry Bar on Aug. 11, 2023, on James Island. The can design has since changed to reflect that it contains full-spectrum hemp oil. File/Andrew J. Whitaker/Staff

The letter doesn't address whether infused food and beverage products need to be labeled "psychoactive," though a DHEC spokesperson said no mention of psychoactive properties is required because "less than 0.3 percent Delta 9 THC is not a drug."

But a product can contain several milligrams of THC while still falling below the .3 percent threshold.

For this reason, both High Rise and Rebel Rabbit's websitescaution consumers that drinking their beverages might result in drug test failure.

Rebel Rabbit declined an interview request by The Post and Courier about the guidance. Instead, the company issued a statement to say it is "in the process of assessing the details (of DHEC's letter) and the potential impact on our business and the hemp industry of South Carolina as a whole."

The letter comes as DHECs Food Safety program, which oversees products like Delta-9 seltzers, plans to be absorbed by the states Department of Agriculture later this year.

Eva Moore, a spokesperson for the Department of Agriculture, said the oversight will transition on July 1.

As we work toward the transition ... we are planning and evaluating how to integrate all those programs into our existing ones, Moore said. I cant speak yet to how well handle a future regulatory role that we dont have yet.

Read this article:

Companies can't say Delta-9 is in their food or drinks in SC | Business - The Post and Courier

Posted in Cbd Oil | Comments Off on Companies can’t say Delta-9 is in their food or drinks in SC | Business – The Post and Courier

Global CBD Consumer Health Market Analysis & Forecast 2024-2034: Government Reforms and Growing Awareness … – GlobeNewswire

Posted: at 3:56 am

Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Global CBD Consumer Health Market Analysis & Forecast 2024-2034" report has been added to ResearchAndMarkets.com's offering.

The global CBD consumer health market was valued at USD 17.38 billion in 2023 and is projected to reach USD 109.87 billion by 2034, reflecting a compound annual growth rate (CAGR) of 18.25% from 2024 to 2034. The market is witnessing significant growth due to favorable government reforms, increased awareness of CBD health benefits, expanding legalization of hemp, rising demand for hemp-derived CBD products, and the adoption of Tetrahydrocannabinol (THC) for health benefits without intoxication. Additionally, the market is boosted by the recognition of various health benefits of cannabidiol, augmented marketing efforts, and the continuous launch of CBD consumer health products.

The rising launch of CBD consumer health products is expected to propel market growth, driven by the increasing utilization of CBD in various forms such as oils, capsules, topicals, gummies, and integration into food and beverages. The expanding role of cannabis in healthcare, particularly for medicinal applications, is contributing to the growth of the CBD consumer health market. Notable product launches, such as +PlusCBD Daily Balance THC-Free Gummies and Softgels by CV Sciences, Inc., exemplify the industry's commitment to providing consumers with wellness benefits.

In terms of product segments, nutraceuticals led the revenue generation in 2023, driven by the widespread use of CBD-infused nutraceutical products in weight management, sports nutrition, and overall health and wellness. Consumer preferences are shifting towards dietary supplements with organic ingredients, supported by positive government reforms and the introduction of new products, such as those by Medical Marijuana, Inc. Medical over-the-counter (OTC) products are expected to witness the fastest growth, attributed to the legalization of CBD products, resulting in increased sales for sleep disorders, dermatological treatments, and OTC analgesic products.

Among distribution channels, retail pharmacies held the highest revenue in 2023, driven by the accessibility of over-the-counter CBD medications and products in these establishments due to the legalization of CBD products. The convenience of online platforms is expected to contribute to the fastest growth in the online stores segment during the forecast period, as many companies have established online platforms for CBD product sales.

