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CBD Oil is the most hottest ingredients currently in the U.S. market. Every company and retailer is jumping on the CBD bandwagon as with a wide range of new CBD based products to cater to the larger consumer force.
The hemp substance was made legal by the federal law few months back, and business leaders are ever since mapping up their production and distribution of CBD infused products.
“Beauty products infused with cannabidiol, or CBD, are predicted to grab hold of 15% of the $167 billion skincare market in a decade,” announced Jefferies. They further stated that CBD based products will flood the market drive tremendous commercialization to the substance.
Stephanie Wissink, an analyst at Jefferies said in a note out in March, “Consumers’ interest in wellness, natural ingredients, medicinal benefits and the legalization of marijuana in several states/countries have catalysed interest in CBD beauty,”
She further added that CBD based beauty products will generate $25 billion revenue globally in a decade representing 15% of the $167 billion skincare market. CBD is indeed one of the most eminent and profound phytochemicals found in cannabis.
While most of the states have legalized the substance, lawmakers still hold back in some places as to what effect CBD could have on people, especially teens and the younger generation. The legalization of the hemp derived CBD can be attributed to the 2018 Farm Bill which removed cannabis plant or “hemp” from its controlled substance list.
Celebrities revel in the new product as it shows promising health benefits and healthy skin results. Kim Kardashian West, Kristen Bell, Emma Roberts, Whitney Ports and many others have taken to their social media accounts to showcase their love for CBD oil.
CBD infused products are not just limited to beauty products but also include a range of health and lifestyle products such as lotions, creams, oils, gummies, candies, beverages, popcorn, coffee, cakes and many more.
While the federal law allows the use of CBD, the U.S. Food and Drug Administration contradicts with this and prohibits CBD infused edibles for consumers. The FDA has strictly allowed CBD only in a drug which is used to treat 2 rare cases of epilepsy in children.
The agency announced a public hearing in May, it will discuss the regulatory policies on CBD and how it can be safely used for foods and drinks. This massive gap between the government and the regulatory body has led to gaps and confusion amongst companies, consumers and producers.
Despite of this, many companies have anyway produced their own line of hemp and started selling CBD infused products on the front shelves for users. CBD oil is a major success in the Ohio Valley.
Fredrick’s Day Spa and Salon has been selling an array of CBD based products since June 2018. The spa sells not just in traditional drops but chocolate bars, gummie bears, and dog biscuits, pet peanut butter and other animal friendly edible products as well.
The “CBD Wellness Centre” inside the salon sells these products, Fredrick Decihazza said in an interview that they were just not able to contain the CBD products to the shelves. According to Fredrick, they use CBD oils in several spa treatments, stretching from pedicures to facials.
Since the FDA is yet to set regulations for the product, they treat people of all ages, from 14 year olds who suffer anxiety to 80 year olds trying to cope up with inflammation.
Consumers are curious about the health benefits of the substance, but Fredrick encourages his prospective customers to consult their medical examiners first before using CBD oils. He admits that there has not been any serious case of side effects of the oil but CBD does have a potential to conflict with other medications.