Looking to learn about the world of CBD hemp? Here’s a quick rundown of some information gathered.
The financial industry predicts that the CBD hemp market could be even more profitable than the California Gold Rush, with a potential value of $20 billion by 2024 according to Forbes. While the medical community is waiting to see how the pharmaceutical industry will react to this phenomenon, the U.S. Food and Drug Administration is already studying the safety and efficacy of CBD products.
CBD is a type of cannabinoid found in hemp plants and is one of the most common cannabinoids, according to echoconnection.org. Hemp oil and CBD oil are both derived from the same plant, but hemp oil is extracted from the seeds and contains less cannabinoids than CBD oil or hemp extract from the whole plant.
Is CBD hemp legal? The 2018 Farm Act legalized cannabis and cannabis products at the federal level, including CBD-based cannabis oil which is no longer considered a controlled substance by the DEA. However, hemp must contain no more than 0.3% THC by weight.
CBD oil is made from various parts of the adult hemp plant through a process called extraction. It is important to note that not all CBDs are the same and to do your research before making a purchase.
Education is key when it comes to using CBD for health or investing in the CBD hemp industry. If you’re interested in trying CBD hemp oil, be sure to do your homework and find a reputable source. Remember, this information is based on my research and the facts surrounding this phenomenon are still emerging.