What is CBD Oil and How did it become a $1 billion industry?

What is CBD Oil and How did it become a $1 billion industry?
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It is possible that you have seen a lot of CBD-infused products in recent years. What exactly is CBD? CBD is short for cannabidiol. It’s part the cannabis plant, from which we get our marijuana. To find out more about CBD, we spoke to Martin A. Lee (author of Smoke Signals: A Socio-Historical History of Marijuana — Medical, Recreational, and Scientific) and Project CBD director.

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Below is the transcript of the video:
Narrator “

Not quite.

These companies actually sell CBD. You can find it in everything, from lattes to lollipops.

The business sector is flourishing.

CBD products make up a part of a nearly one-billion dollar industry in the United States. It’s legal.

What does CBD have that marijuana lacks?

Martin Lee: We are in the middle of a CBD craze.

Narrator: Martin Lee, the director of Project CBD is an educational platform that focuses primarily on cannabis science and therapeutics.

Lee: CBD is cannabidiol. It’s a compound in cannabis that is believed to have significant therapeutic properties but is not intoxicating. It does not get you high as THC.

Narrator These are two types of cannabis. The one is cannabis, the other is Hemp. The one gets you high and the other doesn’t. What’s inside is the key to the difference.

Lee: THC, CBD and CBD are the major components of cannabis plants.

Narrator: THC, or marijuana-derived cannabinoids, is what makes you feel high.

Dave Chappelle: I don’t know about you, but I can’t even move.

Narrator: Hemp has very little THC. It makes up for the lack of THC with higher levels of CBD. While CBD doesn’t get you high but it can help, it is legal. It is also said to have a relaxing effect, at least according the marketing. Let’s find out how this stuff turns into a craze.

Once you have a cannabis plant, it is easy to make your own extract.

Lee: It’s as simple as heating some of the stem or green material with olive oil or butter. This is not a good idea for mass production. Instead, you can use it to make something in your own kitchen using butter and cannabis.

Narrator

Lee: Supercritical CO2 extraction is a very common method. The coffee grind texture is achieved by grinding the mixture. It’s then poured into containers of supercritical CO2 machines. It can stay in the machine for 24 hours at various temperatures and pressures during the extraction process. You’ll get a thick, yellow oil with a very smooth texture.

Narrator

This oil can be found in many different products.

Lee: There are many ways to administer it. It can be taken orally, or applied topically.

Narrator: They also have CBD oil products that you can use for your pet. I stopped at a New York cafe that sells all kinds of CBD-infused products. I tried a CBD matcha coffee and a CBD macaroon. The snacks were delicious and I felt more relaxed. However, it was difficult to know if CBD was really doing any good for me.

Scientists are still trying to understand how CBD affects the human body.

Lee: There is scientific evidence to support CBD’s effectiveness, but there are still many questions.

Narrator: CBD might have more than a relaxing afternoon. Initial studies have shown that CBD may be beneficial for a variety of medical conditions. The FDA approved Epidiolex in June 2018,, the first CBD drug. It is used to treat epilepsy.

Who knows?

Perhaps CBD will be found in other places than cannabis-decorated vans.

About the Author: CBD Cannabis 4U News

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