According to a recent Gallup poll, 14% of Americans personally use products containing cannabidiol (CBD). In the United States, 85% of people do not yet know the cannabis-derived ingredient or are not currently using it. 14% of Americans consume CBD
Cannabidiol is a non-psychoactive component of the cannabis plant. Unlike recreational cannabis, which tends to contain high concentrations of tetrahydrocannabinol (THC), CBD does not affect people’s consciousness. However, many people use CBD products for their perceived health benefits. The Gallop survey shows that 40% of cannabidiol users cite pain relief as one of the main reasons they take CBD.
Anxiety (20%), insomnia (11%) and arthritis (8%) are the other most cited reasons for using CBD. Although the vast majority of Americans currently do not use CBD, usage may increase dramatically in the coming years.
The 2018 Farm Bill legalized the production and sale of hemp-derived CBD when President Trump signed it in December. Since then, many companies have increased their CBD production and distribution capabilities.
A recent Gallup poll found that 14% of Americans consume CBD products.
In June, Canopy Growth announced that it already harvested hemp in seven states. The cannabis giant also said its US-based operations would expand to more than 4,000 acres at full capacity, of which about 1,000 would be dedicated to Hemp with high CBD.
In total, CBD sales in the United States could reach $ 23.7 billion by 2023, according to the Brightfield Group