Why are people interested in CBD and hemp Oil?
People are interested in CBD with more mainstream news about it almost daily, and the buzz generates even more interest. The claims of CBD’s reported benefits are intriguing people who may suffer from the conditions. Kroger, the largest grocery retailer in the U.S., has joined the marketing of CBD. Kroger joined Walgreens, CVS, Vitamin Shoppe, and GNC, among many others. Why are all of these retail giants joining the CBD rush? It’s simple. The consumer wants it, and it’s flying off the shelves.
According to High Yield Insights, a market research firm focused on the cannabis market, 40% of U.S. consumers are interested in trying CBD, and Consumer Reports says 26% have already tried it.
Why are so many people interested in CBD and driving this huge consumer demand for CBD?
- The 2018 Farm Bill formally legalized hemp, taking it off the Schedule 1 controlled substance designation
- Widespread availability in mainstream retailers like Walgreens, CVS, and many more
- Reputable sources, like Harvard, verifying the health claims and safety of CBD
- Increasing mainstream information about CBD benefits and successes
- Increased acceptance of cannabis in some states, along with knowledge about the beneficial effects of medical marijuana.
- Increasing focus on health and wellness, including more natural products and fewer prescription or OTC drugs
How many Americans have tried CBD by Age?
26% of all Americans
40% of people ages 18-29
32% of people ages 30-44
23% of people ages 45-59
15% of people 60 and over
What do people use CBD for, and how effective is it?
Reduce stress or anxiety or help you relax: 37%
• Extremely or very effective: 63%
Help with joint pain: 24%
• Extremely or very effective: 38%
Better sleep: 10%
• Extremely or very effective: 52%
Read the full survey results at CBD Goes Mainstream by Consumer Reports. With skyrocketing consumer demand, CBD is expected to be a $22 billion industry by 2022.
If you’re interested in using CBD for specific medical conditions, please consult your physician before starting any treatment program.