When industrial hemp was declassified by the federal government in 2018, hemp companies rushed to create new CBD products to meet the needs of various customers. Now that the CBD industry is expanding, with a plethora of products to choose from, if you’ve never tried it before, you’ll want to learn more about your alternatives so you can get the most out of your supplements. CBD oil tinctures, CBD topicals, and edibles like CBD gummies are all growing in popularity, both online and in stores.
According to the Grand View Research, Inc., the global CBD gummies market is predicted to reach USD 13.9 billion by 2028. From 2021 to 2028, it is predicted to grow at a 30.7 percent CAGR. The market’s expansion is projected to be aided by the remarkable medical benefits that come with no adverse side effects. The use of CBD (Cannabidiol) gummies to treat anxiety, depression, pain, and inflammation and promote sleep is likely to drive market expansion.
Did you know Millennials were the first to start buying CBD products when various states legalized them, according to a survey of 5,000 CBD users done by Brightfield this summer? There’s also a jump in consumers in their early thirties. Still, it levels off in their early forties (Gen X-ers) and then climbs again among the older generation, who buy tinctures, lotions, and capsules to treat age-related diseases like arthritis and chronic pain.
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