It’s fair to say that the CBD market is thriving. According to market intelligence company Hemp Business Journal, $130 million worth of products containing the cannabinoid were bought in the U.S. in 2016. And that figure is only set to rise in the years to come, the data analyst believes. Indeed, the source estimates that consumer sales of CBD goods will total an astounding $2.1 billion by 2020 – buoyed, perhaps, by claims that the usage of such products can help alleviate the symptoms of chronic pain, depression and diabetes, to name but a few conditions.
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CW Hemp’s Charlotte’s Web strain of hemp came to national attention in 2013 after it was featured on a CNN segment telling the story of Charlotte Figi. Figi has Dravet syndrome, a form of epilepsy; CNN has reported, however, that after the girl began to take CW Hemp’s CBD oil, her seizures radically reduced in number. A touching update to Figi’s tale can be found on CW Hemp’s website, where those looking to see how the company’s CBD oil products might benefit them are able to purchase capsules, cream and balm. Frequent customers, meanwhile, can take advantage of the brand’s hemp oil bulk package, which offers five regular-sized bottles of CW Hemp’s bespoke blends for the price of four – making it a more cost-effective way for some to get their daily dose of CBD.
Palmetto Harmony’s backstory is a poignant one, as founder Janel Ralph was spurred on to create the company to help her daughter Harmony, who suffers from an unusual genetic condition. However, according to the producer’s website, Harmony’s quality of life has greatly improved since she began taking CBD oil. And potential customers looking to see if their health could be changed for the better can select from Palmetto Harmony’s broad array of organic CBD oil-containing products, including the company’s flagship whole-plant extract and an unusual time-release patch. The brand’s Holy Cannacense cream, meanwhile, is among the most popular of its range; and also in demand is the acclaimed vape oil, which Palmetto Harmony claims “is best used to calm the mind and soothe inflammation.”
If you’re selling and shipping CBD oil, it’s important to understand that misinformation is rampant. It can be confusing for distributors – but since the potential for industry growth shows no sign of slowing, it’s worth looking more into the matter. You may be wondering – will there really be that much growth? Experts say yes! Check out these stats from The National Institute of Drug Abuse’ National Survey on Drug Use and Health: Trends in Prevalence of Marijuana – the results from the survey show industry growth will indeed continue, so now is the time to start wading through all that confusing shipping-chatter out there.
Recently, the Hemp Industries Association joined forces with RMH Holdings and Centuria Natural Food to challenge the law, asking the federal court to review the final rule on the grounds that it is arbitrary and unconstitutional. The opening brief, filed on April 3, 2017, accuses the DEA of failing to act in accordance with standard protocol for scheduling the newly prohibited substance under the Controlled Substances Act.