CBD oil has “taken off” in a big way Down Under. It is considered the “next big thing” by many market experts, and the sales of cannabidiol products have gone through the roof in the last couple of years. However, as is the case with any fast-rising market, there’s more than a fair share of bad actors.
The Australian government is doing its best to create a safer marketplace by imposing stringent restrictions. However, it’s practically impossible to prevent scammers from trying to dupe consumers. Thus, if you’re in the market for CBD oil in Australia, you need to be careful when picking a brand and a product.
Below, I highlight a few things to consider before entering the CBD oil market. First, though, let’s take a brief look at the state of play in the Australian CBD market.
Just How Big Is CBD Oil in Australia?
The word “huge” comes to mind, and it’s only getting bigger. Data from Statista shows that the projected revenues from CBD products will likely exceed $230AUD million. For a better perspective, the revenue generated from CBD equates to around $35 per person.
While the United States is the dominant entity in the industry, with a market size that’s 15-20 times the size of Australia, one must remember just how large the U.S. is compared to Australia. Comparatively speaking, the Australian market is extremely big.
Government support for medical cannabis legalization and research initiatives will lead to the growth of that particular market. Whether that helps or hinders the CBD niche is hard to say. The likelihood is that people will continue to be on the hunt for high-grade hemp oil regardless.
The issue is finding it. There are too many low-standard ‘scam’ products to count. You could easily be tricked into paying exorbitant amounts for what you think is CBD oil, only to find it is hemp seed oil, which is far less expensive and contains no cannabidiol. This scam is also far from being one of the worst.
You have the possibility of consuming excessive levels of THC and contaminants such as heavy metals, pesticides, and insecticides. Here’s what you must do to avoid such problems.
Brand Reputation Matters
There are quite a few things to look for in high-quality CBD oil, and top-rated brands meet these criteria. It’s a good idea to check forums and third-party review sites to see what your fellow consumers say about a brand. From there, it’s a question of determining the quality of the product.
First and foremost, the brand in question needs to use exceptional hemp, preferably with an organic certification. You also want to know that no pesticides or insecticides were used in the hemp-growing process.
Next, it’s about using CO2 extraction to extract CBD and other cannabinoids from hemp. Some reputable brands use ethanol because they guarantee the elimination of residual solvents. However, with CO2 extraction, you don’t have to worry about solvents, and the CBD produced in this fashion tends to be clean and pure.
Above all else, you need proof of the high quality of products, and that’s where third-party lab reports come into play. This documentation highlights the cannabidiol content of the product. It also includes data on the other compounds inside the oil, including THC. Moreover, the report should prove that there are practically no contaminants, such as heavy metals and insecticides.
Premium Jane is one brand that’s believed to sell the best CBD oil in Australia precisely because it follows the best principles of CBD selling. One of its most popular products is its 5,000mg hemp oil, which gives you enough CBD to last for a very long time.
CBD Oil in Australia: Only the Best Will Do
Don’t compromise when it comes to CBD oil in Australia. There are plenty of brands that claim their products are the best on the market. In reality, only a small handful of companies can accurately make this claim. Premium Jane is one, and it’s probably the best place to start your search.
Before beginning your CBD oil journey, take a minute to decide why you’re using it in the first place. By doing so, you’ll take a major step toward finding the right product and consumption method for you.
