Boomers Support For CBD Oil Increases
2019 was undoubtedly the year of the Cannabis plant. As this year comes to a close, many Americans continue pondering the benefits of CBD oil and the overall future of hemp farming. However, one age demographic dominates others in its interest of CBD oil – and it might not be the one you’d expect.
The hemp industry is rapidly changing, but feverishly growing nonetheless. Apparently, CBD’s sudden dominant presence in US markets is shifting views across the entire United States’ generations. It seems that everyone and their mother – literally – is considering CBD oil for joint pain, headaches, and as a healthier alternative to prescription pain medication.
In a press release sent on December 20, 2019 by ValidCare CEO Patrick McCarthy, he gives his top 10 CBD oil industry predictions for 2020.
“The AARP crowd is one of the largest demographics using hemp-derived CBD for chronic joint pain and sleep. Expect this trend to increase as Boomers seek to replace prescription and OTC pharmaceuticals with hemp-derived products — and to lobby for coverage and/or reimbursement through FSAs, HSAs and supplemental MediCare policies.”
In case you’re unaware, the boomer age bracket normally falls between 54-72. One attraction, perhaps, of CBD oil to boomers, is the lack of side effects that safe, quality-made CBD oil presents.
Patrick McCarthy, the CEO mentioned above, also taps into a couple alternative points about the future of CBD oil, including where it’s lacking, such as in validating certifications and regulations.
Many boomers, and Americans in general, are still asking questions. This isn’t uncommon nor unwarranted. Now that hemp farming is legal nationwide, a multitude of CBD oil companies sprung up in 2019 as well, but not all of them are legitimate and made ethically. More studies must be done on CBD’s safety and efficacy before a multitude of new claims can be made by producers of CBD oil.
Interesting fact: What is boomers?
CBD has, nonetheless, nudged itself into consumer mainstream markets – something that many people didn’t expect at the initial signing of the 2018 farm bill by President Donald Trump.
The Farm bill, signed by president Trump in 2018, legalized the growth, possession, and distribution of the hemp plant in the United States. Essentially, it removed the hemp plant from the Controlled Substances Act, allowing for legal piling up of profits at the foot.
Now, it seems that everyone and their mother – literally – is considering CBD oil for joint pain, headaches, and as a healthier alternative to prescription pain medication.
Perhaps in tandem, also making large news is the exploitation of Americans by large pharmaceutical companies. A war on drugs emerging is also a war on the money-hungry pharmaceutical companies trying to increase their profits in any way possible.
According to Supermarket News, “Transparency Market Research indicated the global CBD hemp oil market is projected to grow from $950 million in 2017 to $2.5 billion by 2026.” Obviously, there is a lot in store for the future of hemp, in the eyes of both investors and the general public. All ages are getting on board with the CBD trend, not just because of the “hoopla” but also because of some legitimate benefits proven in CBD oil studies.