Are celebs fueling growth of the CBD industry?

Celebrity-backed CBD (cannabidiol) brands are driving the industry to new heights, according to Leafreport, a transparent and unbiased CBD information hub.

Award-winning singer / composer, John Legend, reality star Kourtney Kardashian and actress / Goop founder, Gwyneth Paltrow, all feature in Leafreport’s 2019 celebrity CBD recap.

According to the recap, all the above and many more are firm believers in the medical benefits of CBD, which is one of over 100 compounds derived from the hemp plant.

“I have been a believer in the benefits of CBD for some time,’ Legend recently said in a statement.

According to Leafreport, with a strong foothold in the health and wellness space, CBD is primed for celebrity endorsements. The low-THC (or sometimes THC-free) supplement is praised for its benefits of overall wellness without the psychoactive feelings of dizziness or fogginess normally associated with THC (Tetrahydrocannabinol).

“The bioavailability may be subject to change but that's why you have experts such as our team of clinicians and registered dietitians informing the public on a brand-by-brand basis,” said Noa Gans, head of product at Leafreport.

Experts believe that CBD will soon become a multi-billion dollar industry. According to Mordor Intelligence, the cannabis market is expected to reach $89.1 billion by 2024.