In recent years, the popularity of CBD (cannabidiol) has soared as people look for natural alternatives to improve their overall well-being.[0] Unlike its counterpart THC (tetrahydrocannabinol), CBD does not induce psychoactive effects, making it a desirable option for many. This has led to the rise of THC-free CBD products, such as 32d CBD, which offer a wide range of potential health benefits.
One of the main appeals of CBD is its non-psychoactive nature, meaning it does not cause a “high” like smoking marijuana or consuming edibles might. However, CBD has been found to have numerous potential health benefits, including reducing anxiety and depression, relieving pain, and improving sleep.
CBD has become a prominent player in the health and wellness industry, with its therapeutic properties being extensively researched and utilized in various forms. Topical CBD products, in particular, have gained popularity for their localized effects on muscle and joint relief.[0]
The popularity of CBD products has skyrocketed in recent years, especially after the federal decriminalization of CBD in 2018 through the Farm Bill.[1] This bill allowed producers to sell hemp-derived cannabinoids containing up to 0.3% THC.[2] This legalization has opened up opportunities for CBD companies to market and sell their products more freely.
Meta, the parent company of Facebook, Instagram, and Threads, has recently updated its cannabis advertising policy to allow the promotion of non-ingestible CBD products with certain limitations.[3] This follows similar policy revisions by other major platforms like Twitter and Google, which have also relaxed their rules for promoting CBD products. These policy changes reflect the growing acceptance and legalization of hemp and its derivatives, as well as the expanding movement for marijuana legalization.[3]
In light of the new regulations surrounding CBD in Virginia, some CBD businesses have chosen to close their doors and relocate to states with more favorable regulatory environments.[4] Old Manchester Hemp Co., for example, closed its retail storefront and hemp-growing facility in Virginia and is in the process of relocating to Washington, D.C.[4]
It's important to note that forward-looking statements have been made regarding the CBD industry. These statements involve risks and uncertainties that could impact the projected results.[5] Factors such as obtaining raw materials, fulfilling purchase orders, securing financing, and the effects of COVID-19 are all potential factors that could affect the industry.[5] It is crucial for businesses and consumers to stay informed and updated on the ever-evolving landscape of the CBD market.
Overall, the rise of CBD usage and intake has sparked a significant shift in the health and wellness industry.[0] People are increasingly turning to CBD as a natural alternative for various health concerns. As regulations continue to evolve, it is essential for both businesses and consumers to stay informed and navigate the CBD market responsibly.
0. “Unveiling the Power of 32d CBD Topical Cream Products – 32d CBD” www.32dcbd.com, 10 Aug. 2023, https://www.32dcbd.com/news/unveiling-the-power-of-32d-cbd-topical-products/
1. “Flight Attendants Warned to Steer Clear of Popular CBD Products …” www.paddleyourownkanoo.com, 10 Aug. 2023, https://www.paddleyourownkanoo.com/2023/08/09/flight-attendants-warned-to-steer-clear-of-popular-cbd-products-because-they-could-result-in-a-positive-drug-test-and-termination/
2. “Meta Allows CBD Advertising” mgmagazine.com, 10 Aug. 2023, https://mgmagazine.com/cannabis-news/meta-allows-cbd-advertising/
3. “Meta Will Now Allow Limited CBD And Hemp Advertising On Apps …” www.marijuanamoment.net, 10 Aug. 2023, https://www.marijuanamoment.net/meta-will-now-allow-limited-cbd-and-hemp-advertising-on-apps-like-facebook-and-instagram/
4. “Another area CBD shop shutters its operations to move out of Virginia” www.wtvr.com, 10 Aug. 2023, https://www.wtvr.com/news/local-news/another-area-cbd-shop-shutters-its-operations-to-move-out-of-va-after-new-regulations
5. “Panacea Life Sciences Holdings, Inc. Celebrates National CBD Day …” www.morningstar.com, 10 Aug. 2023, https://www.morningstar.com/news/globe-newswire/8889472/panacea-life-sciences-holdings-inc-celebrates-national-cbd-day-august-8th-by-shifting-to-an-everyday-low-pricing-model-to-meet-customer-needs
