A recent report by The Insight Partners valued the CBD gummies market at $2.13 B in 2021 and projects it will reach $12.18 B by 2028. The research study, “CBD Gummies Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Category and Distribution Channel,” said the market is expected to grow at a…
Study Will Probe Effects of CBD in Occasional Cannabis Users
Health Canada approved the amendment of a phase I study conducted in collaboration by leading cannabinoid-derived drug discovery and development company Tetra Bio-Pharma Inc. and Dr. Jutras-Aswad and the University of Montreal Hospital Research Centre. The study will assess the safety profile of low and moderate doses of inhaled CBD and determine the cognitive,…
Who Verifies Content Levels of CBD and Other Ingredients?
With the U.S. Food & Drug Administration avoiding the regulation of CBD-hemp products, the role of independent, third-party laboratories in verifying the content of those products is especially important. Consumers will want to have confidence in a CBD product before purchasing and using it. In any relatively new industry, providers must overcome consumer doubt.…
New Report Projects Big Jump in Cannabis Sales This Year
Global cannabis sales for 2022 will reach just over $35 billion, a jump of approximately 22% over 2021 sales of $29 billion, according to most recent five-year rolling market forecast update from industry research company BDSA. The company forecasts global cannabis sales will surpass $61 billion in 2026, a compound annual growth rate (CAGR)…
Study Finds Cannabinoids Ease Pain in Cancer Patients
HERZLIYA, Israel – An Israeli biomedical company that develops medical products based on cannabis and fungal extracts has reported study results which show that using mushroom compounds in conjunction with cannabinoids achieves an 80-100% reduction in pain sensation. The company, Cannabotech, also reported that adding defined concentrations of other cannabinoids allowed using lower concentrations of…
Rare Cannabinoids Subject of Radicle Science Study
Radicle Science, a healthtech B corporation specializing in validating health and wellness products, will launch what’s being called the first large-scale, blinded, placebo-controlled clinical trials on rare cannabinoids, including THCV, CBN, CBG and CBC. The trials – dubbed Radicle Discovery – will study those cannabinoids’ effects on energy, focus, appetite, sleep disturbance, pain, stress and…
Clinical Trial Confirms Hemp Extract’s Effectiveness
Leading cannabidiol (CBD) hemp extract wellness products maker Charlotte’s Web recently released positive results from a randomized, controlled, clinical trial study which evaluated the effectiveness of hemp-derived CBD extracts. Charlotte’s Web participated in the Radicle ACES (Advancing CBD Education and Science) study, conducted by Radicle Science, an independent health tech company validating health and…
Minor Cannabinoids See Increased Interest From Cannabis Consumers
From CBN and CBG to delta-8, delta-10, and THCv, innovations with minor cannabinoids are just getting started. Cannabis consumers are expressing a willingness to purchase these new, rarer cannabinoids, according to market research firm Brightfield Group. According to Brightfield Group data, 21% cannabis consumers said they were either “likely” or “very likely” to purchase delta-8,…
Georgetown Hemp Opposes State Bills SB0788 and HB1078
Georgetown Hemp and other hemp industry businesses in Maryland announced the industry’s opposition to state bills SB0788 and HB1078. The bills, if passed, would effectively devastate the hemp industry in Maryland, increase expense and inconvenience for those currently using the Delta 8 THC products to relieve pain and suffering, and further solidify a medical marijuana…
D Oh Gee CBD Daily Turkey Bites Voted 2022 Product of the Year
Sky Wellness’ D Oh Gee CBD Daily Turkey Bites has been named Product of the Year for 2022. Product of the Year is the largest consumer-voted award for product innovation, determined by 40,000 American shoppers through a national survey conducted by Kantar. D Oh Gee CBD Daily Turkey Bites is a 100% natural, premium dog…