The CBD Market Bets Big on Pets in 2019 and Beyond

The CBD Market Bets Big on Pets in 2019 and Beyond

  Cannabidiol, known as CBD by most consumers, has taken center stage as the supplement of the decade. The supplement has already been adopted by millions of consumers and boasts a growth trajectory that has investors foaming at the mouth to get in on the action. In fact, the Brightfield Group claims that the CBD market may reach $24 billion by 2023, good news for businesses such as Next Green Wave, Inc. (Next Green Wave, NGW:CSE | NXGWF:OTCQX) who have already taken advantage of the skyrocketing hemp and CBD industry. The Health Potential of this All-Natural Compound What makes CBD so special? After all, CBD is only one of the hundreds of documented cannabinoids found in cannabis and hemp. Unlike its more nefarious cousin, THC, CBD does not elicit any psychostimulatory effects, meaning that consumers won’t get “high” from using it. But if it doesn’t get users “high”, what is the benefit? Although research on CBD is still in its infancy, to date there have been dozens of studies with more on the horizon. Why so little research? Up until December of 2015, regulatory limitations put in place by the FDA prohibited researchers from conducting CBD-related trials in the US.…

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Source : CANNANNEW REPORT
Link to original : The CBD Market Bets Big on Pets in 2019 and Beyond
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