Things to Know About Miraculous Elixir: Cannabidiol

Things to Know About Miraculous Elixir: Cannabidiol

What if I told you that elements like Cannabidiol (CBD) with non-intoxicating qualities & health benefits almost seem to be effective in addressing su

Markntel Advisors's photo
Markntel Advisors
·Sep 21, 2022·

6 min read

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Things to Know About Miraculous Elixir: Cannabidiol

It is not uncommon to learn that almost everyone is going through some kind of health issue, even if t means common ailments like insomnia, anxiety, and pain. What if I told you that elements like Cannabidiol (CBD) with non-intoxicating qualities & health benefits almost seem to be effective in addressing such issues?

CBD is gaining swift popularity, demand, and raging attention from people across different corners of the world owing to its claims to treat several medical problems & remedy illnesses. In fact, because CBD is another chemical found in cannabis, its popularity, especially for its application to wellness products, is stimulating the demands significantly. 

Perhaps it is why a recent research report published by MarkNtel Advisors reveals that the Global Cannabidiol (CBD) Market is set to grow at a CAGR of 30.48% during 2022-27. Let us take a deeper dive into understanding what exactly CBD is and why there is so much hype for the same. 

Understanding Cannabidiol & the Aspects Behind the Hype

Cannabidiol or CBD is a chemical compound found in marijuana & hemp by extraction from the cannabis plant & then diluting it with oils like coconut oil or hemp seed oil. Although CBD is present in both hemp and marijuana, the one procured from hemp is commonly used in CBD products because of its less than 1 percent Tetrahydrocannabinol (THC) content. 

To carve out a better picture, the cannabis family of plants has more than 100 naturally occurring compounds, with Tetrahydrocannabinol and Cannabidiol as the prominent ones. The prominence of these varieties is backed by their widespread usage. The hemp plant is often considered perfect for the extraction of CBD as the plant has a relatively higher proportion of these compounds. 

Across countries like the US, the industry for CBD is stimulating rapidly and deriving the impetus, particularly from the US Agriculture Improvement Act of 2018 (Farm Bill) where the government legalized the production & sale of products derived from hemp with a tetrahydrocannabinol (THC), of not more than 0.3% concentration. That being said, this chemical is gaining popularity, thanks to its adoption across the healthcare, beauty & personal care industries. For instance:

  • In February 2020, Colgate acquired Hello Product, LLC for the launch of a brand collection of CBD oral care to provide an extensive range of highly effective products. 

Let us take a closer look at understanding the various types of CBD, their health benefits, & perhaps the risks associated with its excessive utilization, curating the fundamentals of this industry globally.

Types of Products Infused with CBD

  • Edibles & Gummies

One of the most convenient ways to take CBD would be in the form of edible or gummies. Due to their augmenting popularity, numerous brands have introduced several food & beverages infused with CBD. For instance:

  • A leading player in the domain, Aurora’s Drift offers numerous flavored gummies, Peach serene, Yuzu lemon, & Kiwi strawberry, exhibiting CBD dominance. Made from cannabis extract with a 2:1 ratio of CBD to THC, the company claims Yuzu lemon delivers a smooth and tangy flavor.
  • In 2021, Truss CBD USA, a joint venture majority-owned by Molson Coors Beverage Company and operated by Canadian cannabis producer Hexo, launched Veryvell, a line of sparkling, nonalcoholic CBD drinks in Colorado.
  • Pills & Capsules

With the compact form of soft gels & pills, CBD capsules are filled with cannabidiol oil. When considering its consumption for the first time, Capsules would be the quick, safer, and tasteless way. Brands like CBD American Shaman have introduced various flavors like Peppermint and Wintergreen to enhance the taste of these capsules and widen their consumer base for the same.

  • Topical Form

CBD-infused Creams are said to offer soothing effects when applied to sore areas. They are equally beneficial in reducing pain when suffering from arthritis. Although enough scientific shreds of evidence are not there to substantiate such claims, Cannabidiol seems to be on the priority list of manufacturers while making pain relieving ointments.

The prominent manufacturer, CBD American Shaman, offers a wide range of CBD-infused products, where its variants CBD lotion is popular for offering extraordinary benefits in localized discomfort & health support. As per the company, CBD topical aids joint & cartilage function & which is why people are preferably considering it for topical applications.

  • Oils & Tinctures

CBD extracts-based oil & tinctures is another variety gaining swift popularity across the world owing to their diverse application in recipes, salad dressings, popcorn, chocolate bars, & many more. Besides, these products can be consumed directly by pouring a drop or two onto the tongue.

  • Flowers

Owing to its upscaling demand and greenhouse cultivation facilities across Canada and USA, Brands such as Aurora Cannabis Inc., Bluebird Botanicals, and others are growing an array of cannabis flowers. The aim is to cater to the rising needs of such vast consumers in terms of quality. Plenty of CBD Flowers is already available in the market. For instance:

  • Aurora Cannabis Inc. produced a flower, namely CYBER FUEL OG, an approvingly state-of-the-art hybrid from OG Kush x Wedding Cake genetics, exhibiting orange cream soda, gas, and garlic notes.

Key Benefits & Possible Side-Effects of Cannabidiol (CBD)

Alongside the extensive adoption of CBD in variants mentioned above, its minimal percentage is used in products like pre-rolls, dried buds, & vaporizers, among others. In addition, CBD is now used for various medicinal purposes like anxiety & stress, pain relieving, sleep inducer, & many more. Besides, owing to its close resemblance with human body compound, endocannabinoids, CBD demonstrates immense benefits in enhancing metabolism, improving memory, reducing inflammation, & boosting immunity. As per claims, CBD can help treat conditions like epilepsy, migraines, autoimmune diseases, & depression.

Contrary to the aforementioned claims, there have been instances of fatigue, weakness, rash, diarrhea, sleepiness, decreased appetite, and elevated liver enzymes after consumption of CBD. As per the experts, CBDs are safe only when they are pure. However, this concept may not apply to pregnant women. In fact, some studies do not recommend such wide consumption and application of CBD, citing unsubstantiated evidence of such remarkable benefits. Although rodent-based research has been successful, as far as humans are concerned, we need much more deep research & scientifically proven instances.

Takeaway

Considering the aspects cited above, it can be concluded that the widespread benefits & application of CBD are set to stimulate the industry in the coming years. In fact, with a swift rise in various research & development activities, the potential of CBD shall witness further exploration and utilization across different industries through the forecast years. Hence, the industry shall demonstrate a presence of lucrative opportunities for the leading players and a substantial pace for expansion in the coming years. 

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