From “0 to 100,” The CBD Industry Is Booming “Real Quick”

From “0 to 100,” The CBD Industry Is Booming “Real Quick”

Legal cannabis is often associated with the marijuana industry and the many dispensaries that swarm cities like Denver and Boulder, Colorado. But marijuana is only part of the booming cannabis industry, as CBD is now doing much of the heavy lifting. In fact, since 2014, CBD product sales in dispensaries have grown at an even faster rate than overall sales in dispensaries.

After the 2018 Farm Bill, which legalized CBD in all 50 states, CBD became the next gold rush and turned into a multi-billion dollar industry. The CBD industry is growing so fast that it is projected to increase 49% by 2024 across all distribution channels. 

So, why is there so much CBD-hype? CBD is NOT marijuana and will not get you high. CBD is derived from the hemp plant and is low in THC and high in cannabinoids. Studies have shown that cannabinoids may be useful for enhancing sleep quality, reducing anxiety, pain, inflammation, and skin conditions. As researchers continue to reveal more evidence regarding the beneficial properties of hemp extract oil (CBD), consumers continue to turn to the natural, plant-based supplement for their health issues. 

Did you know that CBD consumers on average are 40 years old, have higher education, and are more likely than non-consumers to be employed full time? It’s the truth-- intelligent, motivated people are believing in the power of hemp. Of course, as CBD consumers increase and the industry continues to grow, so does the variety of CBD companies. What makes Evo Hemp’s CBD products different is that we source high-quality, full-spectrum, non-GMO hemp from indigenous farmers of the Lakota Tribe. Not only do we know our CBD is the highest quality on the market, but our mission is to provide affordable CBD products that save our customers up to 50% per purchase compared to other CBD companies. 

Feeling celebratory for national CBD day? Use the coupon code: CBD30 for 30% off!