Currently, it is legal in all 50 states to distribute and use hemp-based products that are predominantly devoid of the ingredient THC. THC is the psychoactive component in marijuana that is responsible for the feeling of euphoria. Research is just starting to show that there are many uses for hemp-derived products that have no THC in them. Hemp oil sales have skyrocketed over the past several years since it became widely available. Since there seems to be no end in sight, now is the time to invest in non-psychoactive hemp products.
What Are The Uses For Non-Psychoactive Hemp-Based Products?
Hemp products without THC, like CBD oil, show promise for helping with everything from anxiety to nausea. Because they don’t contain the psychoactive component, they also have no risk of addiction. Hemp-based products contain cannabinoids, which have been studied extensively over the past several decades. But only now is the information of its advantages being compiled and released to the general public.
Why Is Now The Time To Invest In Non-Psychoactive Hemp Products?
As the information develops about the wealth of medicinal advantages that non-psychoactive hemp can provide, more people are going to try it. That means that the sales of hemp oil will likely continue to grow quickly. Projections are that CBD product sales will total as much as $20 billion by the year 2020 and $22 billion by the year 2022. Current statistics show that the total sales are projected to be about $591 million. The growth in the next two years is forecasted to be astronomical!
What Is Behind The Increase In Sales?
In the past, due to a lack of scientific proof related to the advantages of using CBD oil, not only would doctors not suggest its use – they couldn’t. Now that so much information is coming to light, it is quickly becoming an alternative medicine that comes with no side effects, risk of addiction, or risk of overdose. As opioid use around the nation reaches epidemic proportions, many physicians and patients alike are looking for an alternative to traditional pain relievers. And CBD offers that to millions seeking help. The key to making a sound investment is forecasting when a commodity is on the way up. It also means recognizing when it has reached its pinnacle. CBD is on the cusp of a major explosion with no end in sight. If you want to get in on a high-reward investment, then now is the time to invest in non-psychoactive hemp products. For more information about where best to invest in the cannabis industry, consult Maricap Financial Services today.