{"id":1253,"date":"2019-05-01T03:28:24","date_gmt":"2019-05-01T07:28:24","guid":{"rendered":"http:\/\/sweethoneybeehealth.com\/cbd\/?p=1253"},"modified":"2019-05-01T03:28:24","modified_gmt":"2019-05-01T07:28:24","slug":"is-cbd-a-modern-day-gold-rush","status":"publish","type":"post","link":"http:\/\/sweethoneybeehealth.com\/cbd\/2019\/05\/01\/is-cbd-a-modern-day-gold-rush\/","title":{"rendered":"Is CBD a Modern-Day Gold Rush?"},"content":{"rendered":"

To hear some people talk about CBD, you would think that every one of us would be stockpiling this miracle substance. But while there is no doubt a lot of hype surrounding CBD, it does undeniably offer some health benefits<\/a> for users. In fact, scientific research is rapidly confirming many of CBD\u2019s most important purported benefits. Coupled with the growing anecdotal evidence of CBD\u2019s benefits, this seems like a great time to be getting into the CBD market.<\/p>\n

But what exactly is CBD and does it justify the current and growing level of interest? Let\u2019s take a look at both questions.<\/p>\n

What is CBD?<\/h2>\n

Cannabidiol is one of the many substances found in the cannabis plant. Unlike THC, the cannabinoid that causes the recreational effects of marijuana, CBD is present in both male and female cannabis plants. The male cannabis plant, called hemp, doesn\u2019t contain any THC and, therefore, doesn\u2019t produce psychoactive effects when smoked.<\/p>\n

Until the end of 2018, when hemp was legalized at the federal level, CBD had to be made synthetically. Now that hemp can be legally grown across much of the United States, many previously-hesitant businesses are leaping at the opportunity to cash in on the growing interest in CBD.<\/p>\n

How Do People Make Money From CBD?<\/h2>\n

There are a couple of different ways that businesses can make money from CBD. First, there is consumer retail. These are the people who sell CBD directly to the end user and they represent the end of the supply chain. These stores are supplied by wholesalers.<\/p>\n

Wholesalers, also known as distributors, buy CBD in large quantities, which affords them a substantial volume discount. If you\u2019re curious, here\u2019s a CBD distributor<\/a> that has written a helpful article on the subject.<\/p>\n

Finally, there are businesses who grow and process the hemp, extracting CBD oil. There are also some businesses that grow hemp and sell it to other businesses to be processed into CBD. Similarly, some businesses who extract CBD oil from hemp will then sell the processed hemp for various other processes that don\u2019t require CBD.<\/p>\n

How Big is the Market?<\/h2>\n

The CBD market is currently undergoing a period of rapid growth. Even in states where marijuana is legal for recreational use, CBD is still a popular and desired product. Selling CBD online is as easy as building an online storefront, bulk ordering some CBD, and then promoting your business using the right channels.<\/p>\n

There is definitely money to be made here by successful businesses. Interest in CBD has skyrocketed in recent years, mirroring the growing acceptance of cannabis in all its forms. Growth of the market is projected to continue well into 2020, and no doubt beyond. With so many people all rushing into the market at the same time, that projected growth<\/a> will be spread among a large number of businesses. It seems likely that the market will ultimately coalesce around a few big players who will then hoover up the most significant competition. However, for now, there are plenty of opportunities for individuals and independent businesses.<\/p>\n

CBD is no doubt a valuable substance with a great deal of potential. Doctors, dentists, vets, and other healthcare workers are increasingly finding that CBD can provide benefits to their patients. We are still just beginning to understand the underlying science. What we do know is that the purported benefits of CBD are increasingly proving to be true.<\/p>\n

It is inevitable that the market will eventually plateau when it reaches its maximum size. When that will be is hard to say right now, but it seems likely that we have at least a few more years.<\/p>\n

 <\/p>\n

Written by guest blogger, Jessica Peters.<\/em><\/p>\n

“Jessica Peters is a freelance writer from Melbourne who blogs about health and fitness. Jessica is an avid traveler and regularly crosses the globe to learn about other cultures while blogging from her laptop.”<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

