Hemp and cannabis plants contain the chemical cannabidiol, sometimes known as CBD. It has gained popularity as a natural treatment for a variety of illnesses, including sleeplessness, chronic pain, and anxiety. Due of its widespread use, many states have now made marijuana lawful for both therapeutic and recreational uses. Which states, however, use CBD the most?
California has the largest usage of CBD, according to a report done by market research company Brightfield Group. 18.8% of California respondents to the study reported using CBD products in the previous six months, according to the results. This is not shocking considering that California has been at the forefront of legalizing cannabis and is the location of many CBD businesses.
Colorado has the second-highest rate of CBD use, with 17.4% of respondents utilizing CBD products. Colorado has a strong CBD business and was one of the first states to legalize cannabis for both medical and recreational use. Colorado is home to several CBD businesses, and the state has stringent laws to guarantee the security and caliber of CBD goods.
With 12.3% of responders utilizing CBD products, New York is the third state with the most CBD consumption. In 2014, medical marijuana became legal in New York, and the state has since extended its program. Additionally, it has legalized the possession of small quantities of cannabis. The CBD market is expanding in New York, and the state is home to numerous CBD businesses.
Florida, Texas, and Illinois are other states with significant CBD consumption rates. These states have medical marijuana laws, and their CBD markets are expanding. Although some jurisdictions continue to impose stringent restrictions on CBD products, which makes it challenging for consumers to obtain them.
So, is CBD on the decline? No, is the response. In fact, it is anticipated that the CBD market would expand in the years to come. By 2023, the CBD market, according to The Brightfield Group, will be worth $23.7 billion. Consumption of CBD is anticipated to rise as more states legalize cannabis and CBD and as more studies on its advantages are done.
In conclusion, the states with the highest CBD use rates are California, Colorado, and New York. Cannabis is legal in several states, and the CBD market is booming. However, as cannabis and CBD gain greater acceptance, CBD usage is anticipated to rise in other states. The CBD market is anticipated to expand more in the upcoming years, making this a promising period for both CBD customers and businesses.