The CBD oil industry is already a multi-million dollar market with projections of reaching $1 billion in product sales by 2020. Because hemp-based CBD doesn’t contain any THC, people don’t become high with every use – a unique characteristic that only increases the popularity of this cannabinoid compound. And with the federal reclassification of industrial hemp, all 50 states have become authorized to establish agricultural programs solely to cultivate industrial hemp – many for CBD extraction purposely. Analysts have even predicted the market for hemp-based CBD to soon surpass the legal marijuana industry.
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Full spectrum CBD oil consists of CBD or cannabidiol, terpenes and 0. 3 percentage of the psychoactive cannabinoid, tetrahydrocannabinol (THC). Even though the full spectrum oil consists of THC, it does not impose any intoxication effects because it is below 0.3 % which is legally approved for use in the United States and around 30 different countries Internationally.