Hemp is different from marijuana. They are both cannabis but Hemp does not have psychoactive compounds. Hemp is a cannabis plant that has less than 0.3% of tetrahydrocannabinol (THC).
Hemp is used in textiles, plastics, livestock feed, and home cooking. Hemp is also a good source of omega-3 and omega-6, amino acids, and proteins. These are used extensively in the health supplement market. These nutrients help in insulin balance, cardiac function, mood stability, and skin and joint health, which is expected to complement industry growth.
The US has signed a new farm bill into law which has taken hemp off the Controlled Substances Act. Hemp is now a legal substance.
Various Uses for Components of Hemp
Cannabidiol (CBD) oil is a hemp extract will be the basis of a large market with the Farm Bill legalization. The hemp-derived CBD market was about $591 million in 2018 but is projected to grow 40 times larger to $22 billion by 2022 with the passage of the 2018 Farm Bill passes according to a 2018 Brightfield Group report.
The therapeutic effects of CBD
CBD is an antioxidant, it has antiviral properties, it fights viruses and strengthens the immunity system. It works in the endocannabinoid system and can strengthen the body when fighting viruses. For instance, it can fight the herpes virus and provide relief for the discomfort caused by cold sores. CBD helps repair damage from free radicals, maintain balanced health and decrease inflammation.
CBD helps relieve pain, anxiety, spasticity, nausea, and seizures. A new company called CBDMEDIC had developed a new line of safe products which are pain relief ointments and creams for muscle and joint pain associated with daily living, arthritis, sports injuries and other types of inflammation. CBDMEDIC products are produced in conformance with Food and Drug Administration requirements and registered as OTC nonprescription topical analgesics, Perry Antelman CEO Abacus Health Products told Drug Store News regarding the companies brand.
In addition, the CBD derived from industrial hemp used in all CBDMEDIC products is 100% federally legal, because it complies with applicable federal laws. Menthol and camphor are the active pain-relief ingredients in our products, and no medical claims are attributed to the CBD/hemp extract – “Our attorney in these matters is a former associate chief counsel at the FDA (Food and Drug Administration), so the guidance we receive is grounded in FDA regulations,” according to Perry Antelman.
Over One-third of the Population Needs Better Pain Management and With Less Side-Effects. CBDMEDIC provides temporary pain relief for athletes for pain associated with exercise, back/neck pain associated with bad posture, and the involuntary pain associated with those suffering from arthritis. Abacus focuses on the pain management market. The American Academy of Pain Medicine has estimated that chronic pain affects approximately 100 million Americans. The market for topical pain therapeutics was US$7.4 billion in 2017.