Geographically, North America is projected to dominate the market, with a significant revenue share during the forecast period. This is attributed to the high concentration of CBD companies, lenient regulations, increasing consumption, growing awareness of health benefits, popularity of CBD-based food and health products, and continuous product launches. In contrast, the Asia Pacific region is anticipated to experience the fastest growth, driven by rising awareness and acceptance of CBD's health benefits, particularly in treating various health conditions, coupled with initiatives by leading market players to introduce CBD products to the region. For instance, the partnership between Aurora Cannabis Inc. and MedReleaf Australia resulted in the introduction of CraftPlant, a medical cannabis brand tailored for the Australian market in February 2023.

CBD Consumer Health Market Analysis & Forecast 2023-2034 (Revenue US$ Billion) by:

Product

Distribution Channel

Region

Companies Mentioned

Key Attributes

For more information about this report visit https://www.researchandmarkets.com/r/b8sf55

About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Go here to read the rest:

Global CBD Consumer Health Market Analysis & Forecast 2024-2034: Government Reforms and Growing Awareness ... - GlobeNewswire

Posted in Cbd Oil | Comments Off on Global CBD Consumer Health Market Analysis & Forecast 2024-2034: Government Reforms and Growing Awareness … – GlobeNewswire

More people are using CBD products. There’s still little research on the benefits and risks – KPRC Click2Houston

Posted: December 16, 2023 at 2:05 pm

More people are using CBD products. There's still little research on the benefits and risks  KPRC Click2Houston

See original here:

More people are using CBD products. There's still little research on the benefits and risks - KPRC Click2Houston

Posted in Cbd Oil | Comments Off on More people are using CBD products. There’s still little research on the benefits and risks – KPRC Click2Houston

Naternal Review: Are These CBD Gummies & Oils Worth It? – mindbodygreen

Posted: at 2:05 pm

Author:

December 15, 2023

mbg Deputy Commerce Editor

mbg Deputy Commerce Editor

Braelyn Wood is the Deputy Commerce Editor at mindbodygreen. She has a B.S. in journalism from Northwestern University, along with a certificate in marketing.

Image by Braelyn Wood / mbg creative

December 15, 2023

As much as I'd love to be a chill person, I'm very aware that a zen state does not come naturally to me. I'm often a ball of stress, and it's very apparent to my coworkers, my roommate, and my Oura ring.

Knowing that regular stress can be toxic for your health, I'm always looking for ways to promote a more even moodand one of my go-to tactics is taking CBD.* I've tried more than a 50 different CBD products (and a few with other cannabinoids) in my quest to becoming a more ~relaxed~ human being.

While many products have promised stress relief, better sleep, and improved focus, I've found few live up to their promise. Family owned wellness brand Naternal is an exception.

The North Carolina-based hemp brand offers CBD gummies, oils, drinks, and topicals to support every element of your dayfrom relaxation and recovery to sleep and fun. I've spent the last month trying out a different CBD and Delta 9 products from the brand to see how my overall mood, sleep, and recovery was impacted.

Pros

Cons

Image by Braelyn Wood / mbg creative

First things first, I think it's important to clarify why I take CBD every day. Most of us are familiar with benefits of CBD, but very few of us understand how it actually interacts with the body.

Every single person has an endocannabinoid system or ECS. This cellular-level communication network helps maintain homeostasis in the body, which means it plays a role in every part of the human experience. Yes, that includes pain, mood, mental health, sleep, focus, appetite, and more.

Similar to other hormones or vitamin levels, the endocannabiniod system can get out of whack (which has been associated with various health conditions1 ). Consuming phytocannabinoids, like CBD, can support the overall health of your ECS or the "endocannabinoid tone2 " by interacting with the ECS to help bring the body back to a state of homeostasis.*

As clinical nutritionist Carl Germano, R.D., CNS, CDN previously told mindbodygreen, "A full-spectrum hemp product essentially acts like a multivitamin for the endocannabinoid system."

Needless to say, I consider taking cannabinoids an essential part of my supplement protocol, but I like to play with the different ingredients to find what works best for me.

Phytocannabinoids, like CBD, interact with the ECS to help bring the body back to a state of homeostasis."

