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4 CBD Market Trends Taking Over the World

Have you been hearing lots of news about the benefits of CBD yet feel uncertain what the most important trends will be in the future? While CBD continues to grow in popularity, it is easy to feel overwhelmed by everything that you might be hearing. Yet there are several global CBD trends that are bound to impact the future of this important compound.

If you want to find out about four big CBD trends taking over the world, read on and we’ll tell you everything you need to know.

1. CBD Oils Will See a Rise in Popularity in North America

You might be surprised to know that CBD market projections suggest that the cannabidiol market will have a value of more than sixty billion dollars within the next four years. This includes things like oils, tinctures, tablets, and creams.

Out of all of these, it’s CBD oil that is probably going to rise in popularity more than any other kind of product. This might not be so surprising since it’s already been dominating the market for the past three years.

Mental health institutes are also getting on the bandwagon for CBD oil because it is becoming much more popular for treating mental illnesses such as depression and anxiety.

2. People Will Start Using CBD More Often for Treating Chronic Pain

CBD industry statistics suggest that the market for CBD that people use for treating pain will have a value of more than twenty billion dollars within the next five years. This is probably due to the fact that more and more people are realizing how effective it is at treating their pain.

The oil has important benefits for users which alternatives don’t have, most importantly that it is not addictive like opioids are. Since Opioids are currently one of the most common ways that people treat pain, it makes sense why CBD oil will be more popular for those who are treating their pain.

3. Governments Around the World Will Start Legalizing CBD

It is taking time, but governments around the world are taking notice of the benefits that CBD offers to its users. This is why it’s very likely that more countries will be legalizing the compound. Global CBD use is probably going to increase.

It is currently only legal in certain parts of the world. For example, it is illegal in all of Africa except South Africa. If you want to find more about its current legal status in this part of the world, consider taking a look to find more info.

4. Global CBD Will Be More Popular in Cosmetics

The overall sales of CBD within the cosmetic industry will probably double over the next four years. The reason for this is that CBD is proving itself to be very effective at treating skin conditions.

People Are Catching on to the Benefits of CBD

CBD use is bound to increase around the world. It’s also likely that global CBD legalization will offer many new business opportunities for treating mental health.

If you want to find out more about the CBD industry check out the Business section of our website. Here you’ll find many helpful articles on this important topic.

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