How Big is The CBD and Kratom Industry

There is no escape from the fact, kratom and CBD continue to be used by millions of people globally despite so many controversies around them. CBD stands for cannabidiol and is medically proven that it can be used as a medicine and for recreational purposes.

Kratom is a tropical plant that is found in Southeast Asia. It was discovered in the early 19th century and was adopted by the Chinese as a medicine, though it has no backing of any concrete evidence for its use as a suitable drug.

Last year when a young bodybuilder died from kratom overdose, the media started to criticize it badly, and many states decided to ban it completely, but it is still being used by many.

On the other hand, CBD is used in various forms because of its proven medical benefits. CBD gummies and desserts can be found in many stores and restaurants in the US. To SHOP CBD Products, people can contact the CBD distributors in the market.

People who do not have access to CBD products in the market can buy cbd gummies online.

 

What is the net worth of kratom and CBD?

You will be intrigued to know, more than 3 to 5 million people use kratom regularly. This means the industry is worth millions of dollars globally. In 2016, a study concluded the kratom industry to be worth $1.13 billion which is a whopping figure.

As for CBD, it is legal, and the market is expected to cross $16 billion by 2025. This figure was presented after the estimation of 2016 which said the market for CBD suddenly rose from $600 million to $2 billion.

Keep in mind CBD extracts its roots from marijuana which is still illegal in many parts of the world. There are 33 states in Washington D.C which have legal medical markets where CBD is allowed to be sold for recreational purposes.

However, people consume it in various forms such as for smoking and vaping. CBD desserts have also started trending globally and are enjoyed by many people.

So this means restaurants also consume a large part of CBD to infuse it into their products.

 

Which form are kratom and CBD consumed in?

The length and breadth of the kratom and CBD industry can be measured by the vast array of options these two herbs are used in. As discussed, CBD is infused in desserts and gummies.

However, there are other uses of CBD as well such as for vaping, CBD oil, tinctures, CBD edibles, lotions and creams, skin patches, etc.

Kratom also enjoys global audience consumption in many forms. Most brands like Kona Kratom have the herb available in over 2 dozen strains as a powder that can be used to make tea, smoothies, or edibles. Though you can also chew the kratom leaves or try kratom kava, weed, or vapes to receive the benefits of the plant.

The most popular form of kratom is the powder, however, some people have been taking the powder inside kratom crazy capsules as well. These lab-tested capsules are quick and convenient, especially for those few who do not like the taste of the plant but wish to enjoy the benefits.

 

What is the future of kratom and CBD?

Both kratom and CBD have a promising future because people are rampantly slanting towards these two compounds. Kratom is controversial, but many people who use it claim it can help in fighting depression and anxiety.

On top of that hemp derived gummies are a new edible way besides vaping, oils, and regular capsules.

There are millions of people who are down because of their mental health in this day and age. So if they use it, the market for kratom will see an upward trend in a short time.

For as long as CBD is concerned, the market is expanding every day as people continue to use it as a verified drug for recreational reasons.

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