The Impact of the Coronavirus on the CBD Industry

No business could have predicted the impact that COVID-19 would have on the world, and with the vast majority of the population staying at home to prevent the spread of the coronavirus, many industries, both online and offline, have seen peaks and troughs of sales as a result. That being said, one industry that appears to be powering through the coronavirus pandemic is the cannabidiol (CBD) industry, which, one could argue, has both positive and negative reasons attached to its growth.

Related: Coronavirus Pandemic Could Delay Cannabis Legalisation in Europe and the US

 

How many people in the UK take CBD?

To understand the vastness of the CBD industry, we need to know how many people take CBD. To get a rough estimate of that number as well as a reference point, let’s take a look at how many people are taking CBD in Britain.

Research into CBD in the UK, which was completed in June 2019, shows that between 4 to 6 million people in the United Kingdom have at least tried CBD before, with many of them using CBD for calming and therapeutic reasons.

Related: How Far is the UK from Legalising Marijuana?

The research also provides an interesting insight into the percentage of people who support the legalisation of cannabis, which is steadily increasing as more and more people are starting to use CBD and experiencing the benefits it can provide.

 

Why might more people be taking CBD during the coronavirus pandemic?

It has been measured that around six in ten people in the UK have experienced anxiety due to COVID-19. Since many people use CBD for anxiety, with this combination of current events and the uncertainty that is surrounding them, it’s no wonder people are turning to alternative methods like CBD to try and calm nerves and worries during the coronavirus pandemic.

We already know that a vast amount of people have praised the results of CBD to combat anxiety, trouble sleeping and even body aches and pains. If you combine all of those issues with the fact that many are now self-isolating and struggling to stay at home as it’s out of their normal routines, the thought of CBD sounds very attractive.

Related: The Effects of CBD on the Human Body

Of course, as more people begin purchasing CBD products, it does raise concern for the number of people who may be struggling at home due to their anxiety and worries, and although CBD can help to alleviate some of these issues, it cannot cure them.

 

Coronavirus may be a factor for increased CBD doses

The impact of COVID-19 and staying at home could possibly increase the dosage people take, as researched by the Brightfield Group, which conducted a study that identified that 15 percent of CBD users planned to purchase a higher dosage product to help with coronavirus-related troubles.

Related: Legal Cannabis Sales Surging During Coronavirus Pandemic

For those considering a higher dosage of CBD, it’s always advised to be thorough with your research and to only take what is comfortable, as well as buying CBD oils, CBD seeds and other products from a reputable source.

 

Will CBD help those who are in isolation because of COVID-19?

We understand why people are consuming more CBD products but will it really help them during isolation? There is no ‘Yes’ or ‘No’ answer to this, as it’s down to the individual. However, as CBD oils, for example, have been proven to slow down heart rates compared to traditional anxiety medication, it could be seen as a positive alternative for those experiencing daily symptoms of stress and anxiety.

Related: How Cannabis Companies Help Local Communities During Coronavirus Pandemic

The CBD industry can only do its best to help those who need a way to get through these trying times, especially as many households will lose sleep over the impact that COVID-19 may have on their jobs, businesses and families, CBD can be seen as a positive ‘helping hand’ to relieve some of those worries.

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