Expectations on the future of marijuana and related products are high. With marijuana stocks generating immense market hype, is the excitement warranted? In 2016, the sales of marijuana and related products totaled $6.7 billion. According to Bloomberg, this figure could become $50 billion by 2026.
The simple answer is: Marijuana and related products have a wide application of uses.
The long answer is more intricate. The term, “marijuana industry,” is a misnomer; it fails to encompass another important part of the industry – hemp. The “cannabis industry” would be the correct term because marijuana and hemp derive from the same plant (Cannabis sativa).
What is the key difference between marijuana and hemp? They both contain different levels of the psychoactive substance tetrahydrocannabinol (THC): marijuana containing 12% THC on average and hemp containing less than 1%. This single linchpin affects their uses.
Marijuana is used for either recreational or medical purposes. Marijuana triggers the release of the feel-good hormone, dopamine, and various other side effects that entice recreational users. Research studies suggest that marijuana can also alleviate Symptoms of medical conditions, such as epilepsy, glaucoma, pain, inflammation, anxiety, and many more. However, more research needs to be performed to verify marijuana’s medical effects.
Hemp is so versatile in its usage that it can benefit almost every industry. Its stalks can be used for making clothes, rope, bio-plastics, and construction materials; its seeds can be eaten as food; and its oil can be used for cosmetics and biofuel. Its lightness, cheapness, and tolerability to climate allow hemp to be the perfect sustainable substitute for many environmentally unfriendly materials now.
The huge potential of CBD products is the reason why Remedi is determined to commit multiple advisors and resources to the R&D of such products. Finding innovative solutions focused on health and wellness, using products derived from hemp, is Remedi’s mission; this means giving back to society by providing CBD products that will improve people’s well-being and surroundings.