Global legal cannabis spending is forecast to reach $47 billion in 2025, according to industry analyst BDSA (formerly BDS Analytics). That’s a value too big to ignore for many companies and industries. The U.S. will continue to be the largest global market, driven by more and more adult use cannabis markets opening. Much of…
Cannabis Brands Look to Lead Clean Beauty Space
SAN FRANCISCO – Move over Goop and Saint Jane. There’s a new breed of brands taking the clean beauty movement to the next level – and the reason may surprise you. The secret is the most controversial plant in America: cannabis—as in marijuana, not hemp—which is legal in some form in most states but…
Creating a CBD Product Line: Some Caveats
PORTLAND, Maine – The current widespread proliferation of CBD-based products has further highlighted the rapid expansion of the industry with more retailers and medical outlets continuing to sell CBD products. Research by CBD market analyst the Brightfield Group projects that the U.S. hemp CBD market will reach $22B by 2022. While getting a piece of…
June 2019: Adapting to Tobacco Category Evolution
As regulations erect roadblocks to tobacco sales, c-store retailers expand into alternate segments in hope of finding new ways to grow sales. Throughout the first half of 2019, the tobacco category has been inundated with proposed legislative restrictions. One Hawaii lawmaker attempted to graduate the minimum purchase age to 100 (it soon fizzled out in…
Sheetz Announces CBD Product Line
Sheetz announced it has launched an extensive line of CBD products, now available at more than 140 of its Pennsylvania stores. Both isolate and full-spectrum products will be offered, including topical rubs and patches, tinctures, vape pens, oral pouches, capsules, pet products and more. Ryan Sheetz, AVP of Brand at Sheetz said he was excited the…
Sweets & Snacks Expo Highlights Consumer Trends, New Products
The 2019 Sweets & Snacks Expo began Tuesday, May 21 at McCormick Place in Chicago. The expo, May 21-23, features about 450 candy exhibitors and 350 snack exhibitors, 2,000 new product launches and more than 25 learning sessions. More than 15,000 industry professionals are attending. Attendees can connect with buyers, category managers, merchandisers, operations, executives…
Texas Expected to Legalize Hemp, CBD Products
Texas state Senate voted unanimously in favor of a bill to legalize hemp and hemp-derived extracts like CBD, as long as they contain no more than 0.3% THC, the psychoactive element in marijuana. House lawmakers must now decide whether they agree with the Senate’s amendments. Then, the bill will go to Texas Gov. Greg Abbott’s desk to either…
Carl’s Jr. Testing CBD Burger in Denver
Carl’s Jr. is testing a CBD burger at one location in Denver on April 20. The Carl’s Jr. Rocky Mountain High: CheeseBurger Delight features a sauce infused with CBD, a non-psychoactive hemp derivative. The burger chain is using the test to determine whether a CBD burger belongs on its permanent menu, Patty Trevino, senior vice president…
Adding Spark to Energy Shots
5-hour Energy continues to dominate the conveneince category with a nearly 93% share of the category in 2018 despite sales, which totaled $699.5 million, dipping 0.4% from 2017, according to IRI, a Chicago-based research firm. Overall, the nearly $700-million segment saw a 0.8% decline last year, according to IRI. This is due in part to…
Rite Aid to Sell CBD, Stop Selling E-Cigarettes
Rite Aid Corp. will stop selling e-cigarettes in its drugstores and will begin selling cannabinoid (CBD) products. Company executives said the decision was made due to the increased number of teenagers and children using the products. “While many feel these products are beneficial to those of legal age who’re trying to quit the use of…
New Market for Accessories
States’ legalization of recreational marijuana — and increased use of CBD — can boost business for accessory products like lighters, pipes and rolling papers. An increasing number of states have voted to legalize the recreational use of marijuana. In November 2018, Michigan joined the ranks, and as of January 2019, Vermont residents can legally use the…
Walgreens to Sell CBD Products
Walgreens and CVS will sell CBD products in select states Walgreens told CNBC that it will sell cannabinoid (CBD) creams, patches and sprays in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. “After a thorough review and analysis, we will be offering certain products containing Cannabidiol (CBD) in nearly 1,500 Walgreens stores…
2019 Category Management Review
Convenience categories are evolving quickly. This year, CSD highlights the latest movers and profitable moneymakers. A CSD Staff Report If there is one word that perhaps best describes most convenience categories in 2019 it might be innovation. We’re talking innovation on the part of fast-moving consumer product manufacturers and innovation on the part of convenience…
CVS to Sell CBD Products
The company is working with CBD product manufacturers to sell topical “creams, sprays, roll-ons, lotions and salves.” CVS stores in 8 states will begin selling cannabidiol (CBD) products. CBD will be sold in topical products including “creams, sprays, roll-ons, lotions and salves,” CVS Health spokesman Mike DeAngelis told USA TODAY. “We are not selling any CBD-containing…
FDA: CBD Food Laws Could Take Years
The FDA is putting together a group to identify “potential legislative pathways” for allowing CBD into the food supply. The Food and Drug Administration (FDA) Commissioner Scott Gottlieb said it could take years for the agency to create rules around cannabidiol (CBD) in food products without Congressional action. At a Brookings Institution event, Gottlieb said…
TPE 2019 Headed to Las Vegas
TPE to feature an expanded show floor. TPE 2019 is set to kick off in Las Vegas this February. The show draws tobacco manufacturers, distributors and retailers ready to turn their sights toward optimizing profits in the new year. Held from Monday, Feb. 11 through Wednesday, Feb. 13 at the Las Vegas Convention Center, TPE…
AB InBev Considers Cannabis-Infused Drinks
Tilray and AB InBev team to examine the potential market for beverages containing cannabis in Canada. AB InBev, the parent company of Budweiser, has joined forces with Canada’s Tilray to examine the potential of cannabis-infused beverages. AB InBev and Tilray will invest a combined $100 million into the effort to gain an understanding about commercial…
Congress Legalizes Hemp Giving Green Light to CBD
President Trump is expected to sign the Farm Bill into law. On Wednesday, Dec. 12, Congress passed the U.S. Farm Bill, which legalized hemp, a species of cannabis from which CBD can be extracted but that is not psychoactive, meaning it cannot get users high. According to a report by Vox, the bill was introduced…
Millennials Disrupt Grocery Norms
Study shows Millennial food shopping habits diverge from previous generations. Savvy c-store operators are watching the preferences of the Millennial demographic, which are changing the face of retail. A new study released at the 2017 SupplySide West conference confirms Millennials’ pivotal role in upending long-standing “truths” within the food, beverage and supplement categories. Conducted by…
Stress Reducing Hemp Oil Vapor Comes to C-Stores Nationwide
Hemp Oil Vapor is currently already in 700 convenience stores in Oregon, New Jersey and Arizona. It will soon be in locations nationwide. In pharmacies also, the stress reducing hemp e-juice is a vaping liquid for e-cigarettes. But is it marijuana? No, it’s an extract from the cannabis genus of plants called Cannabidiol or CBD.…
United Supermarkets Donates To Food Bank
Lubbock, Texas-based United Supermarkets and its guests donated an additional $28,614 and 8,338 pounds of food to South Plains Food Bank during the company’s recent mini food drive at its 10 stores in Lubbock County. Following the public announcement in early August that the food bank was facing a critical shortage of food, United responded…