eBay executive explains why millennials are buying CBD oil
According to one of the eBay executives, nowadays millennials are quite worried over the lack of social security by the time they retire, but for the short term, the budding generation is highly alarmed about products which can help in relaxing their state of mind.
On the contrary, the company states that the millennial shoppers brought over 217,400 scented oil diffusers from eBay alone in the year 2018. A sharp increase in sales is noticed this year, marking 58% in the last 6 months alone. eBay has the first time ever spelled the beans on sales further stating that 39,000 shoppers purchased CBD oils and CBD infused supplements in 2018. Curious and enchanted, the team further conducted a search and found that 284,000 shoppers used these products for treating symptoms of anxiety. According to the Vice President of Buyer Experiences Bradford Shellhammer, the universal presence of mobile devices has forced the millennials to irregularly disconnect, or prioritize wellness.
CBD is a booming market
The aromatherapy sales at eBay may not seem surprising to us, known for its established mood and stress alleviating benefits. Though the company’s statistic for CBD online search and sales not only represents the recent growth, but also the movement to overcome “digital wellbeing” in multiple ways. They’ve been involved in speaking to the silently rising CBD market. A renowned cannabis analytics firm, the Brightfield Group believes that the CBD market would drastically grow from $591 million sales this year to an astounding $22 billion by 2022.
Speaking about the medical benefits of CBD, there are many anecdotes and studies available to speak over this topic. Quite a lot of people who have used CBD have experienced excellent result from the all-natural properties. It is believed to reduce the symptoms of anxiety, pain, depression, insomnia, schizophrenia, and even cancer.
Bradford Shellhammer further added that we should all patiently see millennials striking a balance between the uses of technology for making their lives fulfilling and convenient while making conscious decisions in the favor of real-world experiences.