CBD Industry Projected Growth of Close to $20 Billion by 2022

Whether you’re a CBD user or an investor, you’re probably wondering what the future of the industry looks like. With the recent Farm Bill, CBD production has increased tenfold and has gathered quite the following across the United States. From California to Maine, we’re seeing a massive increase in the information and choices available to consumers, as well as a rush from investors and fortune-seekers jumping into the industry. Here’s what the future of CBD and CBD gummies looks like, and why now is a good time to get into the business.

The CBD Industry

2018 saw the introduction of the Farm Bill, which removed hemp and CBD from the list of prohibited controlled substances, so long as industrial hemp is grown with a maximum 0.3% THC content or less. The Controlled Substances Act of 1971 pretty much lumped all cannabis products under the marijuana category, which is listed as a schedule one drug still (next to heroin, LSD, and more harmful substances).

The CBD industry has experienced quite the growth spurt since the Farm Bill went into effect; so much so that farmers are struggling to keep up with the demand. Investors are scrambling to get a piece of the pie, and with a projected worth of close to $20 billion by 2022, it’s easy to see why so many are interested.

Seldom have we seen such an industry explode as CBD has, but marketing efforts have made CBD something of a hot item. While the research may be slim, what we do know is that CBD has several positive effects on the body and brain; from managing pain and anxiety to minimizing inflammation and even helping with depression. This, combined with the testimonials from millions of CBD users across the globe, has been more than enough to provide CBD products with the positive press needed to catapult the “miracle compound” into the spotlight.

Some experts even believe that CBD will surpass the marijuana industry in certain states in terms of growth and profits. CBD provides similar benefits without the “high” you get from marijuana, which is due to another cannabinoid present in the cannabis plant: THC. CBD makes for a good alternative, since it won’t show up on a drug test and has minor side-effects.

Gummies’ Popularity

Of all the CBD products available, CBD gummies from top-notch providers like Verma Farms seem to be a favorite among users. Their convenience, discretion, and long-lasting effects set gummies apart from other methods such as oils and tinctures. Where oils are taken under the tongue and are felt rather quickly, gummies go through the lengthy digestion process; making them slow-reacting and long-lasting.

You’ll want to buy gummies from a high-quality brand so as to get the most value for your money. Lower-quality CBD tends to have minor effects and can actually cost more in the end. You get what you pay for, essentially.

If you’ve ever considered using CBD, gummies are a great place to start. They’ll usually contain a small dose (most start at 25mg), so you can adjust your dosage as you go without having to measure anything. This makes it incredibly easy for people of all legal ages and backgrounds to get their CBD without any complexity. If you want to a more in-depth look at the benefits and drawbacks of CBD gummies, Entrepreneur published a helpful article on the subject and has some great recommendations.

The Future

So, what does the future of CBD gummies look like? With such incredible growth in the CBD sector, we think it’s pretty safe to assume that gummies will continue to ride the wave well into the future. It’s predicted that the industry will be worth billions in the coming years, and with CBD gummies being a favorite among CBD users, they’re probably not going anywhere anytime soon.

Of course, as with any industry, estimates are just that; estimates. Anything could happen in the next decade, but with the strength of the user base and thousands of investors behind it, it looks like the CBD industry is here to stay. This giant of a market is becoming one of the fastest-growing in the world, and with more research, its potential can only increase.

The Bottom Line

CBD gummies are safe, convenient, and cost-effective. Users prefer them for their simplistic nature, and with so many providers available, they’re easy to get ahold of. It’s important to remember that high-quality CBD products are always a better investment, and cheap knock-offs only serve to cost you more money in the end. Overall, the CBD industry is stronger than ever and growing with every passing year.

Melissa Thompson
Melissa Thompson writes about a wide range of topics, revealing interesting things we didn't know before. She is a freelance USA Today producer, and a Technorati contributor.