Cannabidiol an active agent found in plants of the cannabis variety, such as hemp and marijuana (CBD oil) has been riding a wave of popularity for the last few years as a result of relaxed laws, word of mouth product reviews, and even celebrity endorsement. When derived from the hemp plant CBD oil contains no THC (less than 0.3%) so it can offer wellness benefits without making you feel high. The market for CBD is so explosive right now that it grew from $358 million to $813 million in just one year.
Part of the appeal is the many health and wellness claims being made by daily users of CBD. Claims are being made that CBD oil helps relieve symptoms of anxiety, depression, insomnia, arthritis, chronic illnesses, cancer treatments, and a whole lot more. With the potential to touch so many lives, it’s easy to see why this product is so hot right now. To date, there has not been an abundance of published studies that confirm these claims but as laws soften we will be able to gather more and more empirical data. Early studies are extremely positive although some scientists remain skeptical.
According to CBD KYRO, now is the time to jump in and become an investor as global demand is driving the profit margin sky high. Countries all over the world are developing CBD-friendly laws and the demand is hard to meet so importing will play a crucial role. One place that is particularly true for right now is South Africa. Here are 5 things you need to know about CBD oil legalization in South Africa.
5 things you need to know about CBD oil legalization in South Africa
#1. South Africa is the first country of the African continent to legalize non-prescription CBD sales and use. Amendments to the Medicines and Related Substances Act of 1965 removed CBD preparations for nonserious health claims from a restricted list. The rule includes any product with a CBD maximum daily dose of 20 milligrams. These products are allowed to have an “accepted low risk” health claim as long as they don’t mention specific illnesses or claim to be a cure for any condition. The “accepted low risk” status is seen by many as a stamp of approval from the government that CBD oil is a safe and effective product, although they come just short of actually endorsing the product. Consumers have confidence though and that drives demand.
#2. In South Africa, you can use cannabis products, including those with THC, if you have a prescription. The medical cannabis laws have been in place since 2017. They ruled that the possession and use of dagga, the South African term for marijuana, is legal. You can only get dagga by prescription but you don’t need a specific medical marijuana card like in other countries. Individuals can grow and cultivate for personal use but commercial enterprises need licenses from the local government.
#3. Not very many cultivation licenses have been given out and there are no in-country manufacturers at this time. Only 21 cultivation licenses have been applied for to-date and there are zero licensed manufacturers of CBD products locally. The laws are new and not yet set in stone so local businesses are being cautious. This means the products that are in high demand are currently being imported into South Africa from other countries.
#4. There is a huge market potential for CBD oil sales in South Africa and right now 100% of the products are being imported from other countries. CBD is a major buzzword in the health and wellness sectors with 6.4 million Google searched related to the products each month. This industry is heading towards the billion-dollar mark and is expected to be a 10 billion dollar industry by 2024. South African companies see this as a great investment opportunity.
#5. Clicks and Dis-Chem became the first South African pharmacies to carry over-the-counter CBD oil products. Popular pharmacy retailers in South Africa are already stocking their shelves with CBD products by importing them from outside the region. CBD products started appearing on pharmacy shelves recently in Johannesburg and Cape Town. They are being shelved in the homeopathic goods aisles.
Vaping Is On The Rise For CBD Users
There are plenty of ways to ingest CBD oil such as drops, gummies, supplements, or vaping. While smoking might be out of fashion, vaping is back on the rise. CBD vape juice is made from a mixture of CBD oil and a carrier liquid that is used with a vaporizer. The vaporizer heats up the mixture creating a vape you can inhale. The vape juice can come in different flavors.
Daily CBD Mag outlines how to choose the best CBD vape devices. For beginners, you can start with a simple pre-filled disposable vape pen. An easy and cheap option, the disposable vape pen is great for people that just want to dip their toe in the water and see what CBD is all about. When you’re reading to become a regular user you can get rechargeable and refillable reusable vape devices.
Vaping CBD oil will not get you high, as most legal CBD oils contain little to no THC (The psychoactive ingredient that produces the high feeling). Because of this, CBD is safe to use throughout the day. Many people use CBD oil for pain relief, inflammation, anxiety, and other medical conditions.
Where To Buy CBD Oil In South Africa
While you are starting to see a few CBD oils pop up on store shelves in major cities around South Africa, your best bet for a wide selection is to shop online. If you aren’t sure where to start, check out this list of the best CBD oils money can buy, from Cool Things Chicago. With a lack of tight regulation, there are some fake products out there and you don’t want to get duped. Always buy CBD products from highly trusted companies by doing your homework before ordering.Follow and Subscribe Nyasa TV :