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Selling CBD on Shopify (US only) · Shopify Help Center Merchants are not permitted to sell products containing CBD derived from marijuana. All sales of hemp and/or hemp-derived CBD products on Shopify must comply with all laws and regulations that apply in the jurisdiction where the merchant operates, as well as those in the jurisdiction of the merchant’s customers.
Cannabidiol (CBD) is a phytocannabinoid discovered in 1940. It is one of 113 identified cannabinoids in cannabis plants and accounts for up to 40% of the plant's extract. As of 2019, clinical research on cannabidiol included studies of anxiety, cognition, movement disorders, and pain, but there is insufficient, high-quality evidence that it is effective for these conditions.
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Based on $1.9 billion in CBD sales in 2018, this estimate indicates a 13 Jan 2020 One major catalyst for the U.S. cannabis market is cannabinoid or CBD sales.
This is due to two important factors: Hemp is easier to grow than other resources, such as cotton or corn. U.S. CBD Market Anticipated to Reach $20 Billion in Sales by 2024 BOULDER, Colo. — May 9, 2019 — As applications for cannabidiol are brought to market across diverse industries such as cosmetics, health products, food and beverage, pet products, skin care, and pharmaceuticals, the collective market for CBD sales is expected to exceed $20 billion in the United States by 2024, according to BDS Analytics and Arcview Market Research.