cbd

The state of New York has decided to regulate the production, distribution and sale of cannabidiol (CBD). This product has been widely used for several years and can be purchased in many stores and businesses. (Americachip)

The state Department of Health has begun accepting applications for businesses that process, sell, or distribute this product, which in the United States cannot contain more than 0.3% tetrahydrocannabinol (THC), the main psychoactive component of cannabis.

So yes! CBD is legal in the US based on its many benefits, as proved by science.

CBD is sold in many products, to which relaxing properties are attributed – such as the high-quality CBD buds on Justbob and other CBD products online, from body oils to “vape” cartridges.

“Opening up the application process for businesses looking to be a part of New York State’s growing hemp industry is a crucial step in expanding our economy. The licenses give processors, distributors and retailers the ability to ensure the long-term viability of the hemp industry”, as Governor Andrew Cuomo said.

Better regulation

The authorities have assured in a statement that the regulation of CBD is part of a broader program whose objective is to organize “the growing cannabidiol industry in New York while protecting consumers” from possible products that do not meet quality standards.

New York launched a pilot program in 2015 to develop the cultivation and industrialization of hemp. As a result, according to a statement from the governor, the State has become one of the leading producers in the Country. (https://cobblerexpress.com/)

In addition to CBD, hemp is exploited for other purposes, such as the textile industry, furniture, food, or fuel production.

“Any business that sells or wants to sell CBD-containing products to consumers in New York state must obtain a license”, said the State health officer, who noted that out-of-state producers and distributors must also obtain a permit to trade the product in New York.

The State has been trying to regulate the production and consumption of this product for months and, as early as July 2019, it banned the offering of foods and drinks with cannabidiol.

Cannabis oil, the star product in the US

Healing properties are attributed to cannabis oil – it helps fight epilepsy, nausea, arthritis and migraines, among others.

Cannabis oil has become one of the most demanded direct sales products in the United States, carried out by women entrepreneurs who use Facebook and other social networks to attract the attention of their potential customers.

For decades, these housewives’ most popular direct sales products were Tupperware plastic containers, Avon beauty items, jewelry and Herbalife herbal medicines, among others.

The first great revolution came with the sale of sex toys and spicy lingerie by these women, who would get together to buy and sell these new products to friends and neighbours.

The University of Michigan offers a bachelor’s degree in marijuana.

And now, housewives looking for extra income sell and recruit more online sellers to sell products made from cannabidiol (CBD), one of the two most essential components of marijuana.

Medicinal properties

And it is that the new star product is cannabis oil, which among its medicinal properties, would relieve seizures of epilepsy, nausea, arthritis, migraine, inflammation, lack of sleep, or depression.

In most of the United States, smoking marijuana is still illegal. Still, a ban on its recreational use did not prevent billion worth of cannabis-derived products, including medicinal and edible products, from being sold in 2018. (elcpinellas.org)

Marijuana: a big business

The marijuana industry is a big business, which in 2017 sold 9 000 million, reached 11 000 million last year, and projected a turnover of 21 000 million in 2021.

In his analysis of the market and its trends for 2019, to which EFE had access, Adams predicts that the use of advanced technology will allow “a new variety of products” to be brought to consumption.

Other products made from cannabidiol

Among them are powders to dissolve in food or drinks, inhalers, strips that dissolve in the mouth, or even suppositories.

These will add to the current most popular ways to consume cannabis without smoking, ranging from traditional flowers to processed products such as aromatic dropper oil and vaporizers.

There are also dietary supplements, baked goods, chocolate bars, candies and fruit gummies, lotions, scrubs, balms, hemp oil capsules, deodorants and crystals.

Mike Tyson will open a “marijuana ranch”

Adams also highlighted in his analysis that the marijuana business is supported by more than 120 000 people who work around cannabis in the US, including growers, manufacturers, retailers, dispensaries, distributors and testing laboratories.

If this growth trajectory continues, those jobs could reach 292 000 in 2021, according to BDS Analytics.

Places in the US that endorse the use of marijuana

The recreational use of marijuana is only authorized in the District of Columbia, where the country’s capital is located, in addition to Alaska, Colorado, Michigan, Nevada, Oregon, Washington, Vermont, Maine, Massachusetts and California.

Medical marijuana is legal in another 30 States, including Illinois, where the new governor, Democrat JB Pritzker, plans to authorize recreational use to channel tax revenues to education and infrastructure.

There are 9 397 active licenses for marijuana businesses, which, in addition to selling in dispensaries, use the internet and social networks to reach consumers with products that are not smoked.

Its healing properties

The healing properties of Cannabidiol (CBD) have not yet been endorsed by the Food and Drug Administration (FDA), the agency that controls food and drugs in the US.

CBD, whose products grew more than 80% last year, would be the new frontier for direct sales, with a total of 598 million dollars.

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