By: Dilia Narduzzi
Cannabidiol (CBD) is big business. According to Grand View Research’s Cannabidiol Market Analysis Report, the global CBD market in 2020 was valued at 2.8 billion US dollars. It’s expected to grow at a rate of “21.2% from 2021 to 2028” annually, which will bring it to a whooping 80.4 billion by 2028. Because it contains only trace amounts of tetrahydrocannabinol (THC), the psychoactive component in cannabis products, CBD is widely sought after by consumers for relief from pain, anxiety, and inflammation, among other applications, without a high. Consumers around the world want to buy CBD products, both in oils and capsules, and in food products like chocolate bars, cookie bites and matcha tea. Regulatory practices vary from country to country, meaning quality isn’t always assured. Let’s look at the state of regulation of CBD in the United States.