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CBD

Latest CBD Facts and Stats 2020

Since it has been established that Cannabidiol (CBD) is no more a ‘nuclear bomb’, there are people still around who don’t have adequate knowledge about CBD, both, who use it and who doesn’t. There are around 80 chemicals known as cannabidiol, that are found in Cannabis Sativa, also called Marijuana or Hemp.

CBD affects the brain in a certain way and the cause for it is unclear. It stops the breakdown of a chemical in the brain that affects mood, pain, and mental function. The international cannabidiol market was assessed at USD 4.6 billion in 2018. CBD is being sold online and companies are working very hard to provide the best to the customers. There is a cut-throat competition in this market just like any other.

Statistics and Demographics

 

  1. The percent of CBD consumed by an average user is 28% on a daily basis for which the reasons could differ from person to person.

 

  1. Percentage of people from different age groups and their consumption
  • 56%- Millenials
  • 32%- Gen X
  • 15%- Boomers
  • 48%- Men
  • 49%- Graduated students

Percentage of people from different age groups and their consumption

%age of people from different age groups and their consumption

 

  1. Reasons for Usage by different age groups

1. Millenials

–  Anxiety- 31%

–  General Wellness- 30%

2. Gen X  

–  Joint Pain- 31%

–  Muscle Pain- 23%

3. Boomers – 

–  Joint Pain- 36%

– Muscle Pain- 23%

 

Reasons for Usage by different age groups

                       Reasons for Usage by different age groups

  1. In 80% of cases, CBD helps in improving the behavior of the children diagnosed with ASD

Children with autism showed improved behavior when treated with highly concentrated cannabidiol oil. Around 62% of parents reported that they observed considerable improvements after using it for months.

 

  1. It is expected that the market for CBD would reach $20 billion by 2024

This calculation includes a compound annual growth rate of 49%, making the whole market for all cannabis products reach $45 billion by 2024.

 

The market for CBD is rising at an exponential rate and the laws are also being tweaked so that this magical drug can reach those who need it the most. The government has turned out to be more supportive than anticipated. There is intense research still going on and if we are lucky the scientists will find more benefits of CBD. No matter how safe this product is, it should be consumed with proper safety and efficacy.

 

Various Facts About CBD-

  1. CBD relieves pain

Cannabidiol has been used for the reduction of pain for ages. In recent studies, scientists have found out that some of the components of Marijuana including CBD can reduce pain by affecting our endocannabinoid system (ECS) and, hence reduce inflammation and impact ECS receptor activity.

  1. CBD oil and Hemp oil are not the same things

CBD oil is extracted from the cannabis plant and mixed with a base oil whereas hemp oil is extracted from only the hemp seeds and does not contain CBD.

  1. CBD oil, if extracted from Hemp, is Legal

Cannabis is illegal under federal law, but still legal in several states and because of its THC level which is 0.3%, industrial hemp does not fall under the same rules and regulations. Thus, consumers don’t have to worry about the legality of the product.

  1. Natural Benefits from CBD oil

CBD oil is a potentially effective remedy for the illnesses that were once considered untreatable and incurable. Like-

  • Irritable Bowel Syndrome
  • Depression
  • Heart disease
  • Diabetes
  • Parkinson’s
  • Acne
  • Epilepsy
  • Pain (chronic, cancer-related, etc.)
  • Schizophrenia
  1. CBD is not prone to addiction

The FDA has still not made a statement about how safe CBD is but, on the contrary, the World Health Organisation has already made a position that pure CBD can be consumed.

  1. CBD cannot get you high

Since CBD oil interacts with ECS receptors in the brain, it would be wrong to describe it as non-psychoactive. But it would not cause the euphoria that THC is known to have.

  1. When consumed with THC, CBD can reduce some of its undesired effects

THC is known to have various effects on the mind which may or may not be harmful. Studies have shown that people feel less anxious and less euphoric when they consume a combination of CBD and THC.

  1. CBD oil helps Children with Epilepsy and Seizures

Children with severe seizures and epilepsy get almost instant relief when they are fed CBD oil during their episodes. The intensity of the seizures are so high that it is too painful to watch the person, so you can imagine what the child is going through. CBD is a non-toxic solution for this problem which can literally shake the kid up and down.

  1. Marijuana for Recreational purpose is legal in 11 states and DC

Vermont became the first state to legalize the possession of marijuana through codification and now, Illinois is set to become the first state to legalize the sale of marijuana through legislation.

  1. Time is taken by CBD to get eliminated from the body-

CBD takes 18-32 hours to get removed from the body through biological processes which are totally different from THC because it completely depends on the amount consumed by the person.

 

 

References

 

1 https://www.prnewswire.com/news-releases/new-acosta-report-finds-28-percent-of-consumers-use-cbd-products-daily-or-as-needed-300915291.html

2 https://medalerthelp.org/cbd-statistics/

3 https://nuleafnaturals.com/10-important-facts-about-cbd/

4 https://cbdoilreview.org/cbd-cannabidiol/10-cbd-facts-you-need-to-know

5 https://www.healthline.com/nutrition/cbd-oil-benefits#section9

6 https://thetruthaboutcbd.org/statistics/

7 https://www.greenentrepreneur.com/article/333543

Ivan writes about Cannabis at The Cannabis Radar. He has a degree in Nutrition Sciences from University of Oklahoma Health Sciences Centre. He likes to spend his spare time reading to his daughter or spending time with his wife.

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