CBD. You are clearly living under the rock if you haven’t heard of this compound before. Though mentioned in our Ayurvedic texts, the CBD industry boomed in the west but now it is slowly coming to India as well. Even though our government of India recognizes the health benefits of hemp CBD, there are a set of people who are still inhibited about trying out this miraculous herb. If you are one of those people, continue to read this article. This article will help you figure out what CBD is and how to make sure the stuff you are buying is legit and won’t make you end up in jail.
First thing first, what is CBD?
CBD, for short, is cannabidiol. It is a chemical compound from the Cannabis Sativa plant that gives the feeling of relaxation and calm. There is another compound present in this plant known as THC, Delta-9 Tetrahydrocannabinol, which is the major active ingredient in marijuana. While CBD is not psychoactive and doesn’t cause an altered state of mind the same is not true for THC.
Is CBD Oil Legal?
Cannabis Sativa has been a part of the Indian Ayurvedic system of traditional medicine for centuries but with time, one of its compounds CBD has gotten a bad rap. Misguided perceptions have added to a social stigma. Due to such baseless claims, many people have been left wondering whether the consumption of cannabidiol oil India is safe to consume or not. Understand this, India is a signatory to an international treaty-Single Convention on Narcotic Drugs. Under this convention and Narcotic Drugs and Psychotropic Substance (NDPS) Act, India has banned the recreational use of cannabis and its products.
Here Cannabis means the flowering or fruiting tops of the cannabis plant also known as cannabis Sativa or marijuana. Apart from flowering tops, leaves and seeds of the plant have been excluded from the legal purview. It could be due to the plant’s medicinal uses and India’s social and religious customs. Just like Bhaang is not prohibited under any law in India, the use of cannabidiol oil India is also not prohibited.
Are all CBD products legal to take?
The licensed sale of Cannabinoids, including CBD Products is permitted in India under the NDPS Act. So, when choosing CBD oil from any manufacturer ensure the company has the license to sell such products. Our government of India has allowed 0.3% THC in the CBD product to be considered legal provided the customer is buying it for medicinal purposes. The Ministry of Ayush has given the license to only a handful of players who can increase the legal dosage of THC that is 0.3% above provided the customers take proper consultation for it.
Just ensure one thing:
The primary issue with many products being sold online is that they don’t mention the exact content description of THC and thus, there is no other way of finding out whether the particular product carries higher than 0.3 percent of THC or lower. This is where a license tag will help you choose a better product for yourself.
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Cannabidiol Oil (CBD Oil) Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Cannabidiol Oil (CBD Oil) industry with a focus on the Chinese market.
The report sheds light on the highly lucrative Global Cannabidiol Oil (CBD Oil) Market and its diversifying nature.
The report provides a detailed analysis of the market segmentation, size, and share; market dynamics such as the growth drivers, restraints, challenges, and opportunities; service providers, investors, stakeholders, and key market players.
The Global Cannabidiol Oil (CBD Oil) Market Industry report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition.The report also includes a detailed assessment on the key strategies and approaches implemented by the leading industry players and also provides the market share forecasts.
The report presents some illustrations and presentations with regards to the market, which includes graphs, tables and pie charts, representing the percentage split of the strategies adopted by the key players in the global market.
The product launches are regarded as one of the key strategies adopted by the leading market competitors in the Global Cannabidiol Oil (CBD Oil) Market so as to present novel and innovative products in different business segments.The key points of the report:1.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.2.The report explores the international and Chinese major industry players in detail.
A recent market study published by Future Market Insights on the Cannabidiol (CBD) Oil market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030.
After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.The global Cannabidiol (CBD) Oil market size is expected to reach US$ 4.9 Bn by the end of 2030.
Some of the market players featured in the report are CV Sciences, Medical Marijuana, Aurora Cannabis, Canopy Growth Corporation, Canntrust, Tilray, Kazmira LLC, Connoils, and Elixinol among others.Market SegmentationThe global Cannabidiol (CBD) Oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.Product TypeApplicationDistribution ChannelRegionHemp OilMarijuana OilPharmaceuticalsFood & BeveragesGummiesChewing GumsChocolate barsCandiesBeveragesDairy Products Bakery ProductsSnacksCosmeticsOthersDirect/B2BIndirect/B2CHospital PharmacyRetail PharmacyHypermarkets/SupermarketsConvenience StoreOnline RetailOthersNorth AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaMiddle East and AfricaReport ChaptersChapter 01 - Executive SummaryThe executive summary of the Cannabidiol (CBD) Oil market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Cannabidiol (CBD) Oil market.Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11661Chapter 02 – Market OverviewReaders can find the detailed segmentation and definition of the Cannabidiol (CBD) Oil market in this chapter, which will help them understand basic information about the Cannabidiol (CBD) Oil market.
The processing overview and technological advancements in the Cannabidiol (CBD) Oil market is also provided.Chapter 04 - Global Cannabidiol (CBD) Oil Market Value ChainProfit margins at each level of the Cannabidiol (CBD) Oil market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.Chapter 05 – Global Cannabidiol (CBD) Oil Market Pricing AnalysisThe pricing of the Cannabidiol (CBD) Oil market by product type is analyzed in this chapter.
Pricing break-up between different types of players involved in the Cannabidiol (CBD) Oil market, price forecast till 2030 and factors affecting pricing of Cannabidiol (CBD) Oil has also been provided.Chapter 06 – Global Cannabidiol (CBD) Oil Market Analysis and Forecast 2015-2030This chapter includes detailed analysis of the historical Cannabidiol (CBD) Oil market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030).
This part also offers market attractiveness analysis based on product type.Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11661Chapter 08 – Global Cannabidiol (CBD) Oil market Analysis 2015-2019 & Forecast 2020-2030 by ApplicationBased on application, the Cannabidiol (CBD) Oil market is classified into pharmaceuticals, food & beverages, cosmetics and others.
