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In recent times, CBD has been put on a pedestal as a ‘wonder substance’ that can be used to treat many different health issues. You have most likely come across an anecdotal account from somebody either in real life or online who will swear by CBD for some form of medical issue or another.
The CBD oil market has been gaining a lot of attention over the past couple of years, and as a result, has exploded in popularity and demand. This is largely thanks to the increased research efforts put forward by both independent organizations and healthcare professionals.
CBD has seen a marked increase in popularity not only in America but around the world over the past couple of years. In fact, there is a lot of evidence online that suggests that it is still growing and set to explode over the next few years.
The UK CBD oil industry has been marred by relaxed regulation and poor standards of testing for too long now. Some CBD products contained either too much THC or not enough CBD. However, the industry is slowly doing a 180 and starting to show a lot more concern for regulation.
The CBD market around the world had a value of USD 3 billion in 2018, and it is expected to grow at a rate of USD 22 million by 2026, with a growth of 125.5% between 2019 and 2026. America was the biggest CBD market, controlling 78% of it, closely followed by Europe.