What is CBD?
Cannabidiol is a naturally occurring cannabinoid component from the cannabis plant, which interacts with the body’s endocannabinoid system. CBD is non-psychoactive and there is a growing body of evidence that it has many health benefits. It is one of over 100 cannabinoids identified in hemp plants, accounting for up to 40% of the plant’s extract. CBD can be refined into an oil which can be added to products in the form of sprays, capsules, concentrates, balms, drops and vape liquid, that can be made in a variety of flavors and concentrations to suit consumers’ preferences.
The market of CBD
Cannabidiol is one of the fastest growing market categories in the U.S. hemp and legal marijuana industries with a compound annual growth rate of 59%. In 2015, the CBD industry grew from a nearly invisible market a few years ago to $202 million in consumer sales, and it is further expected to grow to $2.1 billion in consumer sales by 2020 with $450 million of those sales coming from hemp based sources.
What is the difference between full-spectrum CBD and CBD Isolate?
Full spectrum or whole plant CBD is CBD that contains all other cannabinoids found in the marijuana plant including CBN (Cannabinol), CBG (Cannabigerol), and THCV (Tetrahydrocannabivarin), and trace amounts of THC (Tetrahydrocannabinol), but in very low concentrations (up to .3%). On the other hand, CBD Isolate is purified CBD that only contains CBD and none of the other cannabinoids, terpenes, or healthy fatty acids that commonly result from the whole-plant extraction process. With Full Spectrum CBD oil products, you have the “Entourage Effect,” where the various cannabinoids and terpenes are working together in synergy, something that Isolate products will lack.
After entering into a wholesale agreement with a well-know CBD health brand in December 2016, CIIX formally launched the new website ChineseCBDoil.com. The website went live on January 31, 2017 at www.ChineseCBDoil.com, one of the world’s first online stores in the Chinese Language offering industrial hemp-derived CBD products. The website provides a variety of supplements containing hemp-derived CBD, including soft gels, capsules and concentrates, for Chinese-speaking customers worldwide. CIIX has also opened its retail store in the predominantly Chinese community of San Gabriel, California, also where the Company’s headquarters are located.