The Billion-Dollar Business of CBD (Infographic)

And the industry is only getting bigger.
The Billion-Dollar Business of CBD (Infographic)
Image credit: yavdat | Getty Images
1 min read

While recreational and medical marijuana are slowly infiltrating the market, CBD is as well. Unlike marijuana, however, the CBD business avoids all of the legality issues of selling and distributing the highly-debated drug.

Related: 12 Cutting-Edge Marijuana Marketing Tactics That Work

CBD stands for cannabidoil and doesn't contain THC, so CBD won’t get a person high. It's used for pain management and to treat anxiety and depression, immune issues and more. CBD is a $1 billion industry, and its sales are estimated to grow to a whopping $22 billion by 2022. The most common CBD product is CBD oil, which can be taken as a dietary supplement, as drops, through an e-cigarette and even as lotion.

Related: The Hemp Business Is Booming (Infographic)

From sleep disorders to appetite and weight loss -- CBD has a number of medical and therapeutic benefits. Whether you’re looking to launch a new CBD business or try some out yourself, learn more about CBD by checking out BestCBDOils.org’s infographic below.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur