The health and wellness industry is one that can feel very fickle at times, with the latest “miracle product” constantly taking over and creating a following. The problem with many of these so-called miracle products and ingredients is that often they end up being too good to be true, and can’t always live up to their lofty claims. For anyone who follows the trends of the health and wellness industry, it’s clear that the big product of the year, and frankly the past couple of years now, is CBD oil.
It’s no wonder that consumers are interested in taking a closer look so that they can determine if this product has what it takes to go the distance and live up to its claims. So, let’s take a closer look at the CBD oil market as a whole, and what kind of benefits the products can offer.
Where the CBD Oil Industry Stands Today
A great way to get a look at just how the CBD market is doing, is to take a look at the numbers. According to reports, sales of CBD in the U.S. alone could reach $20 billion by the year 2024. It’s the kind of value that forces investors, companies, and consumers to all stop and take a closer look. This number includes sales in pharmacies, grocery stores, cafés, the retail market, licensed dispensaries, and smoke shops.
The fact that cannabis is more readily available to the mainstream than it was just a few years ago is definitely helping to grow the industry. As regulations and laws continue to be loosened, it will only help to feed into the growth further. Even access to the hemp seeds so that farmers can grow crops has become more available. You can actually buy CBD hemp seed online through companies such as Cope, who offer wholesale products.
Who is Purchasing These CBD Products?
What you may also find interesting, is who the consumers are. The typical CBD consumer is 40 years of age, employed full-time, with a higher education. Does this mean they have likely also done their research on how CBD can benefit them? Quite possibly so. As long as the CBD oil doesn’t contain THC, you don’t have to worry about getting high or hallucinating, but you can still take advantage of all the other benefits.
Why Use CBD Oil?
Speaking of the health benefits, what exactly are they and why does it seem like everyone has a reason to use it? The fact is that CBD oil can help in a number of different ways, which also means that it fits the needs of many different people. Some of the benefits that people report is that it helps with pain, inflammation, migraines/headaches, anxiety, and can even help to lessen or eliminate certain symptoms of various diseases.
No Passing Trend
What seems clear is that CBD oil has managed to break down walls and barriers and become mainstream, reaching consumer levels that were never before imagined. Don’t bank on this trend slowing down any time soon.