MoneyMagpie

Jul 26

What You Need to Know Before Cashing in on the CBD Craze

Reading Time: 3 mins

People have been using cannabidiol (CBD) to treat ailments for hundreds of years, but because of its association with marijuana, it has been heavily regulated in the United States. With the 2018 Farm Bill, these regulations are starting to lift, and CBD oils are now available for sale in many different outlets, including grocery and convenience stores.

In 2018, the FDA approved a drug containing CBD to treat two kinds of epilepsy, and the Drug Enforcement Agency (DEA) removed CBD with a tetrahydrocannabinol (THC) content below 0.1 percent from the Schedule 1 drug classification.

Because of these developments, the demand for CBD is higher than ever, and many people are considering cashing in on the CBD craze. Let’s take a look at some of the things you need to know before building a source of CBD-related income.

 

What is CBD?

CBD is a compound and a concentrated liquid extract from the cannabis plant. Cannabis Sativa produces many compounds, and CBD belongs to a class of compounds called cannabinoids. Another prominent cannabinoid is tetrahydrocannabinol (THC), which is the primary psychoactive compound in marijuana.

Unlike THC, CBD doesn’t cause psychoactive effects and, as a result, is popular among people who want to derive its benefits while avoiding a high. The reason CBD is not psychoactive is that it interacts with receptors in the immune system, whereas THC interacts with receptors in the brain and elsewhere in the central nervous system.

 

Why is CBD So Popular?

There is anecdotal evidence that CBD oil is an effective treatment for a wide range of conditions, including pain, inflammation, acne, anxiety, and even severe illnesses such as cancer or Alzheimer’s disease.

The health benefits of CBD may be the result of two mechanisms. First, CBD is believed to interact with the body’s endocannabinoid system to boost the production of endocannabinoids that, in turn, interact with receptors in the immune system.

CBD may also work to protect the hippocampus, which is the part of the brain that is responsible for memory, cognitive processes, and learning. During times of stress, CBD prevents the degeneration of brain cells that may result in conditions like schizophrenia.

 

Is CBD Legal?

The DEA’s Controlled Substances Act doesn’t deal with CBD products that contain no THC. Consequently, CBD products with no THC are legal to sell and consume as long as it is allowed by the relevant state law.

 

Concerns About CBD

Research on CBD is far from complete, mainly because of regulatory restrictions in the past. CBD as a substance is not fully understood, and the risks and side effects of this chemical are not clear.

Side effects consumers of CBD sometimes experience include nausea, appetite loss, dizziness, and mood changes. CBD can also react with the consumer’s medication to cause an array of unwanted physiological effects.

 

Derived Products

CBD is available in a wide range of products, including vaping liquid, edibles, ointments, sublingual tinctures, and capsules. Each derived product differs in terms of how long they take before kicking in, price, and effectiveness in treating different conditions.

 

Invest Responsibly

Before cashing in on the CBD craze, acquaint yourself with the relevant federal and state laws. The laws in some states, like Alabama, are not CBD-friendly, and if you are selling products containing more than 0.3 percent THC, you may face prosecution. One way to avoid this is to buy CBD oil from a trusted source that sells full spectrum CBD oil with a THC amount below the legal limit. If you’re in doubt, use a provider that lists the CBD and THC content of their product on the bottle, like Royal CBD.

You should also refrain from advertising CBD products as a first-line treatment for severe illnesses like cancer. You don’t want someone using your CBD products as an alternative to treatments like chemotherapy.

CBD products can be an effective treatment for many different ailments, however, and if you stay within the confines of the law, such a venture can be a highly profitable one.

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