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This sales strength comes amidst a proliferation of topical CBD products of questionable value being offered by a number by national retailing chain stores across the country. As national chain stores seek to get a piece of the exploding CBD market, most appear to be doing so on a limited basis by offering only topical CBD lotions and creams instead of the more popular ingestible CBD products. New product introductions in the CBD space have been growing quickly in 2019 likely as a result of the 2018 Farm Bill, which accelerated the growth of the CBD market in a big way. Many market participants view the Farm Bill as Federal legalization of CBD but this interpretation of the law is controversial while many individual state laws still prohibit CBD. It is all very confusing but one thing that is certain is that the passage and signing of the Farm Bill accelerated the growth for this booming new industry. Thus far 2019 has been a huge year for CBD sales with estimated sales topping over $5 billion dollars, representing a significant increase of 2018 sales to the tune of an increase of over 700 percent. As a result of the booming sales and massive consumer interest in the substance big retailers are sticking a cautious toe in the water by offering only topical CBD creams and lotions. The problem is that there is no scientific evidence that there is any benefit to using topical CBD. And, although solid scientific evidence of benefits from ingestible CBD does not exist either, there is a fair amount of anecdotal evidence that some benefits may exist for some users of the substance. Meanwhile, proper scientific research is needed.
CBD is also known as cannabidiol. For CBD products to remain in compliance with most state laws, the CBD product must have tiny or zero levels of THC. The legality of CBD is confused and murky at both the state and federal level. This is likely why big national chain stores are cautiously approaching the CBD market by offering only topicals and creams. Tetrahydrocannabinol (THC), the best-known compound in marijuana, is the substance that produces the marijuana high. But CBD does not produce any such psychoactive effect.
According to industry observers, CBD made from hemp must contain less than 0.3% THC, the psychoactive ingredient in cannabis, in order to be legal. But there are differences of opinion as to what is and what isn't legal in the murky, confused arena of CBD. However, CBD products made from cannabis with levels of THC in excess of 0.3% are certainly illegal except in those states that have legalized marijuana. So, the low THC (less than 0.3%) or zero THC CBD products are the much larger market drivers at this point in time, as most established CBD companies are shipping their low or zero THC CBD products across the country.
Consumers can do product comparisons at a glance on CBDReVu and evaluate the basic facts about most of the leading CBD companies, which has become a leading information warehouse for consumers shopping for CBD. There consumers do quick brand comparisons for most of the popular CBD brands including such well-known brands such as Charlotte's Web CBD, CBD Essence, NuLeaf Naturals, Garden of Life CBD, Kannaway Pure, Vitamin Shop CBD, CBDMedic, Sensi Seeds, CBDPure, Hemp Meds RSHO Real Scientific Hemp Oil, Bluebird CBD, SpaRoom CBD, Irwin Naturals, Rick Simpson Oil, CBDPure Cream, Elixinol, PureKana, Restorative Botanicals and other brands.
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