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CBD Sales Surge; More Retailers Stock Super Oil

Cannabidiol (CBD) oil usage is increasing in the United States (US) and United Kingdom (UK). The oil is gaining popularity due to its efficacy to treat the symptoms of various diseases.

Holland & Barrett is the first high street retail store to sell CBD oil in the UK. The product has become so popular that sales increased 37% since it hit shelves at the beginning of the year.

According to the Cannabis Trades Association UK, cannabidiol users surged from 125,000 to 250,000 in the country in 12 months.

In the US, the first CBD oil store in Austin opened in March. The oil was available to Austin citizens before, but this is the first store in town that sells only CBD oil. The store is gaining traction as awareness about the benefits of CBD increases.

Moreover, an ice cream café in Maryland just started serving CBD-infused coffee. The owner of the café believes that the coffee will attract new customers to the shop.

CBD oil is different from cannabis or cannabis oil. It is derived from hemp leaves and hemp flowers and contains a small percentage of tetrahydrocannabinol (THC). THC is the high-inducing component of cannabis. The fact that CBD oil contains only 0.3% of this component is a breakthrough in science. People can now benefit from the healing properties of cannabis without getting high.

Users say the non-addictive oil can relieve the symptoms of many diseases. These include epilepsy, diabetes, cancer, and Alzheimer’s. Doctors and scientists are conducting clinical trials to prove the value of the powerful component. In fact, a US Food and Drug Administration (FDA) advisory committee recently recommended approval for a CBD drug to reduce epileptic seizures in the US.

Due to its benefits, CBD usage is also increasing all over the world. Zimbabwe just legalized cannabis for medical and scientific use. Analysts expect the global demand for CBD oil to grow as more consumers become aware of its healing powers.

 

Read more: ‘CBD: The Biotech Boom Investors Haven’t Woken Up To Yet’

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