After taking into consideration the growing use of CBD products all over the globe for different health benefits, many results have come forward related to it. According to a recent Gallup survey, one in seven Americans makes use of CBD products for treating the pain, anxiety and sleep problems. And the mass-market retailers have also been increasing in the market in order to provide a wide variety of CBD items to people in every corner of the world.

As per the reports of the market research firm, the Brightfield Group, the CBD annual sales in the US market currently stands at $600 million and it is likely to grow by a factor of 40 to reach $23 billion by 2023. In most of the US states, a wide variety of CBD products have been available in, online as well as offline stores, to help people get some health benefits from them. And in the near future, a high number of large retailers are going to make the entry into the US in this sector. Even food and beverage items manufacturers are making plans to flood the world with CBD ice cream and beer. This is simply because of the high demand for these products in pop culture.

People in the US have also been making use of CBD for dealing with depression, muscle spasms, digestive issues, and skin ailments. Not just this, there is a handsome share of people who give it to their dogs and cats for curing them of health issues. It has also become quite common to use it for treating cancer, Alzheimer’s disease, and Parkinson’s disease. There many evidence available which assure that CBD products are capable of relieving 90% of all symptoms of all its patients.

Except for the case of rare epilepsies, no specific proof has been found in clinical trials carried out on various CBD products. And many experts even said that it is the placebo effect which is making people believe the health benefits of CBD products. Many scientists have said that CBD is reasonably safe but there is no solid data supporting the non-harming effects of CBD in humans. Since people are not developing any health issues with the use of CBD products, the demand for such products is increasing all across the world. In Canada also, people are buying CBD on a large scale for health benefits. The sale of CBD Oil in Vancouver is increasing steadily and it will show significant growth in the future.

Scientists even believe that further testing is needed to uncover more benefits of CBD in clinical trials. In Europe and Israel, CBD research has reached a long way in comparison to that in the US. Over 500 trials are in progress to determine the clinical trials in order to learn the suitability of different CBD products for different patients. Clearly, this is a new option which is likely to gain popularity with the availability of more results related to the positive effect of CBD on various health ailments.

The growth in the production of CBD is likely to increase once it gets introduced into popular consumer products, such as cosmetics. Currently, most of the CBD products are available in the form of tinctures and capsules. However, some of the manufacturing firms have started selling a variety of lotions and balms, with the inclusion of CBD products into it.