HOLLYWOOD, Calif., March 11, 2019 /PRNewswire/ -- WPI The cannabis industry is set to explode. The 2018 US Farm Bill reclassified hemp from a drug to an agricultural product making hemp legal. Hemp is a cannabis plant with a low (less than 0.3% ) THC content so it does not get you high. Hemp is kind of like, "near beer" – it looks and tastes like pot but doesn't do anything to you…or does it?
Although the hemp plant contains little or no THC, it contains high levels of CBD. Cannabinol (CBD) is a chemical compound in the hemp plant known to be an effective treatment for a variety of diseases. Now 100% legal, CBD has drawn medical attention for its health benefits. CBD is an anticonvulsant, anti-inflammatory and an anti-cancer agent. CBD is also known to be effective for the treatment of anxiety, depression, movement disorders and pain.
CBD effects ailments by interacting with cannabinoid receptors in our brains. Yes, the human body is actually wired to receive cannabinoids making the medical possibilities limitless. The CBD industry is growing 80% per year with US sales forecast at 25 Billion by 2022. "The CBD market has gone from a black market to a full blown medical segment of the economy," says John Williams, CEO of Safety Harbor Capital. "Now is the time to consider a look at some of these early stage companies."
Industry trade shows such as WEEDCon West offer a look at firms like Kushy Punch and Ignite, which make CBD products for pain relief and other health benefits. Kushy Punch makes a smokable CBD Vape Cartridge which, when used as a pain medication, can treat opioid addiction. Their Kushy Vape won Best CBD Vape Cartridge in the 2018 WEEDCon Cup awards.
Ignite, another early stage company at WEEDCon West, offers both flavored and unflavored CBD drops that can be ingested for pain relief, anti-inflammatory properties and even cancer prevention. Ignite even makes a CBD Starter Kit in a smokable Vape Cartridge for first time users.
A cure for opioid addiction? A University of Michigan study found 44% of subjects were effectively able to replace a pharmaceutical drug with cannabis. The cannabis users rated cannabis better on effectiveness, side effects, safety, addictiveness, availability, and cost.
WEEDCon West is an event showcasing companies with education speakers, investors forum and product demonstrations. Visit www.weedcon2019.com.
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SOURCE WeedCon Productions
