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CBD Market Could Reach $20 Billion by 2024 Says New Study

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CBD Market Could Reach $20 Billion by 2024 Says New Study

October 08
06:37 2019

Denver, Colorado, USA – Oct 7, 2019 – A new study released by BDS Analytics and Arcview Market Research indicates that the CBD market has the potential to reach $20 billion by 2024 as an increasing number of individuals seek natural remedies for pain and an array of chronic conditions.

The cannabidiol (CBD) found in cannabis accounts for up to 40 percent of the plant’s extracts. CBD is an active ingredient in cannabis, but it doesn’t contain the hallucinogenic properties of THC that are also found in cannabis. CBD doesn’t produce a “high” and many positive effects have been reported.

Prior to the 1930s, low THC cannabis was grown extensively for the production of rope, paper and clothing, along with recreational and medicinal purposes. Selective breeding of the species resulted in strains that contained elevated THC. The U.S. is now coming full circle, with CBD being extracted for its own unique properties.

From oil to edibles, CBD sales have skyrocketed and the market continues to flourish as a significant portion of the consumer market seeks the CBD benefits of cannabis, but without the THC content. CBD has grown from a small, little known component of the cannabis market to an entirely separate industry of its own.

Jupiter is an American CBD oil brand that will soon enter the market with CBD oil obtained through sustainable and all-natural farming practices. The company focuses on providing the highest quality broad-spectrum CBD oil, lab tested for quality and purity. The premium extract is also bottled in recyclable glass that’s better for the environment. All of Jupiter’s CBD oil is derived from plants grown in the U.S. and bottled in America to ensure sustainability, safety, quality and efficacy.

The proprietary technology utilized by Jupiter ensures that CBD and other beneficial cannabinoids are extracted but that the THC that results in the “high” feeling is removed. Each batch undergoes a stringent verification process by independent third-party labs. They key to sustained CBD market growth will rely on superior quality, education, and above all, high-end customer service. Jupiter is meeting those challenges with a 100% satisfaction guarantee and a deep commitment to quality.

For more information, visit: https://www.getjupiter.com/

Media Contact
Company Name: Jupiter Brands Inc.
Contact Person: Tyler Turner, Co-Founder
Email: Send Email
Phone: +1 720-549-0814
Country: United States
Website: https://www.getjupiter.com/

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