As I begin to understand how the CMS works, I don’t know why my text isn’t displaying the formatting from the .md file.
When I use #, ##, ###, **, etc., the text appears as plain text in my Elements “text” component, which is probably “normal” behavior.
Therefore, I’m not benefiting from the formatting. Am I missing a step?
Thanks 
The CMS and Text Components are two different things.
There are actually four different “text” options in Elements: CMS Markdown, Markdown Component, Text, and Typography. Each is treated differently.
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Oh ? I must have missed that chapter in the wonderful “CMS Elements” book! 
My book only covers CMS Markdown, not the other three. If you want to work in Markdown, you should use CMS Markdown for your blog-type files, and the Markdown component in your other pages that have longer bits of text.
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