In the current era, we can see that the industry of legal cannabis has been exploding. All credit goes to the changing socio-demographics, relaxed regulations, and other, even bigger problems. Recently a survey by the UN has estimated that around 3.9% of the adult population (190 million people) worldwide is a cannabis consumer.
Though till today Europe is leading the way, it has severe chances for a change after the Grand View Research Inc estimation, which is to be taken place in 2025. The industry of legal cannabis products both in the startups and biggies, and it can be grown to $66.3 billion by the year 2025.
Cannabidiol (CBD) is the active ingredient in Marijuana plants and it was discovered in 1940. This compound alone could be worth around $20 billion, and the compounds are being explored from all the big-shot drink makers such as Coca-Cola, Heineken, and so on.
Instagram is playing a vital role in promoting the cannabis lifestyle, hence the dealers have been planning many unique techniques to promote cannabis goods through Instagram posts. In recent years, technology has also been helping to bring this product more vastly to the industry.
Let’s see how.
CBD contains some chemical compounds that impact the nerves and brain, making them be functioning better; moreover, it is rich with pain-relieving properties. CBD performs the following health benefits for the users:-
- Instant Relief from Chronic Pain
The chemical make-up of cannabinoids provides relief to chronic pain through hundreds of chemical compounds.
- Improvement to the Lung Capacity
A study has established the fact that smoking cannabis increases the capacity of the lungs, unlike smoking cigarettes.
Helps in Losing Kilos
Cannabis helps your body in directing insulin and deals with the caloric intake very efficiently. If you look around, you will hardly find any overweight cannabis user.
- Prevents and Regulates Diabetes
American Alliance for Medical Cannabis (AAMC) has proven through research that cannabis lowers blood pressure, stabilizes blood sugar, and improves blood circulation.
- Helps to Treat Depression
The endocannabinoid compounds ease depression by helping in stabilizing moods.
- Mends Bones
Cannabidiol helps to quicken the healing process of broken bones.
Helps in ADHD/ADD
ADHD and ADD patients to face trouble in focusing on their due tasks. The patients will in general have issues concentrating. Cannabis help promoting focus and thus helps individuals with ADHD/ADD syndrome.
Deals with Arthritis Pain
Both CBD and THC help arthritis sufferers to deal with the pain with easily available balms and creams for the arthritis patients.
- Helps in Alzheimer’s Disease and Parkinson’s Disease
The anti-inflammatories present in cannabis’s endocannabinoid fight the brain inflammation of Alzheimer’s patients. And for the victims of Parkinson’s disease, cannabis assists with diminishing tremors and torment, and along these promotes peaceful sleep.
- Treats Inflammatory Bowel Diseases
Cannabinoids help to enhance the immune system and play a vital role in the functioning of the intestine. It blocks off microscopic organisms and different intensifies that cause aggravation in the guts.
As the first 33 states to legalize marijuana have moved to change their positions, it is quite clear that the economic benefits of legalizing marijuana have already been manifested. Here are the reasons for which legalized marijuana can bring a huge amount of bucks to the government and a big push for state economies:-
- Impact on Tax Revenue
If marijuana becomes legal on a federal level, an exceptional economical benefit will be witnessed by the governments who legalize it.
- New Jobs and Income
States who legalize marijuana would also set up nurseries and dispensaries respectively for the cultivation and production purposes. This would create many new jobs.
New Opportunities to Invest
Legalized marijuana can help to secure new investment portfolios for investors across and outside the countries.
- Saved Money
Individuals who use cannabis-based products for medical treatment across the states where it is legalized are already getting considerably benefitted with much lower expenses for the medicines.
The competition in this industry has been increasing with time but still, there is an adequate pushback against the idea of making cannabis legal across the globe. Anyway, hopefully, the pot-usage will be decriminalized in more and more states one by one, as the industry will start taking effects of the economic benefits of legalized marijuana. And it has to be agreed that modern technology, mainly the social media marketing concept is accelerating the popularity of these drugs.