Image by Braelyn Wood / mbg creative

As someone who spent the last year researching and editing CBD content, I was eager to test out Naternal. Not only was our vice president of scientific affairs, Ashely Jordan Ferira, Ph.D., RDN, familiar with the brand, but I liked the brand's ethos when it comes to Delta 9 products.

If you're unfamiliar, Delta 9 or tetrahydrocannabinol is a compound found in the hemp plant. Unlike CBD, Delta 9 can have psychoactive effects. And yes, it's still legal, as Naternal's Delta 9 is sourced from hemp plants, which must legally contain less than 0.3% THC per pound by dry weight.

When it comes to Delta 9, Naternal emphasizes finding your minimum effect dose or MED. Essentially this means you can find the dose where you maximize the desired therapeutic effects of the CBD without succumbing to feeling stoned, paranoid, or lethargic.

While I don't often love to test out other brand's Delta 9 products, I felt comfortable giving Naternal's a try. Plus, I had other CBD, CBN, and CBD products to test.

Best for mood

Image by Braelyn Wood / mbg creative

Image by Braelyn Wood / mbg creative

Image by Braelyn Wood / mbg creative

scroll

Image by Braelyn Wood / mbg creative

Image by Braelyn Wood / mbg creative

Image by Braelyn Wood / mbg creative

When I take cannabinoids, I prefer to take full-spectrum products, which have the full array of compounds in the hemp plant. Yes, there are trace amounts of THC in full-spectrum products, but it's often not enough to get you high (as is the case with these Ease gummies).

See the rest here:

Naternal Review: Are These CBD Gummies & Oils Worth It? - mindbodygreen

Posted in Cbd Oil | Comments Off on Naternal Review: Are These CBD Gummies & Oils Worth It? – mindbodygreen

Pet Wellness Redefined: The Benefits of CBD Oil – Orange Fizz

Posted: at 2:05 pm

Share

Share

Share

Email

It is an unfortunate fact that not every pet owner is responsible. The sheer scale of stray dogs and cats, for example, shows that people can abandon their pets without a second thought. Thankfully, there are a huge number of people who care so deeply for their furry friends that they feel genuine pain if something happens to the animal.

As such, it is no surprise that products such as CBD oil for pets are becoming such a big deal. After all, the non-intoxicating cannabinoid is linked to a host of benefits in animals, such as pain management, a reduction in stress and anxiety, and even better sleep.

Best of all, it is non-intoxicating, and research suggests that it doesnt cause a great deal of adverse reactions amongst animals. Below, I look at the potential health benefits of CBD oil for pets in greater detail so you can decide if it is worth giving it to your pet.

It is a genuinely awful feeling to see your pet in pain. Yes, you can bring them to the vet, but you feel completely helpless as they go through agony. Thats why so many people are blown away by CBD oil for pets because it seems to have a major positive impact on pain reduction.

Whether its due to injuries or a medical condition such as arthritis, the anti-inflammatory properties of CBD can have a wonderful impact on the pain levels experienced by your pet. It could prove especially useful for older pets with joint issues. Many people have said that CBD oil for pets has given their aging animals a new lease on life, increasing their mobility and vitality and greatly improving their mood.

There is also research to back up such claims. For example, one study looked into the safety and clinical efficacy of CBD when used to help dogs with osteoarthritis. The researchers gave doses of 2mg per kg and 8mg per kg to the dogs over four weeks.

They found that the dogs who received the CBD oil showed decreased pain during the period with no observable side effects. Ultimately, the researchers concluded that CBD oil for pets could help increase activity and comfort in dogs with osteoarthritis.

In humans, we know that there is a strong link between anxiety and sleep. If you spend the day feeling stressed out and worried about different things, it can seem impossible to wind down. However, when you bring CBD oil for pets into the picture, its possible to decrease the level of anxiety felt by your dog or cat during the day.

If youve ever witnessed your pet suddenly run for cover when they hear a loud noise, for example, its possible that they are feeling nervous. In this scenario, it is worth trying CBD oil to see if it can help promote a sense of calm. CBD may work because it interacts with brain receptors associated with mood regulation.

