What Are the Expected Demands of CBD in the Foreseeable Future and What Factors Will Govern It?

The popularity of CBD is increasing at a very fast pace. In the last two decades, the legalization of cannabis products in many states has made a research on it easier. In this time frame, a lot of researches have been made on the medical benefits of CBD.

Through these researches, scientists have disclosed that the substance has multiple medical benefits. It has been found great against anxiety, addiction, epilepsy, physical pains, and even cancer symptoms. So, these products definitely have benefits to them, and these benefits are the main selling point of these products.

Because of these benefits, many brands have started selling their range of CBD products, which are basically different ways of getting CBD medication for the consumers. You can find CBD pre-roll joints, vape cartridges, oils, capsules, gummies, etc. In addition to smoking and vaping, there are also other products like CBD based topical gels and ointments. In short, there is a whole range of products. From the stats, it is clear that the CBD industry will reach more than $22 billion in the early 2020s.

I work with a packaging company, and a big ratio of the orders we get are of CBD packaging (https://stampaprints.com/cbd-packaging/). So, I have personally seen the demand for CBD to grow every month, and it is still increasing. The future of CBD seems very bright. 

Major Recent Breakthroughs of CBD

 In the year 2018, CBD received two major breakthroughs that will greatly contribute in the upcoming years to the business this industry generates.

The first big news is of a CBD based medication for two complex types of epilepsies getting approved. That medicine is named as Epidiolex, and it is made from a pure form of CBD. This product has successfully made it through all the stages of testing. Therefore, this success is expected to open a gateway for further CBD medication getting the FDA’s approval, which is a big thing. 

Second is the farming bill approved in 2018 that allows farmers to grow industrial hemp. Now, with more CBD in the market, the business is sure to grow too. Such availability has made these products available in stores, pharmacies, and even in the places where you do not expect to find these products at all. These two factors are going to count a lot in the future of CBD. 

In addition to these two successes, many are expected to follow as now the research that was once very difficult in the field is now easier than before. More studies on the effects of CBD are expected to bring out a lot of other products in the market.

However, further research is a double-edged sword. As for now, not enough is known about the effects of CBD, and the government’s policy is confusing. 

Factors That May Not Favor CBD

There are two factors that may cause problems in the future for the CBD market. The first problem is with the current legal status. CBD is legal in many states, and even marijuana is legal in states like Colorado, but these products are not distributed under the supervision of the FDA for now. The problem with that is you may find products that may have other chemicals coming in CBD products that can actually harm instead of the benefits you expect from them. 

The second is with the people who are taking these products on their own. CBD does not make you an addict and may not have as many side effects about its side effects. But there’s no denying that there are no side effects. It does not cause addiction, which WHO has confirmed, but other side effects like loss of appetite and other problems can take place. 

From the current viewpoint, the future of CBD seems bright, but there are some things that will need fixing.