CBD Oil From U.S. Company Was July Sales Leader Says CBDReVu.com
Industry: Health & Fitness
New Brunswick, NJ (PRUnderground) August 1st, 2017
The top selling CBD oil product for July on the popular international destination for CBD product reviews was a pure CBD oil from a U.S. company, according to CBDReVu.com. See here for details about the July sales leader https://cbdrevu.com/cbdpure-hemp-oil-cbd/
Despite all the hoopla for legalized recreational cannabis it appears that an increasingly significant portion of cannabis related sales are coming from the CBD oil products market. CBD is mostly derived from industrial hemp and has no psychoactive element to it. In other words, people cannot get a marijuana type high from the substance. The expected growth of the marijuana products industry is forecast to hit over $22 billion in 2021 according to at least one industry market research company. In 2016, the market size was estimated to be $6.7 billion. A large part of the projected growth includes the medical marijuana market is in states such as Washington, Oregon, California and others as well as countries such as Canada, which is going fully legal soon, including recreational cannabis. Further, changes in attitudes towards pot as well as legalization victories all over the world are laying the groundwork for continued significant growth.
The interest is growing for CBD oil, an extract from hemp and cannabis plants and CBD is having a notable impact on the legal marijuana and hemp markets. Questions as to what, if any, real benefits from the extract substance exist as research studies thus far are limited. The market is also complicated by a murky legal landscape in various states in the U.S., but still the market for CBD is growing rapidly says CBDReVu.com see here https://cbdrevu.com/
Recently, a leading industry publication published a report indicating CBD is an expanding market in the U.S., with a recent growth rate of 59%. Data was obtained from the around the globe and included information from labs, farms, and retailers.
This coming election season in the United States in November of 2017 will see a number of states vote on the legalization of various cannabis products. The likelihood is very much in favor of an affirmative vote, according to some industry observers.
About CBDReVu.com
CBDReVu.com is based in New Brunswick, New Jersey, USA and writes about CBD products.