Regarding sleep, CBD oil for pets could address the underlying issues causing insomnia in your dog or cat. For instance, suppose your pet is anxious, and this gives them problems when it comes to sleeping. By trying CBD oil for pets, you could alleviate the anxiety, making it more likely they will feel relaxed and ready for sleep when the time comes.

For the record, when trying CBD oil for pets, check out products youll know they will like. It isnt easy administering CBD oil to a dog or cat, you know! A product such as CBD oil for dogs bacon flavor from PureKana could be just the ticket. Your canine pal will love the bacon taste, so you dont have to try and hide it in their food or water dish!

In the end, if your dog or cat is in pain, struggles to sleep, or spends the day in a state of anxiety, it is worth considering CBD oil for pets. When giving them the product, take into account their size, as this has a major bearing on how much to use. Start with a very small dose and gradually increase it until you notice the difference in your pet.

View post:

Pet Wellness Redefined: The Benefits of CBD Oil - Orange Fizz

Posted in Cbd Oil | Comments Off on Pet Wellness Redefined: The Benefits of CBD Oil – Orange Fizz

6 CBD Oils for Joint Pain and Arthritis – Healthline

Posted: at 2:05 pm

6 CBD Oils for Joint Pain and Arthritis  Healthline

Go here to read the rest:

6 CBD Oils for Joint Pain and Arthritis - Healthline

Posted in Cbd Oil | Comments Off on 6 CBD Oils for Joint Pain and Arthritis – Healthline

7 Best CBD Tinctures for Inflammation in 2023 – Healthline

Posted: at 2:05 pm

7 Best CBD Tinctures for Inflammation in 2023  Healthline

Continued here:

7 Best CBD Tinctures for Inflammation in 2023 - Healthline

Posted in Cbd Oil | Comments Off on 7 Best CBD Tinctures for Inflammation in 2023 – Healthline

Vigor Vita CBD Gummies Reviews Beware! Is It Legit? – Carolina Huddle

Posted: at 2:05 pm

The onset of hysteria, melancholy, pressure, and various other new issues can get worse at a character's fitness as they age. Aging and contamination are related to an extra large incidence of health troubles than in kids. It's important to discover strategies for lowering tension and worry, however, people regularly forget about this fact.

Although there are numerous chews to be had, Vigour Vita's gummy bears with cannabidiol stick out from the group and get hold of favorable comments. The chews from Vigour Vita's brand are an extensive spectrum hemp oil-primarily based soft gelatin with no attention to THC. They supply Cannabidiol collectively with additional helpful compounds inclusive of terpenes and cannabinoids.

Visit the Official Website To Get CBD Gummies at a Huge Discount of Above 70% Off

What are Vigor Vita CBD gummies?

These are mouthwatering treats with a nice level of complete-spectrum cannabidiol instilled. Made with natural flavors and herbal cannabidiol from hemp extract, those natural gummy bears with CBD offer a reachable and delectable approach to take benefit of Cannabidiol. They are renowned for imparting steady doses, which makes it easy for clients to control their consumption of Cannabidiol.

This product can help with lowering pressure, anxiety, and pain and also improve the fine and duration of your sleep. It is a great and calming technique to incorporate Cannabidiol into your everyday healthcare routine. Professional studies have confirmed the authenticity, integrity, and reliability of Vigor Vita CBD gummies, the CBD-containing chews

Order Now -https://newsnutra.com/vigorvitacbdgummies

Ingredients Used In Vigor Vita CBD Gummies

Extracts from the result- Vigor Vita's gummies with CBD flavor higher way to the mixture of various fruits. Because the advantages of ingesting results in everyday lifestyles are widely recognized, the fruits used to make these chewy treats are natural and without any artificial or poisonous ingredients.

