The cannabidiol (CBD) industry has grown exponentially over the last few years. An increasing number of people are incorporating it into their diets. Many take it as a daily supplement in order to take advantage of its various potential health benefits. Recent – although limited – studies and research suggest that these potential benefits are both physical and cognitive. You may be wondering: “Should I stock up on CBD because of COVID-19?”
According to the National Retail Federation (NRF), there was a 700% increase in consumer demand for CBD-based products in 2019, with Rolling Stone reporting that the industry will be worth a staggering $22 billion by 2020. These numbers alone are impressive. However, as a result of the 2020-21 COVID-19 pandemic, the CBD industry has directly profited and grown even more. Perhaps this is unsurprising. Although there is no evidence to suggest that the cannabinoid can help to protect against the virus specifically, more and more people are deciding to give it a try in an attempt to boost their general health and well-being, as well as immunity.
So, Should I Stock Up on CBD Because of COVID-19?
Despite the pandemic, there is no need to stock up on CBD because of COVID-19.
It’s true – sales have soared. There was also a time during the start of the pandemic that production slowed due to obvious staff shortages and manufacturing shutdowns. Since then, however – like every industry – CBD manufacturers and distributors have adapted to what we call “the new normal.” For that reason, the cannabinoid is in no short supply. Industrial hemp is still in production, and CBD is still extracted and sold worldwide.
So, like there was no need to stock up on canned goods and toilet paper at the start of the pandemic, you don’t need to stock up on CBD now. Of course, buy what you need for the immediate future. Also, re-order well before you totally run out, just as a precaution. This is especially true if you have a specific condition to treat. You may also want to buy a particular brand or type of product (e.g., suppositories only), or require an extremely high dose.
However, in general, don’t panic. Mass bulk buying only causes disruption to the sales flow and an unnecessary excess of product in your possession. Additionally, CBD oil only has a shelf life of roughly 14 to 24 months. After that, it will start to lose its potency.
In short, there’s plenty to go around. And if the numbers are anything to go by, CBD companies aren’t going anywhere anytime soon. Click here to shop high-quality, broad-spectrum CBD products.