As cigarettes are falling out of use, another habit is coming into the spotlight: cannabidiol, or CBD. CBD started out as a small health treatment that only a few people were using, but now, you can find CBD products almost anywhere. One of the key players in the success of CBD is Eli Taieb, who has served as a brand consultant for the successful Diamond CBD brand. But just why has CBD taken off so much?
What is CBD?
Most people simply associate CBD with marijuana, but the connection is not that straightforward. CBD is derived from the hemp plant, which is a related but separate plant from marijuana. CBD does not have any psychoactive effects, unlike its cousin tetrahydrocannabinol, or THC. Because of its health benefits, CBD is now used in a variety of products, including skin care, bath bombs, oils, soaps, and more.
CBD has been claimed as a cure (or, at the very least, a pain reliever) for tons of conditions, including various cancers, heart disease, acne, and more. While it hasn’t been proven that CBD can actually treat any specific condition, we do know that CBD has been promising as an anti-inflammatory, so it certainly may help alleviate pain for many users.
CBD Statistics
It’s no secret that the CBD market has taken off in recent years. Over 60% of Americans say they are familiar with CBD or products that contain CBD, and 1/3 of Americans say they have used CBD at least once. It’s been estimated that 64 million Americans have tried CBD at some point in the last two years. Most people who use CBD claim that they do so to relieve pain, anxiety, or insomnia.
CBD is also relatively easy to get your hands on. CBD products that are derived from hemp are legal in every state, as long as there is no more than 0.3% THC. CBD sales are particularly common in states like California, Florida, and New York. Purchasers FCBD are likely to be young; 40% of those aged 18 to 29 say they have tried CBD, and 20% of those in this age range say they use CBD on a regular basis.
Of course, you can also find CBD in a wide range of products. Some of the most common methods of CBD consumption include capsules and tablets or topical sprays. In order of interest, other popular methods of consumption include CBD infused foods, vaping products, soaps, bath bombs, skin care products, and more. Eli Taieb and the team at Diamond CBD were able to identify this demand early on, and now, they are a powerhouse in several of these products!
Diamond CBD
There are tons of places to get CBD these days, but Diamond CBD remains one of the most reliable. Thanks to the effort of brand consultant Eli Taieb, Diamond CBD found a unique voice in the growing market and was able to earn an impressive estimated profit of $55 million between 2017 and 2019! Eli Taieb and the Diamond CBD team have been instrumental in building the CBD market to what it is today.