Natural Taste- The mouthwatering tastes in energy vita CBD gummies supply a high-quality feeling, and they come from natural assets on my own. Instead, natural merchandise like herbs, results, and many different plants are the origins of these flavors. No chemical additives or flavors of any kind are used in those goodies.

Gelatine- Since gelatin allows to frame the framework, it is responsible for the extraordinarily smooth experience and texture of those goodies. The well-known protein collagen is synthesized to make gelatin and is present in the connective tissue structures of animals.

Natural sugar- The unique selling point of those chocolates is their composition, made out of herbal sugar, which serves as a sweetener and a safe food additive.

MUST SEE: (EXCLUSIVE OFFER) Click Here to View Pricing & Availability of Vigor Vita CBD Gummies.

BENEFITS of Vigor Viets CBD Gummies

Persistent joint aches from trauma or arthritis can be lessened by way of the CBD's anti-inflammatory residences in those edibles.

These gummies offer pain relief that is stable and does not cause addiction.

Owing to its solid composition, which has no destructive results, you could make the most of it since it relieves soreness and produces results immediately.

It lowers tension sickness symptoms like PTSD, panic disease, social tension instability, standard anxiety ailment, and OCD.

Cannabidiol in energy vita CBD gummies has additionally shown promise in controlling the manner the mind reacts to stress.

It aids in decreasing pressure and anxiousness by way of soothing the fearful machine and diverting its attention from any capacity damage.

Order Now -https://newsnutra.com/vigorvitacbdgummies

Read more:

Vigor Vita CBD Gummies Reviews Beware! Is It Legit? - Carolina Huddle

Posted in Cbd Oil | Comments Off on Vigor Vita CBD Gummies Reviews Beware! Is It Legit? – Carolina Huddle

Green Vibe CBD Gummies Reviews SCAM EXPOSED in Real Consumer GreenVibe CBD Gummies Reports – Carolina Huddle

Posted: at 2:05 pm

Green Vibe CBD Gummieshelps to reduce all kinds of ailments and issues of the body which helps to accomplish the assigned task smoothly. The regular intake ofGreen Vibe CBD Gummieshelps to reduce all kinds of inflammations, pains, sore, and aches which helps to accomplish the assigned task with any kind of issues.Green Vibe CBD Gummiesregular intake is beneficial for the reduction of excess fats and obesity from the body.Green Vibe CBD Gummiesregular intake provides complete protection to both the physical as well as mental health of the user.

Click Here For Special Discount & Official Website

Green Vibe CBD Gummiesare formulated with organic components which are derived from natural sources making the gummies safe for consumption for all the interested customers. Let us look into the components used for the formulation ofGreen Vibe CBD Gummies.

Visit the Official Website and Order Now [Discount Available Here]

Green Vibe CBD Gummieshelps to reduce the inflammation and pains of the body as well as sores and aches of the body. The regular intake of the gummies sends signals to the ECS of the body which helps to accomplish the assigned task without any difficulties. The reduction of the inflammation, pains , aches and soreness helps to accomplish the assigned task without any kind of difficulty.

Green Vibe CBD Gummieshelps to reduce the obesity and excess fats from the body which helps to accomplish the assigned task smoothly. The regular intake of the gummies helps to lose the excess fats even while being on a busy schedule as well.Green Vibe CBD Gummiesregular intake not only provides protection to the physical health but at the same time gives complete protection to the mental health by reduction of the anxiety and stress as well which makes it smooth to accomplish the assigned task.

Visit the Official Website and Order Now [Discount Available Here]

If youre looking for a simple and pleasant way to take CBD,Green Vibe CBD Gummiesshould be at the top of your list. These candies are convenient because to their ease of use and the consistency of their effects. As an added bonus, they only utilise 100% CBD oil in the manufacturing process.

Also, they are convenient since you can keep them in your pocket until you need them. In case youre looking to buy a high-quality product, CBD Gummies are worth looking into. They give a trustworthy and hassle-free means of swallowing CBD, making them a great alternative for everyone in the market for such a product.

