CBD is one of the hottest topics as of late. Whether it is brought up in a discussion about marijuana laws or its many potential benefits, CBD products are something everyone seems to be talking about. And there’s a lot to talk about when discussing CBD. For example, the industry is expected to hit $22 billion by 2022 when sales were closer to $1.4 million just a few years ago in 2016. That's something to talk about and take into consideration if you’re considering investing in the market. Also worth discussing is the fact that 42 percent of CBD users gave up pharmaceutical drugs, according to one study.
So, with so much to talk about and so much buzz around it, why hasn’t the CBD industry fully taken off yet? Despite all that CBD can potentially do, there are a number of hang-ups that are holding the industry back.
Misconception
One of the biggest things holding the CBD industry back is a misconception. While it is becoming more commonly known that although CBD can be derived from marijuana but is not the same as marijuana and does not give the high that marijuana is known for, not everyone is aware of that fact. Not everyone understands that the compound that causes the high is THC and CBD is THC-free, meaning that it can offer all of the medical and health benefits of marijuana without the impairment of a high. Because of that misconception, there are many people who oppose the use of CBD.Skepticism
CBD has a lot of potential uses, and there have already been studies done to show its benefits when it comes to things like seizures and even pain relief. However, the benefits that CBD can offer are quite broad and non-specific and include everything from help with cancer, chronic illness, and anxiety and depression to reducing acne and even helping overcome addiction. Because it can help with so many different things, there are some who are skeptical of the reality of such claims and aren’t willing to look into it further, let alone make a purchase.
