Statista projects that consumer sales of CBD will rise to over $1.8 billion by 2022, which is an impressive elevation from the half a billion dollars they summed in 2018. Other researches approximate that CBD production is on the path to growing its income to a staggering $75 billion in the following ten years.
This is partly because of a sturdy market pattern after authorities concerned passed the 2018 US Hemp Farming Act. The Act clears off hemp as a Schedule 1 regulated matter, as long as it has 0.3% or less THC by mass. The CBD industry may be growing, but it still has many obstacles to overcome to attain maturity. Technology can boost its development in various ways, as the post below explains.
What is CBD?
CBD, or cannabidiol in complete form, from one of the best outlets like cbd vape oil for sale, is one of the over 100 cannabinoids available in the Cannabis sativa plant. Contrary to what some people believe, cannabidiol is non-psychoactive, i.e., it won’t get you ‘high.’
Its co-cannabinoid, THC (delta-9 tetrahydrocannabinol), is the chief psychoactive cannabinoid responsible for the ‘high’ that people associate with the pot plant. Scientists have discovered that cannabidiol may treat an array of conditions such as:
- Parkinson’s disease
- Alzheimer’s disease
CBD interacts with the CB1 and CB2 sense organs in the endocannabinoid system (ECS) in our bodies to maintain a state of homeostasis or balance. The receptors are responsible for functions such as memory, sleep, appetite, hormone regulation, and mood. Is it Legal?
Yes, it is, as long as it complies with the set standards. In the US, the highest delta-9 tetrahydrocannabinol content that the federal government allows is equivalent to or less than 0.3%. In most European countries, regulatory bodies allow cannabidiol consumption as long as it contains a THC content level equal to or less than 0.2%.
Which are the Types of CBD Products Available?
The array of cannabidiol items present in most stores globally are:
- CBD vapes
- CBD bath bombs
- CBD tinctures
- CBD edibles
- CBD topicals
- CBD capsules
How Technology is Affecting the Cannabidiol Business and Healthcare
Here are some of the ways mechanization has boosted this business and healthcare:
1. Better Products
Organizations and people are now using automation to grow stronger threads of MJ plants. It’s a well-known fact that whenever you consume any cannabinoid item, the anatomy takes only 10% of the concentrate. However, companies and cultivators are using mechanization to summarize the enzymes located in marijuana herbs to enhance the efficiency of cannabidiol items.
If experts sum up cannabinoid molecules, the molecules can defeat cell membranes, which sees to it that the cannabinoid compound remains unfiltered. Therefore, manufacturers store most of the cannabinoid compounds during the cultivation procedure of the marijuana herb.
2. DNA Arranging
The level of difference among cannabis threads is awe-inspiring. Even if scientists technically group cannabis as one kind of plant, the level of DNA arranging variations provides countless special alternatives. This interprets not only many unique high encounters but also numerous possible medical benefits. What most pot users don’t know is that we’re not only finding special threads and varying levels of CBD/THC combinations.
Technology and science relating to contemporary genomics assist specialists in influencing marijuana genetics and forming the ultimate DNA arrangement.
3. Crypto and Blockchain
Crypto and Blockchain are both reliable payment alternatives for the CBD industry that technology has provided. The Blockchain is an incontestable distributed database at the center of many individuals known as the cryptocurrency revolution. Everything from common cryptocurrencies such as Ethereum and Bitcoin to openly traded organizations such as IBM uses Blockchain to decode various problems.
From monitoring the whole supply chain to identity confirmation and processing the payment, cannabidiol establishments have numerous entry points for blockchain mechanization.
Nanoencapsulation is massive in the cannabidiol industry, mainly since CBD is a lubricant and isn’t water-soluble. This makes it hard to mix it with other substances. Here’s where nanoencapsulation comes in. The procedure allows cannabidiol to become more absorbable and combine seamlessly with water.
This automation is still new, so researchers are still working on perfecting it. If it becomes a success, then more CBD drinks will appear in the market.
5. AI and AR in CBD Production
Most industries employ machine learning, artificial intelligence, and augmented reality today. The cannabis industry is one of them. Cultivators in the cannabidiol industry use AI in their soil enhancement trials. Using Big Data transforms many cultivator operations since farmers face problems with an answer in mind.
They can also enhance workflows, track herbs and keep listings, and learn and master marketing patterns. When business people and farmers in marijuana production finance appropriate automation such as artificial intelligence, progress is an assurance.
Technology is crucial in so many areas. Its significant contributions to the cannabidiol business and healthcare are noticeable. And here’s the best part: This is just the beginning. Experts are working tirelessly to maximize technology’s effectiveness for better results. If you’re a CBD entrepreneur and you haven’t invested in technology for your business yet, it’s never too late to give it a try. Use technology today and watch your business soar to unimaginable heights.