One of the most important uses of data in any industry is giving companies a realistic picture of supply and demand.
Read MoreChart: 20% of hemp lots will exceed 0.3% THC limit next year, USDA estimates
In 2020, one in five lots of hemp will need to be destroyed because the plants exceed the legal THC limit, according to new estimates from the U.S. Department of Agriculture (USDA). These USDA estimates are some of the figures outlined in Hemp Industry Daily’s new special report, “USDA Hemp Rules: A Handbook for Hemp […]
Read MoreChart: Hemp sales could increase by more than $100 million by 2022, USDA predicts
U.S. hemp sales could increase as much as $25 million in 2020 and by more than $100 million in 2022, according to new estimates by the U.S. Department of Agriculture (USDA).
Read MoreChart: CBD retail landscape is rapidly evolving
After spending years as a niche item in specialty stores, CBD-infused products have found their way onto the shelves of prominent retailers – and the ingredient’s presence and availability may yet increase. This week, CBD companies announced a number of new distribution deals. Consider: Southeastern Grocers joined the CBD category, announcing it will begin selling […]
Read MoreChart: Median acreage of US hemp operations decreases, but average acreage rises
The median acreage planted by U.S. hemp operations decreased between 2018 and 2019 while the average size increased – a trend driven by both the risks and opportunities associated with hemp production. According to the 2019 Hemp & CBD Industry Factbook, the number of small-scale growers operating in the hemp space surged between 2018 and […]
Read MoreExclusive: US retail sales of CBD may increase 133% in 2019, surpass $10 billion by 2024
Retail sales of CBD in the United States are expected to surpass $1 billion in 2019 – a 133% increase over 2018 sales – and might eclipse $10 billion by 2024, according to projections from the newly released 2019 Hemp & CBD Industry Factbook. The recent surge of consumer demand for CBD, coupled with increasingly […]
Read MoreGallup poll finds younger Americans more confident in CBD health benefits
Data from Gallup shows that younger Americans are more confident in the health benefits of CBD – but the majority of people familiar with cannabinoids, regardless of age, believe it has at least some health benefits. A telephone poll conducted by Gallup in late May found that 78% of surveyed individuals across the United States […]
Read MoreSurvey finds 22% of consumers replace OTC, prescription drugs with CBD
Since passage of the 2018 Farm Bill, CBD has risen to the forefront of American consciousness as an alternative health and wellness supplement, and research finds that a growing number of consumers are using it to replace their prescription and over-the-counter drugs. A national January 2019 Consumer Reports survey of more than 4,000 CBD users […]
Read MoreChart: Brand plays critical role in CBD purchases
Even in the relatively new competitive market around CBD, consumers are turning to trusted companies and brands to acquire products with the cannabinoid. Nearly one-third of respondents to a survey from High Yield Insights said they purchase CBD products from a specific brand’s website – more than those who said they use a general online […]
Read MoreChart: Farmers and ranchers show interest in growing and using hemp
U.S. farmers and ranchers are interested in growing and using hemp. A recent Farm Journal survey of 950 farmers and ranchers across the United States found that although almost none of them currently grow any form of cannabis, about half would consider doing so – and many would consider using it. The survey sought to […]
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