The cannabis industry has been on a tear these past couple of years. Its massive growth is due to the fact that people have become more accepting of the “miracle plant.” Aside from consumers, Investing In a CBD Business is also attracting more and more investors. Of course, it also helps that more research is being poured to back the medical claims of cannabis.
Most particularly, they are diving deep into CBD territory.
As per market research, the cannabidiol (CBD) oil industry is expected to grow to $5.3 billion by 2025. It has a compound annual growth rate of 40.4% from 2020-2025. This is just one of the many reasons why investing in a CBD business is becoming more attractive to those looking to make a profit.
Here are other reasons why
It Isn’t Hindered By-Laws
One of the issues preventing the full growth of the cannabis industry is the legal barriers it has in some countries. CBD isn’t affected by this simply because it isn’t cannabis. CBD is the naturally occurring beneficial compound derived from cannabis. It doesn’t have the same psychoactive effects that tetrahydrocannabinol (THC); another cannabis derivative, has.
Most laws limit the THC content of cannabis to 0.3%. CBD products such as oils, crystal dabs, and edibles don’t go beyond this limit, according to experts from Candropharm.com. As such, you can’t expect companies in the industry to be restricted by the same laws that cannabis companies are hindered by.
More research is being poured into the CBD industry. As the wonder in the medical world, firms are investing a lot into uncovering more about the benefits people can get from CBD. This research not only benefits people who are looking to use CBD, but it also benefits manufacturers of CBD as more people will begin to consider it as alternative medicine.
A lot of the benefits of CBD have already been backed by research. This includes its ability to treat symptoms of epilepsy. In fact, the FDA approved the first cannabis-derived drug called Epidiolex just a few years back. There’s no telling what future lies in the cannabis industry because of these researches.
More People Are Supporting It
As more research is being poured into it, there’s no doubt that more people are going to support the industry, the companies, and the products that come out of it. For any industry, wide-range support is always great news, especially for investors. However, it’s not just the general public who are seeing the good in it.
Even senators and political figures are showing their support for CBD and the cannabis industry. Federal legalization for cannabis is no longer a matter of if, but a matter of when. When that happens, the CBD industry will have even more growth as well.
If you are an investor who’s still looking for the next big stock to add to your portfolio, you should consider CBD companies as they hold a ton of potential. The only question is, which of these budding companies are going to propel you to wealth in the future.