If you’ve looked into natural health remedies lately, there is a good chance you’ve heard about CBD. This hemp by-product is gaining popularity around the world, but is this something you would like to use for yourself, or even recommend to others? Let’s take a look into the basics of what CBD is.
CBD 101 – What you need to know
Cannabidiol (CBD) is a hemp by-product with calming, analgesic, and anti-inflammatory properties. The substance also works as a sleep aid and has applications as an anti-seizure medication. The popularity of CBD can be attributed to a variety of factors, including its legalization in the US back in 2018, and the public’s overall interest in the benefits of medical marijuana.
Since CBD allows users to reap the benefits of medical marijuana without dealing with the plant’s intoxicating effects, it quickly gained a market among those who wanted health benefits without getting involved with drug culture. It’s also a popular alternative sought by those who don’t have easy access to medical marijuana, as many countries that restrict access to it have made CBD legal and freely-available.
If you want more details on how CBD works, Cibdol.com has several useful articles on their blog.
The growing CBD market
Following the legalization of CBD in the US, the market experienced a boom around the world. CBD had been legal in the EU as early as 2014, and some EU nations had legalized the substance much sooner than that, but it was only when the marketing power of the US got behind CBD that the substance became the health trend it was today.
Specifically, it was due to the wave of celebrity endorsements that followed the legalization of the substance. Some celebrities even started their own brands of CBD products, while others added CBD products to their existing lifestyle brands.
According to Lloyds Pharmacy, CBD is legal in the UK, however the CBD oil UK law states that the product has to meet certain criteria to be lawfully available for human consumption. Many CBD products on the high street aren’t always properly authorised. So, when you’re looking to buy CBD oil, spray or capsules it’s best to buy them from trusted websites, pharmacies or stores to make sure these products are safe for consumption. If in doubt speak to your doctor or a pharmacist, and make sure to always read the label before taking CBD products.
Is it worth getting involved in a company that produces CBD?
The risk associated with investing in CBD is decreasing every year, while the potential gains continue to increase. Initially, investors were worried over the slow push for CBD legalisation, and the potential that new research could reveal some fundamental flaw in CBD use. Such a discovery could halt CBD consumption overnight, and even lead to the substance being banned in many developed nations.
That hasn’t happened, and at this point, it’s safe to say that if CBD was dangerous, we would probably have been made aware of it by now. What still remains, however, is the possibility that new benefits and applications of CBD will be discovered, making the substance gain value overnight. That, combined with the already accelerated growth of the CBD market, makes this an investment option that might be worth looking into, even if you do have to approach it with some caution.
Please do not take this as investment advice, or even as a tip – I am certainly not qualified to give such advice. But to me this seems like a healthcare sector that won’t be going away any time soon. Whether that means you should get involved, either as an investor or a consumer is up to you, make sure you do your own research first and come to your own reasonable conclusion.