It’s National CBD Day today: Celebrate the green rush

With the market for THC’s non-psychoactive cousin exploding in 2019, today you can celebrate the second National CBD Day in America as well. 

In 2017, North Carolina-based cannabidiol manufacturer cbdMD applied for observing a National CBD Day with National Day Calendar. After being approved by the National Day Calendar’s committee, Americans welcomed the annual National CBD Day celebrated on August 8.

The idea behind National CBD Day is to raise awareness of the popular compound and its many, many benefits.

“It’s amazing to see what can happen in a year,” president of cbdMD Caryn Dunayer said. “Since founding this day in 2018, the increase in consumer awareness and overall reception to CBD has been incredible. In such an explosive and dynamic industry, our mission is simple—education,” she explained.

Hemp’s unlikely champion

Congress legalized industrial hemp in December via the 2018 Farm Bill that de-scheduled some cannabis products from the Controlled Substances Act for the first time.

The hemp provision was championed by Senate Majority Mitch McConnell, who also passed a resolution commemorating Hemp History Week this June.

However, at the federal level, CBD in food and drinks is still illegal. The Republican has been urging the Food and Drug Administration to develop regulations allowing the use of hemp-derived CBD in food products as well.

“Congress’ intent was clear with the passage of the Farm Bill that these products should be legal, and our farmers, producers and manufacturers need clarity as well as a workable pathway forward regarding the Agency’s enforcement and potential regulatory plans for certain CBD products,” McConnell said.

Still, the FDA recently issued a warning to companies marketing cannabidiol products with “unsubstantiated” claims.

“Selling unapproved products with unsubstantiated therapeutic claims — such as claims that CBD products can treat serious diseases and conditions — can put patients and consumers at risk by leading them to put off important medical care. Additionally, there are many unanswered questions about the science, safety, effectiveness, and quality of unapproved products containing CBD,” acting FDA commissioner Ned Sharpless said.

A booming Industry 

According to some estimates, retail sales of CBD in the United States are expected to reach $16 billion by 2025. Others go as far as forecasting the CBD market will reach $23.7 billion by 2023.

And while hemp is incredibly profitable for farmers, growing can be quite the challenge, especially as demand continues to soar. 

“There are huge challenges to producing the industrial hemp required for meeting the demand,” professor at the University of Minnesota George Weiblen told CNBC earlier this year. “It’s not as simple as growing tomatoes. It’s just not. The possibility of failure to produce quality cannabis extracts is huge,” he underscored.

Americans buy CBD-based products for a wide array of uses – from treating anxiety to skincare – while recently a new line of CBD-infused waters and teas from Oki were launched in major grocery stores in California and Colorado.

This National CBD Day celebrate with your favorite cannabidiol products!

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