There has been a clear increase in CBD sales since the start of the worldwide pandemic, In today’s blog we will look at why.

COVID-19 has played a significant role in increased depression and anxiety among the masses around the world. Almost all the countries are affected in one way or another due to an increase in the virus spread. As a result, people are out of jobs and unemployed, and continuous lockdown creates a sense of insecurity about survival. 

Moreover, the pandemic claimed millions and left several heartbreaking stories behind, whereas the third wave of viral infection is in progress, negatively influencing human brains. Cannabis product sales were dropped at the initial phase of COVID-19 because the medical scientists identified the hazards of smoking for the patients infected by the virus. 

As a result, cannabis products were not consumed, but later a massive spike was witnessed when the first wave of the pandemic was over, and people were using the CBD products to kill the depression associated with the COVID-19. Though projected sales returns are not achieved, yet the sector has seen tremendous success in the context. The CBD products sold in the USA during 2019-2021 amounted to $4.2, $4.7, and $6.1 billion, respectively, which has shown some significant results regarding sales growth. Sales in many sectors dropped during the pandemic, but CBD products were getting momentum despite harsh ground realities.

So in this blog, you will learn the top 3 reasons behind the record increase in cbd sales!

• Price Reduction

The income of people in the USA saw a massive drop during the pandemic, which paved the way for the price drop in the cannabis sector. CBD products faced a decline of 79% in prices during 2019 and 2020, which is evidence that sales revenues may not be enough to meet the projected targets, but the sales proceeds were above the targets. Popular brands in the USA contributed a lot to make people more relaxed and happy during the pandemic situation. Massive discounts were offered to sustain the market, and adequate online supplies were made on consumer demand. These initiatives taken by the leading brands paid out in the year 2020 and 2021. 

• Medicinal Benefits

People infected by the COVID-19 faced numerous ailments, including body aches, joint pains, headaches, and appetite issues primarily curable by the CBD. CBD products are recommended for medical use and are good herbal remedies to treat fundamental health issues and minor pains. CBD effectively treats headaches and joint pains, whereas psychological problems, including anxiety and depression, are minimized. COVID-19 was a pertinent reason to develop the stress resulting from trauma faced by numerous people during the lockdowns. News and panic were playing their part to increase the frustration and anxiety among the public, but CBD was providing a helping hand in such dire times. 

• CBD edibles

According to USA federal laws, CBD products are not recommended as edibles, but a significant change in the statistics was seen in several states where cannabis products were used as food supplements. Therefore, it will help the government to revise the federal laws for edible cannabis use. If it happens shortly, it is expected that the CBD products will gain momentum by 2025, and a sales revenue of $16.8 is expected. Moreover, several herbal products are remedies for COVID-19 treatment, and a few studies show that CBD helps cure viral infections in some patients, but the consistency of results is not proven yet.