A new cannabis wave rolls through with the booming interest in CBD. With sales projected at over $20 million by 2020, opportunities to become a part of the flourishing hemp industry with CBD are exponential. CBD is short for the word cannabidiol. CBD is one of the many compounds found in the biodiverse cannabis and hemp plant.
Unlike THC, CBD has no psychoactive effects. A large new market has been tapped with access to this cannabinoid and it has revealed investment opportunities unequivocal to any other industry. Sales projections are off the charts when it comes to global sales – even in THC legal areas, CBD sales are beyond prosperous.
Hemp flower and CBD tinctures currently hold the largest portion of the consumable market. Topicals, salves and other body care products are making huge headway in their share of the profits. Most CBD consumers utilize various methods and product types to achieve the health benefits they are seeking.