Public acceptance, natural and holistic profile will drive wellness and personal care demand for CBD-related products. The beauty and personal care market is lucrative for cannabis-derived products. Global retail sales are expected to reach $513 billion in 2020 with nearly 20% of sales generated from North America, according to Euromonitor International. Not surprisingly, Canada…
Anticipated Regulatory Changes May Create Perfect Storm for CBD Market
Proposed federal legislation could reduce uncertainty, open up hemp-based and cannabidiol products market. The CBD, or cannabidiol, segment is one of the fastest-growing within the cannabis industry. Overall, the CBD market has accelerated at a tremendous pace as various studies have debunked the common misconceptions swirling around the compound. CBD is now known to offer…
New Method of Infusing CBD in Beverages
Nanoemulsion makes CBD oil water soluble, enhances absorption speed and effectiveness of hemp-based additives. A decade ago, almost nobody had heard of CBD aside from a handful of researchers. Today it’s a different story. The expanding CBD market is estimated to grow at an explosive rate – from $5 billion in 2019 to $23.7 billion…
Colorado a Leading Voice on Hemp Industry Banking Access
Proposed law would address current federal restrictions that prohibit banks interacting with hemp, cannabis and marijuana businesses. Colorado Gov. Jared Polis unveiled a plan through which he seeks to have the federal government increase the number of financial institutions conducting business with the legal marijuana industry. U.S. Rep. Ed Perlmutter, a Democrat who represents the…
Retail Outlet Distribution Deal Set for Major CBD Maker
Partnership has potential to add more than 4,000 retail outlets for growing GL Brands hemp-CBD products manufacturer. Global hemp consumer packaged goods company and house of brands GL Brands announced it has entered into a new U.S. distribution relationship with Imperial Distributors, a leader in distribution and merchandising of supermarket non-food goods. Imperial will distribute…
Ready for Hemp to Fly High?
Increasing awareness, further legalization send sales projections soaring over the next decade. Global hemp-based products market is projected to grow at an impressive compound annual growth rate (CAGR) of more than 23% between 2019 and 2029, surpassing a valuation of $19B by 2029, according to a new report from market analyst Fact.MR. Hemp has…
CPG Advocate Forms CBD Advisory Board
Consumer Brands Association appoints five-member group with assembled expertise from across government, health and law enforcement. The Consumer Brands Association, which represents the world’s leading food, beverage and consumer products companies under the umbrella of consumer packaged goods (CPG), last month launched an advisory board to guide the organization’s work to enhance safety and ensure…
Creating a CBD Product Line: Some Caveats
Doing the legal and financial legwork now could pay off later for early CBD entrepreneurs. 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…
Inaugural CBD Retail Trends Conference 2020 set for May in Nashville
Registration is now open for the inaugural CBD Retail Trends Conference, which will take place from May 6-7, 2020, at the Hilton Garden Inn in Nashville, Tenn. The two-day event will provide informational and discussion sessions, along with networking opportunities between attending retailers, CBD industry and other vendors, as well as others interested in…
Report: Pet Owners Adopting CBD
Many forgo veterinary prescriptions in favor of pet CBD products, indicating strong potential for market segment. CHICAGO – In its recent report, Brightfield Group, a consumer insights and market intelligence firm for the CBD and cannabis industries, provides insight into the consumer and market landscape for the pet CBD industry. Based on a recent survey,…
Emerald Organic Products Merging With Pura Vida
Science plus nature: Combination of CBD industry health and wellness leaders will likely enhance global hemp-based product market penetration. Emerald Organic Products Inc., a diversified cannabidiol (CBD)-focused health sciences company, recently announced the completion of plans to merge with Pura Vida Health, a health and wellness company focused on using natural ingredients – including the…
Cannadips Partners With Lexaria Bioscience on CBD Absorption Tech
Oral pouch and dip initial licensing agreement for 10-year term, option for another five and possible expansion to all of North America and Europe. Smokeless CBD dip brand Cannadips CBD will partner with Lexaria Bioscience Corp., a global innovator in drug delivery platforms, to use Lexaria’s patented DehydraTECH technology for faster, irritation-free absorption of the…
Asheville Hemp Project Launches CBD Gum
Operators of Carolina hemp farm promise more products to follow as they repurpose one-time tobacco industry infrastructure. ASHEVILLE, N.C. – Asheville Hemp Project (AHP), an Asheville, N.C.-based hemp cultivator, is unveiling its new CBD Mint Gum. The launch marks the first consumer product for the brand, with other SKUs in the pipeline. Asheville Hemp Project…
