Cannabis is a booming industry for so many reasons. It’s becoming legalized and societally accepted each year.
A big reason for cannabis growth is the fact that individuals and companies are recognizing the value of hemp. Hemp is a subset of the cannabis plant that doesn’t have large amounts of THC.
Several cannabidiol (CBD) products come from hemp, in addition to industrial products of all types. Whether you’re an investor or someone who just appreciates what this plant can do, it’s vitally important that you stay up to date with 2021 hemp trends, and what it means for the future of this cash crop.
Below are some important points of hemp industry news that you should get to know.
Expect Growth to Keep Trending Upward
Sales from CBD products are poised to surpass $23 billion in the approaching years. Because of this, it’s only right that you get to know just how hemp is set to grow.
A big reason for hemp growth is that people are looking into health-conscious products today. People are disillusioned by food and medical products that are often detrimental. What’s more, the stigma of hemp and cannabis as a whole is becoming to fade, so people are more trusting of it, and looking into everything that the hemp plant can do for them.
New and Unique Products are Coming
There are a number of products coming out that are hemp-derived. Since CBD is skyrocketing in popularity, look for full-spectrum CBD to become a hot button product that is continuously on the rise.
The beverage industry is beginning to recognize the benefits of hemp since they are coming out with CBD-infused products that allow people to relax and destress. Look out for everything from hemp-infused water and software to craft beers with CBD to continue taking off throughout 2021 and beyond.
Companies like Pinnacle Hemp are putting out lines of bath and body products that consumers appreciate. Consumers are finding value in products like CBD bath bombs, soaps, and lotions.
Perhaps the biggest area of growth is in the pet demographic. People are recognizing what hemp and CBD can do for their pets, and are looking into everything from capsules to CBD-infused dog food.
More Cannabinoids Will Enter the Fray
While CBD is the most popular cannabinoid today that comes from the hemp plant, there are a variety of others that will become increasingly popular. Hemp has more than 100 cannabinoids, and more research is being done into them every single day.
Some other cannabinoids to keep your eye on including Cannabidiolic acid (CBDA), Cannabigerovarinic acid (CBGVA), and Cannabichromenenic acid (CBCA). By taking the time to get to know how each cannabinoid can help your health, life, and well-being, you will be in a great position to find hemp-based products that contain higher doses of each one.
Stay Tuned to the Latest Hemp Industry News and Notes
When you consider the points above, it’s clear to see that exciting things are happening in the world of hemp. Make sure that you stay tuned to the most important hemp industry news and notes so that you always know what’s going on.
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