The Billion-Dollar Business of CBD (Infographic)
And the industry is only getting bigger.
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.
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.
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.
Entrepreneur Editors' Picks
Tory Burch Built a Brand Around Empowering Women. Now Her Foundation Is Furthering Her Mission: 'How Do We as a Company Have a Positive Impact on Humanity?'
This Founder Had to Play College Basketball in Men's Shorts and Shoes, So She Launched an Athletic Clothing Company Named After the Now 50-Year-Old Title IX Act
Is Beyoncé's 'Break My Soul' the Theme Song of the Great Resignation?
You're Probably Falling for All of Amazon Prime Day's Psychological Sales Tactics. A Marketing Professor Reveals Them — and How You Can Actually Get the Best Deal.
Comedian Paul Virzi: 'If You're Not Authentic, You Have Nothing'
Struggling to Come Up With Creative Ideas? Try Doing This.
Picking a Winning Emerging Brand Is How You Get Rich in Franchising. Here's How to Spot One.