CBD Oil, the next big thing?

September 18th, 2019

Cannabidiol (CBD) is a phytocannabinoid discovered in 1940.

 

 

Today’s Post is by Eli Razov, Senior Account Manager at SafeSourcing Inc.

Cannabidiol (CBD) is a phytocannabinoid discovered in 1940. In 2018, clinical research on cannabidiol included preliminary studies of anxiety, cognition, movement disorders, and pain. CBD does not have the same psychoactivity as THC and may change the effects of THC on the body if both are present.

CBD derived from hemp (with 0.3% THC or lower) was delisted as a federally scheduled substance by the 2018 Farm Bill. FDA regulations still apply: hemp CBD is legal to sell as a cosmetics ingredient, but despite a common misconception, because it is an active ingredient in an FDA-approved drug, cannot be sold under federal law as an ingredient in food, dietary supplements, or animal food.

With many different kinds of oils, balms, creams, and roll-on gels there are different products to be discovered and with laws changing many C-Stores, Beauty, and Grocery chains have already begun to carry various products. The different health benefits and rising popularity these products are popping up everywhere. With the global cannabidiol market size estimating roughly $1.34 billion in 2018 it is expected to expand at a CAGR of 32.6% over the next 5 years.

Working alongside with major manufacturers and distributors, SafeSourcing can help you procure these popular products.

For more information on how SafeSourcing can assist you or on our “Risk Free” trial program, please contact SafeSourcing  we have an entire team waiting to assist you today.

 

Citations:

  1. https://en.wikipedia.org/wiki/Cannabidiol
  2. https://www.grandviewresearch.com/industry-analysis/cannabidiol-cbd-market
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