Updated: Oct 30, 2022
It feels like Cannabidiol (CBD) is relatively new. It’s not. CBD is a component of cannabis. And cannabis has a been a part of humanity throughout history.
CBD oil has a long and storied past. However, as little as a quarter of a century ago, consumers had not heard of CBD. Today, modern science has identified a family of molecules known as cannabinoids as well as the human endocannabinoid system. We’re just beginning to substantiate through human studies how CBD affects the body.
Listed below is a brief timeline of CBD and Cannabis.
2727 BC - The first documented use of cannabis-derived medicine dates back to 2737 BC when Chinese Emperor Sheng Neng used a cannabis-infused tea to aid with a variety of ailments including memory, gout, rheumatism, and malaria.
1619 - Before the establishment of the United States, King James I in 1619 decreed that the American colonists of Jamestown would do their fair share towards supporting England by growing and exporting 100 hemp plants.
1764 - George Washington grew hemp at Mount Vernon as one of his three primary crops. The use of hemp for rope and fabric later became ubiquitous throughout the 18th and 19th centuries in the United States.
1839 - Throughout history, cannabis had served as a valuable therapeutic resource. It wasn’t until 1839, when Irish physician and medical researcher, William B. O’Shaughnessy, published a study which investigated the plant’s therapeutic effects.
1942 - In 1942 the American chemist, Roger Adams, made the historic discovery of the first cannabinoid, CBD. His isolation of the compound also led to the discovery of THC, the compound responsible for the "high" feeling provided by THC-full recreational cannabis.
1963 - Dr. Raphael Mechoulam made the first breakthrough towards understanding the effects of individual cannabinoids in 1963 when he successfully identified the stereochemistry of CBD.
ABOUT CBD OIL
CBD is a compound found in cannabis. The majority of CBD in the US is derived from hemp plants. Hemp is defined as any part of the cannabis sativa plant with no more than 0.3% of tetrahydrocannabinol (THC), the mind-altering substance in cannabis.
Hemp oil is not the same as CBD oil - The production of CBD oil uses the stalks, leaves, and flowers of the hemp plant, which contain a higher concentration of CBD. Hemp Oil is derived from hemp seed oil and comes from the seeds of the cannabis sativa plant.
About the Cannabis Plant - There are two main species of the cannabis plant that are cultivated for human consumption, namely Cannabis indica and Cannabis sativa.
Cannabis sativa plants are taller and produce more fiber and are therefore the species from which hemp cultivation arose. Cannabis indica plants are shorter and bushier and less suitable for farming for either industrial purposes or for production of food, but well-suited for producing medical marijuana.
How Popular is CBD
CBD continues to show impressive gains in year to year sales.
In 2021, CBD generated over $5.3 billion USD in product sales revenue through both online and in-store transactions.
By 2024, the market is expected to develop exponentially, with estimated sales amounting to $12 billion USD – an increase of $6.7 billion USD from 2021.
California sold the most CBD products across the United States in 2021. With sales reaching $24.9 million USD (36% of market share) by May. However, it’s worth noting that sales are declining in California and other states with recreational cannabis.
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