Following the November 2018 elections, there are now 33 states which permit medical cannabis use, this includes the sate of Florida. Although Joints and pipes are the preferred methods to consume cannabis for more than half the market (53%); however, demand for non-flower products (i.e., concentrates, vaporizers, and edibles) has grown dramatically among consumers over the last few years. This is a sign of diversification and growth for cannabis, especially with food.
WHY CANNABIS (CBD) EDIBLES?
The top-three reasons why consumers use cannabis are for relaxation (66%), stress relief (59%) and to reduce anxiety (53%). However, smaller percentages use cannabis for longer lists of reasons, including to improve sleep, treat medical conditions, enjoy social experiences, or stimulate creativity. Among medical cannabis patients, 94% report that using cannabis has improved their conditions, and 73% report substituting cannabis for other medications. Four in 10 consumers – both medical and recreational – report using cannabis to relieve pain, reflecting the growing research on the efficacy of cannabis for pain management Additionally, six in 10 medical patients report using cannabis to specifically replace either prescriptions or over-the counter pain medications.
CANNABIS (CBD) IS POPULAR IN FOODS
Currently there are dozens of ways to consume cannabis. As more consumers begin to see the benefits of marijuana, people are also looking to find easier ways to make edibles, topical solutions, THC oils, and much more. Each method of consumption has its own benefits – depending on your reason for usage. It is important to understand your options as the stigma surrounding the use of marijuana has started to change around the world. All signs point to CBD infused food becoming the method of choice in the near future.
CANNABIS (CBD) HEALTH BENEFITS
Every single day, consumers are learning the benefits of cannabis (CBD) which has caused and explosion of diversification of ingestion methods with edibles and foods becoming the most popular way of consuming cannabis due to its ease and potency.
Cannabis (CBD) Health Improvement Graph A
Cannabis (CBD) Sales By Product Type Graph B
CBD FINANCIAL PROJECTIONS
The Future of CBD is Very Green Indeed.
According to professional forecasts from several business insiders, the cannabis industry within currently legal states is poised to grow from $10 billion in 2018 to nearly $26 billion by 2025. Meanwhile, adult-use markets’ share of those sales will double, from 22% in 2018 to 44% in 2025. The future of CBD is very green indeed.
CANNABIS (CBD) FAQ’S
Whether for medical use or recreational purposes, consumers are constantly searching for new ways to use cannabis. Before you enjoy the massive list of ways that you can consume marijuana, let us explain the basics of marijuana and how THC works.
What Is Hemp?
The second subset of the cannabis plant is called hemp, which has lower doses of THC, therefore does not have the same intoxicating effects of marijuana. Both marijuana and hemp contain cannabinoids and terpenes. The two dominant cannabinoids in both plants are: Tetrahydrocannabinol (THC) and Cannabidiol (CBD). Between the two plant types, marijuana is the one that is most sought after for its abundant THC content.
What Is Marijuana?
There are two subsets of the cannabis plant. The first is what we all know as marijuana which has the psychoactive effect commonly referred to as a “high”. Though marijuana it is not yet fully approved as medicine. Scientific studies on its benefits have led the FDA to approval of some chemical pills and sprays containing THC and CBD.
What is THC?
THC is a psychoactive cannabinoid found in both marijuana and hemp plant. In marijuana, however, it’s more abundant. THC, unlike CBD, can cause a person to get “high” when consumed. The science behind this psychoactive effect is that THC activates the body’s endocannabinoid system.
The endocannabinoid is a system of CB1 and CB2 receptors in the central nervous system and throughout the body These receptors alter the brain signaling process which influences concentration, appetite, and many more of the body’s operating systems.
THC, for example, binds onto CB1 receptors, which are consequential in that it has an effect on cognitive functioning such as attention span, the formation of memories and the coordination of movements. It also activates the reward system in the brain which in some cases can cause a surge in dopamine levels which induce an intense biological response that leads to a decrease in pain, nausea and more.
What do I need to know about CBD?
Right now, the CBD products being sold in Florida are unregulated, untested and without standards on what consumers are putting into their bodies. There have been reports of falsely advertised products containing harmful additives and little or no CBD. Neither consumers nor FDACS can ensure these products are completely safe for human or animal consumption. Once state hemp legislation becomes law, FDACS will begin testing CBD products for consumer safety. If consumers suspect any products are unsafe or not as advertised, they should file a consumer complaint or call 1-800-HELP-FLA (1-800-435-7352).
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LINKS TO ARTICLES OF INTEREST
If you are interested in l;earning more about Cannabis (CBD) benefits, click on the links below:
- 4 CBD Market Trends All Entrepreneurs Should Be Aware Of – https://www.greenentrepreneur.com/article/340148
- Building A Financial Plan For Your Cannabis Business? What You Need to Know – https://www.greenentrepreneur.com/article/340144
- From The Glamorous World Of Wine, Meet The Entrepreneur Leading The Gourmet Side Of Cannabis – https://www.greenentrepreneur.com/article/339960
- Looking To Enter The Cannabis Biz? Professionals From The Industry Give Top Advice – https://www.greenentrepreneur.com/article/339153
- What You Need to Know to Be Successful in the Cannabis Industry – https://www.greenentrepreneur.com/video/338833
- Business Is Booming for Product You Don’t Inhale – https://www.greenentrepreneur.com/article/324058
- Hemp Is the Multibillion-Dollar Cannabis Opportunity Few Have Heard About – https://www.greenentrepreneur.com/article/311574
- CBD Infused Edible Market Projected to Be $4.1 Billion in 2019 – https://www.marketwatch.com/press-release/cbd-infused-edible-market-projected-to-be-41-billion-in-2019-2019-04-23-16183250