Most CBD enthusiasts have been at least intrigued by hemp since the industry first began and have therefore had the honor of watching it evolve over the last ten years. If there’s one thing that we can say for certain, it’s that the past decade has shown us that CBD isn’t going anywhere. In fact, economic experts predict big things for the hemp market over the next few years, which means that there’s no sign of it slowing down. At last, we can say once and for all that CBD is so much more than a passing trend.
For those of us who are avid CBD users, it’s hard to imagine a time when this industry was not around. So many of us have found that CBD has changed our lives, and sing its praises daily. But, not too long ago, practically no one knew what CBD was or how it was any different from marijuana.
Now that we’ve just passed an entire decade, we’re going to reflect on how the industry has grown and evolved throughout the 2010s. Then, we’ll talk about what we expect to see from the industry in the decade to come.
CBD Throughout the Past Decade
Remember when you first heard about CBD? Chances are that you do, because it really wasn’t that long ago. This industry really only came into public existence after new laws passed a handful of years back that allowed hemp to be legally cultivated once again. Part of this change had to do with the reclassifications of cannabis as controlled substances, as hemp was finally considered an independent substance with no psychoactive properties.
Now, it’s hard to imagine a time without CBD, especially for those of us who have it as part of our daily routines. But, if you remember, the early stages of the industry were tucked away in the underground, with many people being afraid to try it due to its close association with marijuana.
So, just how much has CBD evolved over the decade? Well, let’s take a look.
More Delivery Methods for a More Customized Experience
At first, most CBD companies only offered one or two types of products – maybe a tincture and an edible. Now, however, we know that there are so many exciting delivery methods out there, such as topicals, capsules, beverages and vape oils, with each allowing those compounds to absorb into the body in their own unique ways. The more delivery methods available, the easier it is for consumers to customize their own individual hemp experience.
Advancements in Technology for Improved Accessibility, Affordability and Bioavailability
CBD has grown a lot in terms of financial success, which has allowed legitimate testing to be done on a scientific level. We’ve been able to make CBD more bioavailable with nanotechnology and methods used to create different extracts for different peoples’ needs. We’ve also determined ways in which to make CBD more accessible by creating techniques for yielding more female plants, better farming methods and more streamlined extraction processes. And, of course CBD has become more affordable due to technological advancements relating to the manufacturing process of producing CBD goods.
New Discoveries and Clinical Studies
As CBD has grown in popularity, more and more respected medical researchers have done clinical studies in support of hemp. These studies have allowed the general public to trust this plant more and more, while helping us figure out how to finetune our own personal CBD experience to better accommodate our unique needs.
CBD for Pets
We’ve also created a whole submarket for our furry friends. The veterinary community is largely open to pet owners giving their companions CBD, and so more and more products are coming out with cats’ and dogs’ needs in mind.
More Acceptance from the Medical Community
Last but not least, we’re pleased to say that the medical community is far more open to CBD than ever before. Nowadays, lots of doctors actually encourage patients to try it, because they’ve had time to look through clinical studies and test CBD out for themselves.
The Future of CBD: What We Expect to See Over the Next Ten Years
It’s predicted that the CBD industry will be worth tens of billions of dollars before the decade is through. Seeing the ways in which the industry is rapidly evolving, this doesn’t sound so farfetched. For instance, we’re seeing major retailers embrace the idea of selling hemp-infused goods on their shelves. We’re seeing trusted brands adding CBD to their formulas. The FDA has even begun approving a CBD-based drug that may have dramatic effects on childhood epilepsy.
Meanwhile, more CBD products are being produced than ever before, each with their own unique formulations. Now, companies are managing to extract terpenes from highly desirable strains to better target customers’ unique needs. We’re seeing nanotechnology being used to allow for water-soluble CBD products, which is something that we didn’t think was possible before. And, we’re hearing that more and more studies will be coming out over the next few years so that we can gain an even deeper understanding into this unique plant, and what it can do for our endocannabinoid system.
We’re Pleased to Say that CBD is Here to Stay
The CBD industry has evolved tremendously over the last ten years. And, considering how successful the industry is to this day, we know that even more exciting things will be in store for us throughout the 2020s.