What are the Hot CBD Market Trends Based on Google Searches?

It goes without saying that CBD is the hottest topic of 2019, an avenue of numerous health and economic benefits. One can make the argument that CBD has been spearheading the meteoric rise of the cannabis industry for the past couple of years and that's saying a lot because of the huge amounts of revenue other aspects of the industry like cannabis tourism rake in annually. Economic predictions made by experts show that the CBD space will exceed $20 billion in revenue by 2024, an unbelievable return given that CBD wasn't even legal a couple of years ago. The absolutely promising future of the CBD market makes it a very attractive scene for investors and entrepreneurs alike. With every passing quarter, new profitable trends keep arising and smart entrepreneurs and investors looking to be a part of the ride to the future always keep their eyes peeled for these trends so as not to be left out. If you happen to fall in this category or you're new and don't know what's popping in the industry today's your lucky day because in here I'll take you through the hottest trends in the CBD market scene and how you can get on the train before it's too late.

Hottest CBD market trends of 2020

Strains With Almost No THC - With the upward movement of the cannabis industry the plant's use globally keeps rising but reports have shown that a lot of cannabis users have a preference for products with little THC content as majority just want to enjoy the medical benefits that can be derived from cannabis without experiencing any euphoric effects. But since the ratio of THC to CBD present in these products is determined by nature how then can the desire of consumers be met? Fret not, it is now possible to alter the genetic makeup of cannabis to produce products that are tailored to meet specific needs. So it is now completely possible for consumers who desire cannabis products without THC to have their needs met and as an entrepreneur, you should be all over this because this is a trend with high demand from old, new and potential users of cannabis.

Diversify Consumption Methods - Although smoking is viewed as the traditional way of consuming cannabis a lot of other means of consumption are currently rising in demand and investing in this has been touted to yield promising returns. A couple of the means of consumption in high demand include:

Vape pens

Brownies

Candies

Lotions

Cosmetics

Creams, and so on.

And you didn't read that wrong, yeah infusing cannabis in creams is now a thing and it's rapidly rising to the top of the pecking order. Consumers who aren't interested in inhaling or orally consuming cannabis and its products can opt for this innovative technique. A couple of the organizations pioneering this include GrowPacker, Viridian Pharmaceuticals, etc.

Cashless Payments - The fact that recreational cannabis is still illegal in some states makes processing dispensary payments via banks complicated. And asides the restrictions imposed by the legal status of cannabis there's still the stereotype of the industry being highly risky to deal with. A believe that makes the majority of payment processors demand ID verification, expensive fees and so on. And all these inconveniences almost always give consumers cold feet. Whenever there's a problem especially one that hampers the flow of money you best believe that there are experts working day and night to figure out a solution and in this case the trending solution to the payment issues encountered by customers is via numerous cashless payments options among which are mobile apps, decentralized currencies like bitcoin, ethereum and so on. As an entrepreneur involved in the cannabis scene, you should have a cashless option ready to go for your customers so as to stay level with the competition.

Pets - For ages humans have shared their lives with animals domesticated to serve as pets and in the world we live in today the pet industry is one of the fastest-growing industries worldwide as a lot of pet owners don't see their pets as just animals but a part of their families and as such don't hesitate to spend tens of thousands on them if necessary. Projections made by experts all predict that the pet care scene will generate well over $200 billion in a couple of years and a huge factor in this estimate is the innovative development of administering cannabis to pets. The global pet cannabis scene is rising and with every passing quarter several CBD-pet supplements, CBD-infused dog bones, chew toys and so on are been developed and although this isn't entirely regulated yet, a lot of pet owners are already purchasing and making use of the products which makes it a really hot market that all smart entrepreneurs should be looking to be a part of. As lucrative as this trend can be it's advisable that any entrepreneur looking to get involved take note of the current laws. The legal status of the pet cannabis scene is neither here nor there but regardless of its complicated and tricky nature entrepreneurs are advised to closely pay attention to the existing laws so as to avoid engaging in anything illegal.

Bottom line

The cannabis industry is progressing at a very rapid rate and all smart entrepreneurs should be jumping on board before it's too late; the industry is littered with opportunities, so the million-dollar question is will you be left out? or are you going to get involved and enjoy all that the cannabis industry has to offer.