To hear some people talk about CBD, you would think that every one of us would be stockpiling this miracle substance. But while there is no doubt a lot of hype surrounding CBD, it does undeniably offer some health benefits for users. In fact, scientific research is rapidly confirming many of CBD\u2019s most important purported benefits. Coupled with the growing anecdotal evidence of CBD\u2019s benefits, this seems like a great time to be getting into the CBD market. But what exactly is CBD and does it justify the current and growing level of interest? Let\u2019s take a look at both questions. What is CBD? Cannabidiol is one of the many substances found in the cannabis plant. Unlike THC, the cannabinoid that causes the recreational effects of marijuana, CBD is present in both male and female cannabis plants. The male cannabis plant, called hemp, doesn\u2019t contain any THC and, therefore, doesn\u2019t produce psychoactive effects when smoked. Until the end of 2018, when hemp was legalized at the federal level, CBD had to be made synthetically. Now that hemp can be legally grown across much of the United States, many previously-hesitant businesses are leaping at the opportunity to cash in on the growing interest in CBD. How Do People Make Money From CBD? There are a couple of different ways that businesses can make money from CBD. First, there is consumer retail. These are the people who sell CBD directly to the end user and they represent the end of the supply chain. These stores are supplied by wholesalers. Wholesalers, also known as distributors, buy CBD in large quantities, which affords them a substantial volume discount. If you\u2019re curious, here\u2019s a CBD distributor that has written a helpful article on the subject. Finally, there are businesses who grow and process the hemp, extracting CBD oil. There are also some businesses that grow hemp and sell it to other businesses to be processed into CBD. Similarly, some businesses who extract CBD oil from hemp will then sell the processed hemp for various other processes that don\u2019t require CBD. How Big is the Market? The CBD market is currently undergoing a period of rapid growth. Even in states where marijuana is legal for recreational use, CBD is still a popular and desired product. Selling CBD online is as easy as building an online storefront, bulk ordering some CBD, and then promoting your business using the right channels. There is definitely money to be made here by successful businesses. Interest in CBD has skyrocketed in recent years, mirroring the growing acceptance of cannabis in all its forms. Growth of the market is projected to continue well into 2020, and no doubt beyond. With so many people all rushing into the market at the same time, that projected growth will be spread among a large number of businesses. It seems likely that the market will ultimately coalesce around a few big players who will then hoover up the most significant competition. However, for now, there are plenty of opportunities for individuals and independent businesses. CBD is no doubt a valuable substance with a great deal of potential. Doctors, dentists, vets, and other healthcare workers are increasingly finding that CBD can provide benefits to their patients. We are still just beginning to understand the underlying science. What we do know is that the purported benefits of CBD are increasingly proving to be true. It is inevitable that the market will eventually plateau when it reaches its maximum size. When that will be is hard to say right now, but it seems likely that we have at least a few more years.   Written by guest blogger, Jessica Peters. “Jessica Peters is a freelance writer from Melbourne who blogs about health and fitness. Jessica is an avid traveler and regularly crosses the globe to learn about other cultures while blogging from her laptop.”<\/p>\n","protected":false},"author":1,"featured_media":1291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[42,4,43,306,44,49,529],"tags":[543,6,473,539,538,531,544,275,533,542,216,189,30,540,10,537,536,530,532,534,541,535],"class_list":["post-1253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anxiety","category-cbd-blog-posts","category-chronic-pain","category-general-health","category-guest-blogger","category-methods","category-selling-cbd","tag-cannabidiol","tag-cbd","tag-cbd-and-marijuana","tag-cbd-business","tag-cbd-distributor","tag-cbd-gold-rush","tag-cbd-health-benefits","tag-cbd-legal","tag-cbd-market","tag-cbd-projected-growth","tag-cbd-sales","tag-cbd-savings","tag-hemp","tag-hemp-market","tag-hemp-oil","tag-how-big-is-the-market-of-cbd","tag-how-to-make-money-from-cbd","tag-how-to-sell-cbd","tag-make-money-with-cbd","tag-marijuana","tag-sell-cbd-online","tag-what-is-cbd"],"yoast_head":"\nIs CBD a Modern-Day Gold Rush? - Sweet Honeybee Health CBD<\/title>\n<meta name=\"description\" content=\"CBD product reviews and articles. Find relief with CBD through personal experiences by people like you and educational articles from top CBD companies and professional health bloggers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/sweethoneybeehealth.com\/cbd\/2019\/05\/01\/is-cbd-a-modern-day-gold-rush\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is CBD a Modern-Day Gold Rush? - Sweet Honeybee Health CBD\" \/>\n<meta property=\"og:description\" content=\"CBD product reviews and articles. 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