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…
CBD & Hemp Market Cutting Traditional Retail’s Way
Cannabidiol (CBD) and hemp are trending in a big way in 2020, and their presence is expected to only grow bigger. The 2018 Farm Bill legalized the production of hemp when it removed hemp from the definition of marijuana in the Controlled Substances Act. Because CBD is found in hemp, it effectively legalized CBD at…
‘Selling CBD’ Podcast: VERC Enterprises Moving Full Speed Ahead on CBD
While some c-stores are laying back, assessing the developing CBD marketplace, one chain is moving full speed ahead into connecting its customers with the benefits of CBD-related products. CStore Decisions Senior Editor Thomas Mulloy speaks with New England convenience store chain VERC Enterprises CEO Leo Vercollone about his company’s robust commitment to entering the…
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…
Flavored Tinctures
Curaleaf’s new flavored tinctures allow for easy and consistent dosing and are available in a variety of potencies, cannabinoid profiles and flavors. By placing a few drops under the tongue, they can be taken orally or added to food or drink. Curaleaf is the largest national retail dispensary brand in the U.S., as well as…
Report: Pet Owners Adopting CBD
Many forego veterinary prescriptions in favor of Pet CBD, indicate 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, 48%…
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…
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…