There is still a great deal of confusion when the terms “hemp” or “CBD” are mentioned. Too many people still equate CBDs and hemp with marijuana and this isn’t always the case. Yes, for years cannabis was referred to as hemp by some people and yes, marijuana contains CBDs to some lesser or greater degree, but the CBDs on the market today are devoid of any psychoactive properties.
In order to understand why CBDs are great long-term investments, let’s take a closer look at what they are and how they work.
Hemp vs. Marijuana – What’s the Difference?
It was a common practice to refer to marijuana as hemp during the 60s and that expression is still in use today. This is part of the reason why legislators seemed to lump both marijuana and hemp in the same category and why it was so hard to get CBDs legalized in all 50 states. Actually, both hemp and marijuana are part of the cannabis species but they serve different purposes. While marijuana contains THC, the psychoactive component of pot, hemp contains none or amounts so miniscule as to be non-existent. CBD is the abbreviation for cannabidiol and that works on different receptors in the body than does THC.
Cannabidiol Is the Magic Word
Now, we’ve come to the magic word, cannabidiol, or CBD. Did you know that there are at least 25,000 uses or applications for hemp? This is the non-drug variety of cannabis strains that is used in everything from ropes to hurd which is the soft inner cellulose core that is used for its marvelous acoustic and thermal properties. Now let’s talk about CBD oils and tinctures for just a moment. These have medicinal uses and none of those uses will get you stoned. Lacking THC, cannabidiol can help to relieve pain and anxiety and can also help deter the onset of some degenerative diseases like dementia. Since it is only recently been approved as an OTC product with medicinal properties, the industry is starting to explode.
Tapping into a $417 Billion Industry
Here is where the light goes on! At the moment, marijuana is legal in roughly half the nation. The medical marijuana industry accounts for $417 billion annually and that is just a drop in the bucket when it comes to a long-term forecast. With so many people seeking the medicinal benefits without the high, the use of CBDs is growing exponentially by the day. Whether you want to invest in hemp stocks or purchase wholesale quantities to formulate a new line of CBD products, there are companies like Colorado’s Cope CBD wholesalers that offer great investment potential. It can be formulated into topicals, tinctures, oils and so forth. As an investment vehicle, there are literally unlimited long-term benefits.
Bear in mind that this is still a new industry and even if all 50 states were to legalize medical or recreational marijuana, there are many more people who choose not to use the drug but rather the non-intoxicating benefits of medicinal hemp. The industry is literally exploding so the time to buy in is now. How you choose to do so is up to you, but don’t lose out on what most market analysts are declaring to be a sure thing in the long term.