The news and editorial staff of the Vacaville Reporter had no role in this posts preparation. This is a paid advertisement and does not necessarily reflect the official policy or position of the Vacaville Reporter, its employees, or subsidiaries.

Visit the Official Website and Order Now [Discount Available Here]

The rest is here:

Green Vibe CBD Gummies Reviews SCAM EXPOSED in Real Consumer GreenVibe CBD Gummies Reports - Carolina Huddle

Posted in Cbd Oil | Comments Off on Green Vibe CBD Gummies Reviews SCAM EXPOSED in Real Consumer GreenVibe CBD Gummies Reports – Carolina Huddle

Global CBD Market to Hit $36B Over Next Decade, Report Predicts – High Times

Posted: at 2:05 pm

The popularity of CBD and other hemp-derived compounds continues to surge in terms of sales. A new report predicts that the CBD market is poised to surpass $36 billion dollars by 2033.

According to market.us, the global Cannabidiol Market Size was valued at $7.6 billion in 2023 and is predicted to reach approximately $36.6 billion by 2033. During the period ranging from 2024 to 2033, it is projected to undergo the highest Compound Annual Growth Rate (CAGR) of 17.5%.

The cannabidiol (CBD) industry has witnessed remarkable growth driven by several key factors, market.us announced in a press release. Legalization and regulatory changes have removed barriers, allowing for the cultivation and sale of hemp-derived CBD products. Consumer awareness has surged with increasing recognition of CBDs potential health benefits, contributing to a growing demand for CBD products. Medical acceptance, backed by research on CBDs therapeutic properties, has further propelled its adoption. The industrys diverse product offerings, ranging from oils to edibles, cater to varied consumer preferences, fostering market expansion. Accessibility through various distribution channels and retail outlets has played a crucial role in making CBD products widely available.

Beyond legislative changes, CBD is growing in popularity, driven by the changes in the way its perceived.

Additionally, the CBD industry has benefited from investment influx, supporting research, development, and marketing efforts. Changing attitudes toward cannabis, coupled with the globalization of the market, have expanded opportunities on a global scale. The industrys response to quality concerns, with the establishment of standards and certification, has enhanced consumer confidence. Despite the growth, challenges such as regulatory uncertainties and quality control issues persist, influencing the industrys trajectory. Ongoing developments in regulations and market dynamics will continue to shape the future of the CBD industry.

The report provided six main takeaways to sum up their predictions in a nutshell:

North America is the worlds largest CBD market, comprising 72.1% market share during the forecast period. This is mostly due to the loosening of regulations on CBD products in countries like the U.S. and Canada. Consumer preferences continue to evolve, as the food, pharmaceutical, and This could change soon however, the report notes, as North Americas dominance could soon be challenged by Europe.

In the Asia Pacific regioncovering China, Japan, and Indiathere is a notable growth in the CBD market, partly due to recent changes in law. The increasing demand for CBD products and continual changes in the legal status and acceptance leads to significant opportunities, the report reads.

The hemp sector emerges as the most profitable CBD-related market, commanding a robust 63.2% share of the global CBD market as of 2023.

A full copy of the report in PDF is available for download here.

The hemp and CBD markets generally overlap, and other reports predict a similar rise in hemp sales, driven in part by CBD.

A report in December 2022 arrived at similar predictions. In the Global Hemp Market by Type report from Research and Markets, which analyzed the numerous applications of hemp as a textile, food item, construction material, and more, a surge in hemp products is predicted.

The report projects that the next five years will see the industrys compound annual growth rate (CAGR) of 21.6%, suggesting that this percentage will rise because many other countries have legalized industrial hemp, or will do so in the near future.

Given that hemp accounts as the origin of over 60% of CBD products, the rise in sales are interconnected.

Read more:

Global CBD Market to Hit $36B Over Next Decade, Report Predicts - High Times

Posted in Cbd Oil | Comments Off on Global CBD Market to Hit $36B Over Next Decade, Report Predicts – High Times

Page 5«..4567..1020..»