Here’s The Deal:
CBD is everywhere – and it’s only beginning.
What was once a niche alternative health supplement has become one of the hottest commodities in the world, and we’re not just talking about tinctures and capsules anymore.
From cosmetics to beverages to even dog treats, this little cannabinoid is disrupting multi-billion dollar industries left, right, and center. And with the ever-growing mountain of evidence for cannabidiol’s health benefits, it’s clear why.
But is CBD really the wonder drug it’s cracked up to be?
Or will it fizzle out like so many health fads before it?
Luckily as with anything, we can discern a lot from statistics.
That’s why we’ve compiled a list of the most reliable research on CBD’s health benefits, market trends, and more to help you draw your own conclusions.
And just wait till you see #10…Let’s dive in!
CBD Stats You Need To Know
1. The U.S. CBD market grew over 700% in 2019 and is on track to grow to $23.7 billion through 2023. “The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger entering the market and providing that availability to consumers,” according to Brightfield Managing Director, Bethany Gomez.
2. 100% of migraine and headache sufferers stated they experienced a reduction in both pain and discomfort after using CBD, health statistics reveal.
3. 64% of senior adults say that their quality of life improved after using CBD. Most of this improved quality of life comes from pain relief. Namely, 61% of seniors say that CBD reduced their pain, 45.6% say that it improved the quality of their sleep, and almost 8% said that it improved their cognitive function.
4. 80% of children diagnosed with ADS saw a decrease in problematic behavior after using CBD. A study involving 60 children with autism treated with highly concentrated cannabidiol oil reported that over half of them saw improved communication. 40% of ASD-positive children who used CBD showed significant decreases in anxiety. In addition, 62% said they experienced considerable improvements after using the oil for at least seven months.
5. 97% of cannabis users primarily took CBD for chronic pain relief. 50% of 100 respondents said they used CBD to reduce stress or anxiety. Looking at the same CBD usage statistics, 45% stated they took CBD to improve a sleep disorder, most commonly insomnia.
6. Cigarette smokers who used CBD smoked approximately 40% fewer cigarettes when using CBD.
7. Patients with epilepsy taking 20mg of CBD reported 42% decrease in seizures, while patients taking 10mg reported 37% reduction in seizures with fewer side effects.
Among parents of children taking CBD to treat severe epilepsy, 11% reported a complete cessation of seizures, 42% reported an 80% or more reduction in seizure frequency, and 32% reported a 25% – 60% reduction in frequency.
8. PTSD patients saw a 75% reduction in PTSD symptoms when they were using cannabis compared to when they were not.
9. Out of 72 adults with anxiety or poor sleep, 79.2% experienced a decrease in anxiety scores within the first month of taking CBD in capsule form, which remained decreased during the study duration. Out of that sample, 66.7% of patients experienced improved sleep scores within the first month.
10. The online popularity of CBD has grown 260% over the past few years, making it more popular than Kanye West, the NBA, Taylor Swift, The Beatles, and AOC according to current data.
11. When it comes to where CBD users get their products, a 2019 Consumer Reports study says:
34% purchase CBD from a retail store
27% purchase CBD from an online retailer
12% purchase CBD from another source
12. According to a 2019 Consumer Reports CBD survey:
32% of people ages 30-44 have tried CBD
23% of people ages 45-59 have tried CBD
15% of people 60 and older have tried CBD
13. 44% of regular CBD users spend $20-$80 per month on CBD products. 13% spend more than $160 per month.
14. CBD business will be a safe investment in the future as the compound annual growth rate will be about 30%.
15. Apart from CBD oil being the top-seller, cannabis edibles and beverages will be on top of sales. More than 58% of consumers prefer cannabis edibles including CBD infused coffee, juices, and more.
16. The workers in the CBD sector has 11% higher wages as compared to median wages.
17. Women are more likely than men to use CBD products (55% for women to 44% for men)
18. The US veterinary CBD market is projected to hit $125 million in sales in 2022.
19. Google searches related to CBD have increased 500% since 2017.
20. The global cbd skin care market size is expected to reach USD 1.7 billion by 2025, according to a new report by Grand View Research, Inc.
As these statistics clearly demonstrate, the CBD revolution is here and spreading fast.
Attitudes towards CBD are shifting on a global scale, and this will only pick up speed as studies continue shedding more light on its therapeutic potential.
So whether you’re looking to invest, start your own company, or simply enjoy CBD’s myriad health benefits, we applaud you for taking the time to read through these statistics.
This is just the beginning for CBD, and we look forward to adding more to this list in the years to come.
Further Reading: Industries on the Verge of CBD Disruption