Cannabis has been used for thousands of years as a form of natural remedy. But, over time, the possession of marijuana was made illegal in many countries, until now. Most recently, a new movement has taken place whereby both the medical and recreational use of cannabis has been legalized across certain states in the U.S. and a number of countries.
The marijuana industry is proving to be important in more ways than one, with Forbes stating that “A new report from New Frontier Data projects that by 2020 the legal cannabis market will create more than a quarter of a million jobs” (http://nnw.fm/JBq5u). The article continues to explain that this represents more than the number of jobs generated from manufacturing, government, and utilities.
Despite the changing opinions regarding the drug, China still maintains its stance that cannabis is illegal both recreationally and medically. The possession, transport, cultivation, and sale of cannabis are illegal throughout China, and penalties for cannabis-related offenses are said to be harsh. But cannabis comes in many forms, and although smoking or consuming the drug in any way is illegal, CBD oil for medical purposes has caught the eye of experts across the globe.
As the world continues to make strides toward the legalization of marijuana, demand for CBD oil continues to grow. CBD can be used in a variety of different forms, from sprays to oils and even capsules and concentrates, with expansion toward drops, soft gels, and vapes. CBD oil is being used to treat a number of conditions, including cancer, autism, ADHD, seizures, anxiety, and Crohn’s disease, among others.
According to Forbes (http://nnw.fm/PPr6P), The Hemp Business Journal believes “the CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. That’s a 700% increase from 2016.” And, despite most of the attention being on the United States after propositions for the legalization of marijuana passed in numerous states, organizations from countries across the world are tapping into this growing market.
Last month, ChineseInvestors.com, Inc. (OTCQB: CIIX) announced that it would be launching the first CBD health products store in Chinese. The company is aiming to become the first ever provider of CBD oil products to customers located in mainland China and to Chinese speakers in the United States and Canada. The products will be sold through CIIX’s website: www.ChineseCBDoil.com.
It is clear that ChineseInvestors.com has found a significant gap in the market, with no competition currently on the horizon serving the Chinese speaking population around the world in this way. CBD oil is one of the fastest growing market categories in the hemp and legal marijuana industries, and CIIX has positioned itself for growth thanks to its agreement with a San Diego producer that will be white labeling and distributing the company’s CBD products legally to the entirety of the United States and China.
For more information, visit the company’s website at www.ChineseInvestors.com
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