In the modern era, people are highly focused on health and wellness. Cannabis is a medicinal drug in the form of a plant that offers a variety of benefits to human health that can treat minor to severe diseases easily.
With the increasing popularity of the best cbd products that offer great assistance to people, revenues have risen deliberately as well. Let us look into guide why cannabis is known as the wellness market.
Cannabis: the wellness market!
People are really investing in the hemp growing practices as cannabis is a great plant that can come in handy for different uses. Cannabis plant extracts are proven to be the best in the medicinal business. As more and more people are getting aware regarding the use of CBD rise of quality CBD is rising.
The increasing awareness is benefitting the CBD manufacturers greatly. Several regions are using cannabis for medicinal purposes, and the global market of CBD is expected to rise from $303M in 2018 to $2.28bn by 2015, along with registering a CAGR of 33.5%, stated by the data report of QY research.
However, regardless of the fact of how convenient CBD and cannabis are, there are countries that don’t legalize the use of CBD products and can only be used is prescribed. However, seeing the buzz around the CBD products, bogus CBD manufacturers have risen that are providing unproven claims and poor quality of the CBD products, which is not beneficial to human health, instead of misleading them.
Seeing the scams, different rules have been regulated on the use of CBD, where people are bound to make use of quality products only. Also, CBD manufacturers require to show the third party test lab results to show the authenticity of the product and showing the quality of the product.
Lastly, we can conclude that cannabis is surely a wellness industry that is going to expand in the upcoming years to one of the largest industries.