CBD global market situation10.16


CBD e-cigarette oil and CBD e-cigarette equipment are also spreading rapidly in the global e-cigarette industry. The export volume of CBD e-cigarette equipment in Shenzhen, China, increased sharply in 2019. Although there is not enough data to support it, the Shenzhen e-cigarette industry is paying more and more attention to CBD. Come bigger.

Why is CBD the future direction of e-cigarettes?

Smokers smoke traditional cigarettes because of their addiction to nicotine, and traditional tobacco cigarette smoke contains more than 4,000 other compounds, many of which are toxic and can damage our cells. Tar can cause bronchitis and lung disease. Acetone, used in nail polish remover. Arsenic, commonly found in pesticides. Benzene, a carcinogen. Ammonia, used in dry cleaning. Cadmium, causes liver and kidney cancer and brain damage.

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The solution of traditional e-cigarettes is to provide smokers with nicotine satisfaction without suffering the loss of other harmful substances in traditional tobacco. Traditional e-cigarettes dissolve nicotine in glycerin for smokers to smoke. Nicotine causes the body to produce dopamine, which makes people feel happy and relaxed, and is addictive. Nicotine stimulates the sympathetic nerves and releases adrenaline, causing physiological reactions such as accelerated heartbeat, blood pressure, and breathing. Nicotine also suppresses appetite.

CBD is a non-toxic, non-psychoactive substance. CBD is non-toxic in non-transformed cells, does not induce changes in food intake, does not induce catalepsy, does not affect physiological parameters (heart rate, blood pressure and body temperature), does not affect gastrointestinal transit and does not alter mental state Motor or mental function. At the same time, CBD has anti-anxiety, sedation, anti-insomnia, neuroprotection, cardiovascular protection, metabolism and immune regulation effects.

Therefore, CBD is receiving more and more attention as an alternative to nicotine e-cigarettes. Data obtained from Google Trends shows that interest in CBD has continued to rise over the past year.

CBD global market situation

As of January 2019, 46 countries or regions around the world have declared medical marijuana legal, and more than 50 countries, including the United States, have declared cannabidiol (CBD) legal. Uruguay and Canada are two countries in the world that have fully legalized marijuana, but they have strict regulations on marijuana possession.

According to estimates from Pacific Securities, the global cannabis market was worth approximately US$12.9 billion in 2018, with the United States accounting for the largest market. The global cannabis market may grow by 22% annually in the next five years. According to Euromonitor International, the global legal cannabis market was approximately US$12 billion in 2018, and by 2025, the legal product market will reach US$166 billion. The demand for CBD is increasing, and the growth rate is expected to be close to 80% in the next two years. In October 2018, the day after Canada announced the legalization of cannabis, some cannabis products were sold out of several licensed retailers.

Post time: Oct-17-2023