Fairfield Market Research’s upcoming report states that the global CBD hemp products market is at an important juncture as research related to non-psychoactive ingredients gains popularity amongst medical scholars. The medical fraternity has pointed to several underlying factors that vindicate the health benefits of CBD hemp products for humans. Some of the common areas of application for these products include pain-relieving pills, sleep-inducing medications, and anti-anxiety tablets.
In 2018, a report published by the World Health Organization (WHO) found no visible or potential harms associated with the use of CBD in humans. On the contrary, the report suggested a spectrum of medical applications of CBD. Since then, the findings of the report have created headways for the growth of the global CBD hemp products market. In recent years, several new lines of medical research have emerged, aimed at uncovering the potential benefits of administering CBD in humans.
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CBD Gaining the Status of a Medicinal Product Across Europe
Some of the best-known European countries such as Italy, Bulgaria, Czech Republic, and Greece have legalized the use of CBD products, with certain limits related to their THC content. This is an important driver of demand within the global CBD hemp products market. The general law for the European Union (EU) also permits the use of CBD products with less than 0.2% THC content. On account of these factors, it is safe to say that the CBD hemp products market has a formidable opportunity at its disposal across Europe. However, laws related to consumption, sale, and purchase of CBD products are rather complicated across the US. CBD is grouped as a Schedule I controlled substance in the US, creating challenges for vendors looking to enter the regional market.
Treatment of Geriatric Diseases with CBD to Support Market Growth
The potential of CBD to treat epilepsy in children and adults has caused a stir across the medical research fraternity. As researchers explore the feasibility and potential of such a treatment line, the global CBD hemp products market is projected to make lucrative gain in the forthcoming years. Furthermore, WHO has found preliminary evidence to prove the effectiveness of CBD in treating geriatric diseases such as Alzheimer’s, Parkinson’s, and psychosis. As new research lines emerge across the globe, CBD products would continue to attract the attention of the medical and healthcare industries.
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Regulation, Warnings, and Pre-Usage Assessment to Remain Key for Initiating Sales
Despite the proven efficacy of CBD products in managing several health conditions, their usage is subject to warnings and proper medical supervision. For this reason, vendors operating in the global CBD hemp products market are required to adhere to policy regulations pertaining to regions and countries. Besides, CBD is also found to induce side-effects such as fatigue, diarrhea, and appetite loss. This could be a point of contention in relation to the use of CBD hemp products. However, treatment of heart diseases, acne, and even cancers has emerged as a strong argument in favour of using CBD hemp products.
Some of the leading players operating in the global CBD hemp products market are CuraLeaf Holdings, Charlotte's Web, Trulieve Cannabis, Elixinol, CV Sciences, and Medical Marijuana Inc.
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