Solari Hemp Partners With Core-Mark for Retail Distribution
Colorado hemp company looks to bring its CBD ingestibles and topicals to nationwide market outlets. LONGMONT, Colo. – Solari Hemp, the farm-to-shelf wellness company offering premium hemp-derived CBD, today announces a strategic partnership with Core-Mark International Inc., one of the largest distributors and marketers of consumer goods in North America. Solari’s 100% THC-free line…
Part II: U.S. Hemp-CBD and CPG Industries Forecast 2020
Hemp-CBD prices will fall, ingestibles for people and pets will rise, and more product will land on traditional retail shelves. Welcome to Part II of CBD Retail Trends’ conversation with Rich Maturo, vice president for cannabis practice at Neilsen, the market research organization known for having its finger on the pulse of consumer…
Tennessee State Senator Runs Legislative Survey on Medical CBD
Question asks if ‘medical’ CBD with higher levels of THC should be permitted when prescribed by a doctor. The state of Tennessee is among those still trying to work out how to integrate cannabis products into the market. Senator Kerry Roberts recently released a Legislative Survey asking citizens to offer their opinions on legalizing…
Socati Now Offers Private Label Lineup
Texas-based hemp extract processor’s ‘concept-to-market’ partnership harnesses full staff of experts for product creation, from science to marketing. Austin, Texas-based Socati Corp., a leading processor of broad-spectrum hemp extracts, has launched its new Private Label lineup, a full-service offering allowing new and existing brands focused on delivering hemp-infused goods to create and customize several…
February USA CBD Expo Set for Las Vegas
Impressive lineup of celebrities, entrepreneurs will join attendees for more than 300 industry vendor exhibits, networking and seminars. LAS VEGAS – Following its successful inaugural event in Miami last summer, USA CBD Expo is heading to Las Vegas to showcase the growing wellness trend rising in popularity across the globe. Taking place at the Las…
Conference Helps Make Sense of Hemp’s Patchwork Regulation
Legal, academic and industry advocates discuss overcoming legal obstacles, risks of entering CBD and hemp-derived marketplace. In December, the Kentucky Hemp Industries Association took a step to make better sense of regulation of the hemp industry and the products it creates with a conference in the college town of Murray, Ky. The gathering involved…
Part I: U.S. Hemp-CBD and CPG Industries Forecast 2020
Manufacturers will step up education efforts to health care providers, targeting their role as CBD wellness influencers. So, does anybody really know what the future holds for the burgeoning hemp-CBD marketplace? Probably not – at least, not exactly. Still, CBD Retail Trends asked Rich Maturo, vice president for cannabis practice, one of the most…
Santana to Launch Cannabis, Hemp CBD Brand
Longtime musical favorite partnering with California manufacturer Left Coast Ventures for premium smoke, topical product lines. SANTA ROSA, Calif. – Carlos Santana, the 10-time Grammy-winning and three-time Latin Grammy-winning guitarist, as well as longtime cannabis advocate, announced today his partnership with Left Coast Ventures to develop premium cannabis and hemp CBD brands. Influenced by…
Put Your Brand on Casco Bay’s Private Label CBD
Company specializes in proprietary THC-free cannabis product labeling and wholesale supply. BIDDEFORD, Maine – Biddeford, Maine-based company Casco Bay Hemp has responded to customer demand by releasing a new line of private label CBD items, all of which contain 0% THC. The popularity of CBD is skyrocketing throughout the United States, yet many customers…
Maine Hemp Farmers Against Proposed Rule Revisions
Stricter potency THC testing formula, doubling of acreage fees could squeeze out more than a quarter of state’s current number of hemp producers. Passage of the 2018 Farm Bill was instrumental in the growth of the hemp/CBD sector. The legislation also instructed states and tribes to draw up their own hemp programs and…
What’s Ahead for CBD Sales?
While vape crisis may have caused CBD speed bump, sales boost likely as consumers expect more brick-and-mortar outlets to carry edibles, topicals. Cannabis was the leading human herbal medicine for 4,000 years and CBD is the primary cannabinoid associated with wellness and anxiety/stress relief. With this level of history, you may think that CBD would…
VERC Enterprises Chooses Ceres Natural Remedies for CBD Products
Besides product quality, New England c-store chain cites supplier’s commitment to region, investments in training and education as driving reasons behind partnership. VERC Enterprises announced that it is partnering with Vermont-based Ceres Natural Remedies to bring CBD products to its 30+ locations throughout Massachusetts and New Hampshire, with a focus on various oils, gummies, salves…