The rise of the CBD industry
The CBD industry has seen exponential growth in recent years. It is increasingly common to see stores offering CBD products everywhere. Additionally, major cosmetics brands such as NYX Cosmetics, L’oreal and Estée Lauder have launched their own lines of CBD products. Even luxury brands like Loewe have ventured into this market, presenting a candle scented with marijuana essence.
Personalities and their investment in the CBD market
Not only brands are betting on the CBD market, but also celebrities and recognized personalities. Mike Tyson, Whoopi Goldberg, and Jay-Z are just a few examples of people who have invested in this business. Even David Beckham acquired a stake in the company Cellular Goods, which has seen a significant increase in its value.
CBD and its properties
CBD, or cannabidiol, is one of the active compounds present in the hemp plant. It is used to reduce anxiety, pain and sleep problems, among other benefits. Unlike THC, CBD is non-psychoactive and is not addictive. In addition, various studies have supported its anti-inflammatory, anticonvulsant and anxiolytic properties.
Ignorance and controversy
Despite the benefits of CBD, there is some controversy and ignorance around this compound. Some scientists argue that more studies are needed to fully support its properties. Additionally, many people do not understand the difference between CBD and THC, which makes it difficult to accept and understand CBD products.
The legal CBD market
It is important to highlight that the CBD market is legal in many countries, including Spain. In 2020, a ruling from the Court of Justice of the European Union endorsed its marketing, as long as it meets certain requirements. This has allowed the CBD market to grow significantly, both nationally and internationally.
The future of the CBD industry
The CBD market has enormous growth potential. According to expert estimates, the CBD market is expected to reach $20 billion by 2025. This represents a unique opportunity for companies and entrepreneurs who wish to enter this constantly expanding sector.
