Cannabidiol (CBD) is one of the most important healing substances in the hemp plant with a strong anti-inflammatory effect without a psychotropic (narcotic) effect.
What is CBD?
Hemp CBD is a non-toxic and non-addictive natural concentrate extracted from the Cannabis plant. It is capable of positively impacting nearly every organ system in the human body and has a balancing effect on both the body and the mind. CBD can be refined into CBD oil health products, which are available in sprays, capsules, concentrates, balms, drops and vape liquid, and can be made into 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.
The legality of CBD
CBD oil is gaining popularity in North America and is considered a food nutrient delivering the benefits of cannabinoids without the psychotropic effects of THC. It has already been legalized in the 50 states of the U.S., and can also be exported to more than 40 countries including China.
Usages and benefits of CBD
According to a series of documentary reports, CBD has shown to be effective in treating epilepsy, Alzheimer’s disease, cirrhosis of the liver and to provide relief from hangover, anxiety and stress.
- CBD oil has been shown to be remarkably effective in alleviating the symptoms of epilepsy and minimizing the severity of seizures not only in terms of intensity but also in frequency. A recent 6-episode documentary on CNN highlighted these therapeutic benefits.
- Ingredients in marijuana CBD oil have been shown to be effective in restoring memory. This may help in the prevention and cure of Alzheimer’s.
- CBD oil has been shown effective for anxiety, stress, panic attacks and a whole range of mood and physiological disorders.
- CBD may help with alcohol and nicotine dependence.
- CBD May prevent cancers and diabetes.
- Usage of CBD to treat epilepsy in China
China has nearly 10 million epilepsy patients, and epilepsy is one of the most common diseases that the Chinese people are eager to cure. In China, epilepsy cannot be completely cured and patients generally rely on drugs or Chinese herbs to temporarily control this disorder. In the US, epilepsy can be cured through surgical treatment, but the high risk factor is a major concern. As a result, most Chinese patients are inclined to seek conservative treatment methods in the field of Western Medicine. CBD oil therefore has a huge potential market for the treatment of Chinese epilepsy patients located in the mainland and overseas.
After entering into a wholesale agreement with a well-know CBD health brand in December 2016, CIIX formally launched the new website for its new subsidiary ChineseCBDoil.com. The website went live on January 31, 2017 at www.ChineseCBDoil.com, which is the world’s first CBD health products online store in the Chinese Language. The website will provide a variety of nutritional supplements containing CBD, including soft gels, capsules and concentrates, for Chinese-speaking customers worldwide. In upcoming months, CIIX will open a retail store in the predominantly Chinese community of San Gabriel, California, also where the Company’s headquarters are located.
Cannabis ‘Yelp’ style app:
At the same time, CIIX launched the world’s first Chinese-language mobile cannabis navigation application. This cannabis ‘Yelp’ style social media mobile app will contain a database of marijuana dispensaries and cannabis strains, a platform to review and discuss various cannabis products, and maps showing the locations of medical and recreational cannabis dispensaries. In addition, the mobile app will offer cannabis business summary reports of Los Angeles and other large cities, so that users can easily get the best recommendations for local marijuana products. This app has already been approved for download by the Apple store.
Clinical trials and research:
CIIX will further study the efficacy of CBD oil for the treatment of epilepsy and Alzheimer’s disease. Besides, the Company will invest in CBD drug R&D enterprises with the goal of developing various CBD drugs that have positive efficacy in combating Epilepsy and Alzheimer’s disease. The application period for new drugs of this type in China is 2 to 4 years, which is much shorter compared to that of FDA. Our goal is to be the first company in China to use CBD oil to help mitigate the suffering of patients with Epilepsy and Alzheimer’s disease.