CBD.market Finds Out Why Famous Celebrities Invest in CBD Industry

• Published May 31, 2024

Undoubtedly, celebrities are often the driving force behind many health trends and have a massive influence on their fans. Many actors, singers, and other public figures have jumped on the CBD bandwagon thanks to the positive benefits they’ve experienced from this compound found in hemp plants. They often note how various CBD products have helped them daily. As influencers, they know that their followers take their word at face value.

Many celebrities are also savvy businesspeople and realize that there is money to be made from investing in CBD products. Yet, how do you separate the good from the not-so-good celebrity CBD brands? The answer is CBD.market. When you shop at an online store, you’ll be assured of quality products like CBD oil and more that have the highest quality.

The CBD Market Continues to Grow

The passage of the U.S. Farm Bill in 2018 legalized the hemp industry, allowing CBD products to enter the market.

You may have noticed that CBD products are currently everywhere. Business analysts believe the market for CBD products will continue to grow. The global cannabidiol market was valued at $7.71 billion in 2023 and is expected to grow at an annual compounded rate of 15.8% through 2030 due to the increasing legalization and acceptance of hemp-based products. This has prompted many new companies to manufacture more CBD products. The rise of online stores allows cannabinoids to reach a wider audience, stimulating the industry’s growth.