Fourteen percent of Americans personally use products containing hemp extracts, according to a recent Gallup Poll. Meanwhile, 85% of people in the U.S. are either not yet familiar with the cannabis-derived products or do not currently use it. Cannabidiol is a nonpsychoactive component of the cannabis plant. Unlike marijuana, which tends to contain high levels of tetrahydrocannabinol (THC), Cannabidiol doesn't get people high. However, many people use hemp extract products for their perceived health benefits.
Gallop's survey shows that 40% of cannabidiol users cite pain relief as a primary reason for why they take hemp extracts. Anxiety (20%), insomnia (11%), and arthritis (8%) are the next most cited reasons for use.
Although the great majority of Americans do not currently use cannabidiol, usage may be set to increase significantly in the coming years. The 2018 Farm Act legalized the production and sale of hemp-extracted cannabidiol. Since that time, many companies have ramped up their production and distribution capabilities. All told, sales of hemp extract products in U.S. could reach $23.7 billion by 2023, according to the Brightfield Group.