The American cannabidiol market has been growing at unprecedented rates in recent years. With an expected CAGR of 42%, the industry will hit a $13 billion valuation by 2024. Several factors have helped push this growth, with the medicinal properties of CBD being the main driver. CBD seems to everywhere lately, from skincare products to pet treats coming infused with this hemp-based derivative.
People also buy CBD capsules online as it provides various medicinal and therapeutic benefits. This article will explore the reasons for CBD capsules trending across the US and explain how these products work.
CBD Industry: An Overview
The CBD industry felt a significant growth spurt in 2018 when the American government passed the Farm Bill, which legalized the sale of hemp products in the US. Favorable legislation coupled with growing customer demand has led to the proliferation of such products into mainstream markets.
The CBD industry has … Read the rest