CBD Worldwide News
Since the United Kingdom first prescribed CBD medicines and creams based on Hemp, Israel, Germany, Portugal, many EU countries and particularly the United States have already seen the potential in the CBD business and are looking in to its cultivation for medicinal purposes.
“The current price of cannabis is very high and there is a high cost of entry into the business today, but it is certainly much more profitable than any other traditional crop.” – Stefan Meyer
Is the CBD Business Legal Worldwide?
Due to the low THC content in CBD which is less than 2% of the total dry mass, CBD is totally 100% legal. CBD contains 0.2 THC or under which is the legal limit in the UK and thus it does not get you high but only offers the therapeutic effects!
Marijuana contains more than 85 different cannabinoids. With the current technologies and the growing popularity of the cannabis plant, countless scientific tests are carried out every year. Therefore, one of the largest and most important discoveries of these studies refers to CBD. Cannabidiol is the most common cannabinoid in cannabis after THC.
The CBD Industry / Business is more profitable than many other investment at this time!
The world is currently going through a boom of companies rapidly focusing on the CBD industry and it is growing an an extortoinate rate! So much has been its growth that people prefer to invest in the CBD business than to invest in cryptocurrencies!
All those who came out of bitcoin and cryptocurrencies preferred to invest in CBD companies, because the movement, the explosion they bring, is very similar to the displacements of financial bubbles, as happened in the early days of cryptocurrencies.
The increase of the plantations is undoubtedly related to the economic possibilities that the CBD promises, being its profitability much higher than the cultivation of industrial hemp to obtain fibre or seeds.
CBD is Trendy!
In recent years, a large number of scientific studies have shown the beneficial health effects of controlled consumption of CBD, one of the cannabinoids found in the Cannabis Sativa plant.
The CBD is a growing component in many other sectors, among which stand out the food supplements (sublingual oils), food in general (Tea and Coffee particularly and chocolates, oils), cosmetics (creams, ointments, oils) or liquids for vaporizers, also known as e-liquids.
The enormous possibilities and versatility of the CBD, added to the climate of normalization and overcoming the stigma that has weighed on cannabis for decades, have served to attract the attention of investors, thus accelerating the growth of a flourishing market with very high profitable margins.
Every Country in the World Is Doing It!
After a long regulatory process in Israel, it inaugurated just a few months ago the largest cannabis plantation facility for medical use in the world: 90,000 square meters of surface area to produce 80 tons of hemp a year.
A few months ago, Portugal legislated in favour of the distribution of cannabis-based medicines and has already started a 10,000-square-meter plantation since last year.
Last year, the prescription of these drugs became more flexible and they also created a State Cannabis Agency to centralize the control of crops.
Spending on legal cannabis worldwide will reach 57 billion dollars in 2027 (about 49 billion euros), according to the projections of the consultancy Arcview Research. Of that figure, 33% of the expense will correspond only to therapeutic use, a market in which Europe will be a leader against the United States and Canada. Without hurry, but without pause, the CBD has come to stay. In the absence of a specific regulation, the sagacity, tenacity and the good eye of the businessmen will be fundamental to lead the CBD through the bureaucratic forest until it reaches the final consumer, as pioneering companies have already done.