2020 is projected to be a fast growing year for the cannabis industry as a whole. Some predictions say the CBD market alone could reach $20 billion by 2024. Since 2014, prices of CBD products have dropped significantly and continue to in 2020. It’s become relatively affordable for the average user. And on top of that most shops stock a range of different products at different prices to be able to appeal to all types of users. If the CBD market continues in this direction, 2020 is sure to be an influential year for growth and development.
In previous years, if you tried to get on a plane with a CBD product, you might have run into an issue. Even for medical reasons, CBD and TSA are two abbreviations that just didn’t go together… until this year! Thankfully the TSA has stated on their websites that CBD oil is now allowed on planes. That being said you still have to be careful and do your research because different regulatory bodies have different laws regarding CBD oil. We have our fingers crossed that will change in the next few years as well.
2020 is also the year of transparency for the CBD industry. In 2019 we saw lots of CBD brands get left in the dust for not offering enough information on their products. This year, competition in the industry is rising and that means the consumer gets a better quality product. With third party lab testing becoming mainstream, we know where our CBD is coming from, and what’s in it. There’s nothing more important for the growth of CBD than consistency in quality of product. Cheers to a new thriving market with better cleaner products!
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