CBD oil is extracted from the marijuana plant that is also known as cannabis. Over the past few years, the sales of marijuana have increased, which means that business owners are profiteering. Moreover, after the legalization of marijuana in many American states, the debate becomes even more interesting. CBD oil has many medical benefits, and is now available in many states of the US.
Where can you buy marijuana from?
Well, marijuana, still not legalized in most areas is typically only available on a medical need basis, and must be purchased (legally) through medical practitioners who are officially allowed to deal in its sale and purchase. In those places where it is legal, however, you can find it at various local marijuana shops.
Why do people buy CBD oil?
There are many reasons why people use CBD oil. Let me give you some of them:
- The use of cbd oil for arthritis has become very common. Older people use it frequently.
- Newly married and old age couples use it because it gives them good orgasms.
- Teenagers use CBD oil for smoking sheesha.
- Drug addicts are frequent users of CBD oil.
- Cbd oil is given to cancer patients who undergo chemotherapy treatment. This oil treats eating disorders.
How much will the sales increase in the future?
CBD is one of the fastest growing industries in the world with a recorded sales in millions across the globe. Now with its legalization and popularity amongst many states, the sales continue to grow rampantly. One of the latest stats shows that the sales of CBD are expected to grow from $390 million to $1.3 billion by 2022. This whopping figure is enough to compel any business owner to invest in it. However, just as sales continue to rise, the state starts putting higher taxes and strict laws on the buying and selling of CBD oil.
The use of CBD oil is not only limited for medical but for beauty purposes too. Many products are being manufactured that have been prepared by CBD oil. One important thing to note is that such products are considered illegal. Only once when the state lifts a ban on such uses, will then we able to record the exact figures of the sales.
Investing in CBD oil is could be an incredible business opportunity. However, since the legalization and selling are both controversial, there certainly are risks and challenges present in this business.