Of all the cannabinoids, cannabidiol is the most widely used for therapeutic purposes, due to its lack of psychoactive effects.
Cannabidiol oil is used in many medical applications, such as the treatment of anxiety and depression, stress relief, diabetes prevention, pain relief, cancer symptom relief and inflammation.
Due to the increasing adoption of CBD-based products to treat ailments, the European market is set to experience lucrative growth over the forecast period.
And, if you want to try CBD products, like Justbob's hash, you can do so completely legally.
Dynamics of the CBD market in France
Growing demand for CBD in the health and fitness sector
Growing consumer awareness of health and fitness will enable the CBD market to grow rapidly. Increasing consumer disposable income and the legalization of medical cannabis should have a positive impact on cannabidiol demand in this sector.
In addition, CBD-based products are used to alleviate various problems such as anxiety/stress, sleep/insomnia, chronic pain, migraines, skin care, epileptic seizures, joint pain and inflammation, neurological disorders and many more.
In addition, CBD has antioxidant, anti-inflammatory and analgesic properties.
As a result, CBD-based products reduce the anxiety felt by chronic pain sufferers. Thus, the growing demand for CBD in the treatment of chronic pain is driving market growth. It also helps people stay healthy and fit, while avoiding the aches and pains that can occur during physical activities.
Improved government approvals and regulations for CBD products
There are strict government regulations and CBD products require stringent approvals before they can be marketed and supplied to the local and international market, which has limited market growth. Over time, however, these restrictions have been relaxed and refined CBD products are becoming increasingly accepted, alongside the growing legalization of marijuana and marijuana-derived products for various applications. This will stimulate growth and demand in the market.
In addition, the presence of major CBD product manufacturers worldwide has prompted the government and other regulatory bodies such as the Food and Drug Administration (F.D.A.) in the U.S., the European Union in Europe, etc. to relax restrictions on CBD and CBD products
CBD opportunities
With the growing trend to provide innovative and refined products to the market, manufacturers are spending significant sums on research and development to produce new CBD-based products. Oils, tinctures, concentrates, capsules, topical solutions such as gels, lip balms, lotions and edibles such as baked goods, coffee, chocolates, gums and candies are just some of the CBD-based products that are in high demand.
Growing demand has increased the number of trials investigating the impact of CBD on certain health conditions, which should lead to the development of new products and, consequently, increased demand in the years to come.
Furthermore, with the relaxation of regulations and the approval of cannabis-based products, companies are investing considerable sums in product development and improved production of raw materials, which will help them reduce costs while meeting growing market demand. The development of new products and the increase in research and development activities, together with the various strategic decisions taken by the market's leading manufacturers, will provide lucrative opportunities for the growth of the French and European CBD market.
High cost of CBD products
CBD is a popular, holistic choice for people struggling with pain, inflammation and sleep problems. Since CBD is a new product with little research and development, and has only recently been regulated and approved, its price is subject to fluctuation. Hemp production became legal in 2018, which affected the price of CBD products. As a result, various CBD products have seen some price inflation.
In addition, many farmers are transitioning to growing and selling hemp used to make CBD products, but despite the product's increased popularity, it presents its own agricultural challenges. First of all, switching to a new crop means new expenses. The most efficient way to harvest hemp is with a combine harvester.
Source : https://waza-tech.com/le-marche-du-cannabidiol-cbd-en-france-et-en-europe/