CBD Oil Predictions For 2021
CBD oil has taken the US by storm in recent years, with CBD products of all kinds creating a market bustling with profit and promising growth projections. We’ve seen predictions putting the CBD industry in the twenty billion dollar range in the next few years, but what about 2021? What does the next year look like for CBD oil?
The number of CBD products on the market today is innumerable, and many companies are looking to expand their operations and their product lines as the demand for high-quality CBD products continues to grow. Whether you’re a CBD user or not, you’ll want to keep an eye on this bustling market in the years to come.
Let’s take a closer look at some predictions for next year and beyond for CBD oil. CBD oil is incredibly versatile and can be taken directly, in food, and more. Its future is looking quite promising so far!
Fewer Brands On The Market
The CBD market might be home to thousands of brands, but that doesn’t mean that all of them will be around in 2021. The best organic CBD oil is extracted from domestically-grown organic hemp; something not every brand has access to or can afford, for that matter.
High-quality organic hemp is grown under strict conditions in rich pollutant-free soil, and the process of growth, cultivation, and ultimate CBD extraction can become quite costly.
When you’re buying CBD oil, you’ll want only organically-grown domestic hemp to be the source of your CBD. Why? Because hemp as a species is known as a hyperaccumulator. Hyperaccumulators are organisms that “accumulate” what’s in the environment around them. In this case, what’s in the soil.
When hemp grows, it absorbs toxins, pollutants, heavy metals, and chemicals from the soil around it. These toxins ultimately end up in the final product when your CBD is extracted. How does that chemical fertilizer taste in your CBD oil?
Aside from the problem with non-organic and/or imported hemp, smaller CBD providers are going to experience some issues if their supply chain isn’t under control by next year. We’ll likely see a massive drop in the number of brands on the shelves come this time next year.
More Regulation?
One of the problems we’ve seen in the CBD industry is the lack of federal regulation. This means that brands can put all kinds of labels on their products (within reason) or make all kinds of claims. Additionally, there’s no real regulation when it comes to the quality of ingredients in CBD products. We’ve seen the major CBD brands setting their own pace and standards that have become something of an example for others.
We’ll likely see more FDA regulations in the near future as brands make more and more ridiculous claims about CBD oils. We’ve seen everything from “natural medicine” to “cure-all” labeled on CBD oils. CBD oil doesn’t actually “cure” anything, but scientific evidence does support its use for a variety of ailments and even mental health conditions.
More Research
CBD and hemp have been on the receiving end of plenty of stigma and even criminalization for the last five decades or so. President Nixon signed the Controlled Substances Act into law in 1970, and since then, hemp has been grouped together with the likes of other substances like cocaine. Fast forward to 2018, and President Trump signs the Agricultural Improvement Act into law, which contains regulations for the growth and cultivation of hemp.
Now that hemp isn’t outlawed, our scientists and researchers have to catch up on about fifty years of criminalization. We’ve already seen some promising studies on CBD oil and other products, and there’s even a CBD-based medication in use with FDA approval.
As more money, awareness, and regulations roll into the CBD industry, the research will expand and improve, allowing us to learn more about this awesome natural compound.
New Products
CBD is an incredibly versatile compound. From gummies to tinctures and beyond, it can be added to just about anything. We’ll likely see an evolution of hemp products as the years go on. CBD oil is simply too versatile and useful to remain by itself or in gummies and topicals. Some companies are creating specific hemp oil blends with other herbs like chamomile for sleep or turmeric for digestive health.
The bottom line is that the CBD industry is continuously growing, and it’s nearly impossible for the product lineup to remain the same with so much research and interest in CBD products. And are there more vouchers like Nuleaf Naturals coupons to emerge together with the rise of new CBD products? What kinds of products would you like to see in the next year or two?
Education and Awareness
Despite hemp’s current legal status and even scientific evidence to support the use of CBD oil, there are still five decades of stigma to contend with. When you run a smear campaign for nearly 50 years, you’re talking about an entire generation that’s been taught certain “facts” about Cannabis. The fact is, hemp is one of the most versatile plant species on the entire planet, with hundreds of uses aside from producing CBD.
As 2021 approaches, we’ll see brands focusing on educating the public about the safety, use, and legality of CBD and CBD products. Hopefully, this education and awareness will help lift some of the decades-old stigma surrounding hemp and Cannabis.
You can do your part in education and awareness as well; especially if you’re already using CBD oil. When someone asks about your gummies, oil, or topical, be sure to explain to them in detail what CBD is, what it does, and the difference between THC and CBD. Let’s all work together to make the world more aware of the incredible benefits this compound has to offer.
Here’s To The Future
The CBD industry is one of the fastest-growing industries in the nation’s history. With billions of dollars of revenue on the line, an uncertain economic future, and further regulation on the horizon, we’re pretty confident that CBD will weather the storm and continue to provide millions with the relief they need from conditions like chronic pain, anxiety, and more.