This brief guide will provide you with everything you need know about the exciting and ever-growing CBD vape oil industry. Let’s discuss what it is, how much it is worth, how it’s affected by the law, the CBD products you can get, the health benefits and more!
CBD Vape Juice – Simple Facts, Figures & Products
The CBD vape oil industry reached $190 million in 2017, and is estimated to be worth $646 million by 2022. CBD vape juice products recently received federal approval and can now be sold in standard vape form, as well as in edible ‘gummy sweet’ form, and many other varieties.
There is even differing speculative statistics available that suggest that the vape oil industry for CBDs may increase to a value of $3 billion by 2021! Which would suggest that popularity and demand for the products could potentially increase rapidly and significantly in the next few years.
The official ruling from the American legal standpoint is that CBD products that are derived from hemp are legal, whereas CBD products that have been sourced from marijuana are only allowed to be sold in states where cannabis use and production has been legalized.
It is argued by some sources that because of this recent legalization, it could mean that the CBD vape juice industry increases exponentially in terms of overall value, because the demand for such products will likely increase, especially if more states legalize marijuana.
Some providers in the industry are offering CBD only vape pens and other forms of CBD devices. CBD oil vape users can expect to feel the health benefits associated with CBD products quite quickly after they vape, as it is one of the fastest ways to enter the bloodstream.
Some of the health benefits associated with using CBD Vape Oil include: pain relief, reduction in anxiety and depression, the alleviation of cancer-related symptoms, reduction in acne, heart benefits, prevention of diabetes, treating mental disorders such as schizophrenia and much, much more!
Vapers should shop around to find the best CBD vape oil providers who will provide them with top CBD vape oil varieties, flavors, amounts of CBDs included per mg, and of course, that offer the most competitive prices.
CBD Oil Vape – Some Extra Information
The CDC (Center For Disease Control) estimates that there are over 9 million vape users in the USA, and it is also estimated that over 20 million people are vapers worldwide. Since CBD products are still new and emerging, the proportion of CBD vapers is likely to be low.
While the market was essentially a monopoly back in 2015, with only one market leader, there have been several new market entrants in the last 3 years, with speculation that many more are likely to make moves into the market, and secure themselves market share.
CBD products are currently legal in 9 US states, while being available for medicinal use in 20 states. It is likely that it will become legal in more states in 2019. Make sure to keep up with the latest legislation, to see if CBDs are legal in your state.
Best CBD Vape Oil – A Summary
We hope that you have come away with a much greater understanding of the emerging CBD industry. It is so new that it is very much still establishing itself in terms of availability, reach and popularity.
At this point in time, it is difficult to make predictions on where the CBD industry is headed. Taking the statistics into account, it appears as though it will grow significantly in a relatively short space of time, perhaps even quicker than expected, if it increases in popularity.
Equally, it is difficult to predict how the law will affect CBD products moving forward. Legalization of marijuana was a major step for the CBD industry, and more recent legalization that has been achieved in other countries creates more of a case for pushing wide-scale legalization within the US.
Just like the regular vape juice industry, there are many different types of flavored cbd vape juice available to vape users. And like we mentioned earlier, CBD users can also consume CBDs in the form of gummy sweets! So they can enjoy great sweet tastes, whilst also enjoying the health benefits of CBDs!
CBD oil is an interesting alternative to regular e juice products, but perhaps the best aspect of this product is that it contains many health benefits for users. With that in mind, why not try some of the many varieties out yourself? And see what all the buzz is about!
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