Cannabidiol, more commonly known as CBD, is one of the fastest-growing health and dietary supplements available on the open market today. But with all sorts of claims being made about what CBD can or cannot do, many folks are left wondering, “what is CBD and who buys it?”
Here we’ll take a look at:
- What is CBD
- CBD Legality
- What CBD is used for
- How is CBD consumed
- Who is buying CBD
- Who is selling CBD
What is CBD?
CBD Credit Card Processing Services Canada
Cannabidiol is a naturally occurring compound derived from hemp or the cannabis plant. It does not contain any psychoactive THC on its own, which means it doesn’t get users “high” or “stoned”. It is extracted from hemp or marijuana in a few different ways which produce CBD in various forms such as oil, tinctures, powders, etc. It is also non-toxic and all-natural.
CBD Legality
Here is where it can get a little more confusing. We all know that here in Canada, marijuana is legal for both medical and recreational use. CBD is derived from marijuana or hemp, on the other hand, is unregulated by Health Canada and is therefore in a grey area. It is legal, but it doesn’t have the same freedom of marketing and promotion that Cannabis does. The science on the efficacy of CBD for treating certain conditions has still not been studied thoroughly enough, and for that reason, Health Canada has deemed it legal, but not yet for health reasons.
What is CBD Used for?
CBD is being used for a wide range of health reasons (keep in mind these are claims and though popular for these reasons, the research is ongoing). CBD is claimed to help treat things like:
- insomnia
- depression / anxiety
- appetite
- pain
- nausea
- epilepsy
- and more
This is a shortlist of what CBD is being used for. Remember that the research is still ongoing and Health Canada hasn’t approved CBD for any of these treatments yet. But, that doesn’t mean loads of people here in Canada and around the world are reaping the benefits of CBD for these reasons. At this point, if it works for you go for it!
How is CBD Consumed?
Because it can be produced in a variety of different mediums, CBD can be consumed in all sorts of ways. Products that exist on the market today include:
- gummies, candies, sweets, edibles
- tinctures or beverages
- oils and creams
- flower or extracts
- powders to add to food or drink
- tea infusions
- and so much more
It seems that everywhere you look today someone is coming up with another way to consume CBD.
Who is Buying CBD?
Lots and lots of people. There is a wide range of people which CBD is marketed to and suitable for. Here are a few examples:
- individuals looking to manage pain without pills
- individuals looking to reduce anxiety without pills
- individuals looking to get the benefits of marijuana without getting “high”
- athletes and celebrities
- health-conscious individuals
- and so many more
Because CBD is so suitable for so many different reasons it has a large appeal to a wide range of people. You may be surprised that someone you know is using CBD regularly.
Who is Selling CBD?
More and more businesses are selling CBD today and we’re not just talking about health food stores or specialty cannabis shops. Today, you can find CBD in gas stations, grocery stores, all over the internet, in local coffee shops, dispensaries, and more. CBD is one of the fastest-growing new industries of the past decade and for that reason more and more businesses are getting into the space.
But getting set up accepting debit and credit card sales for your CBD business can be a bit complicated and confusing. Not all merchant providers will want to work with CBD businesses and that means working with a dedicated cannabis and CBD credit card processing company. Not all cannabis merchant services are created equal.
If you’re interested in selling CBD or cannabis and want to see why accepting debit and credit cards can help your revenue overnight, call today. For the best in CBD Credit Card Processing Services Canada, look no further than over a decade of expertise and investments into the cannabis industry, right here at BrotherProcessing.com Call today for a consultation with Stuart. 1-800-891-8965
