Charts

Hemp, CBD companies lining up university research to validate anecdotal evidence

A surge in academic research about hemp-derived cannabinoids is giving CBD companies new opportunities to find university partners to validate mountains of anecdotal evidence about cannabidiol’s health benefits. The research boom is enabled by hemp’s new legal status and funded by cannabis entrepreneurs who see an opportunity to bring a stamp of authority to an […]

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States setting their own CBD rules as federal action lags

Hoping to resolve the legal confusion surrounding the selling of CBD products, states are starting to leapfrog federal health regulators and give hemp entrepreneurs permission to put cannabis extracts in food, drinks and dietary supplements.

But the efforts aren’t reducing legal headaches for the hemp industry.

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Survey 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 […]

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Chart: 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 […]

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US hemp map: Regional strengths, weaknesses for the industry

As the hemp industry has grown, a variety of states also have developed in different ways. Here’s a look at how the industry has developed – and what hemp entrepreneurs can look forward to – in the different regions across the country. The Hemp Cradle For years, Colorado led the nation in industrial hemp production […]

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Despite strong sales outlook for CBD, a flood of uncertainty remains

Entrepreneurs say they’re carried away by the excitement of hemp’s potential. Hemp Industry Daily projects hemp-derived CBD retail sales will surge to as much as $7.5 billion by 2023, up from about $1 billion this year. Nevertheless, entrepreneurs are uncertain where the rush will take them or what the market is going to look like when […]

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Chart: 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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Chart: Fast-rising CBD still trying to make inroads with mainstream retailers

CBD’s meteoric rise in popularity has hemp growers finding all kinds of market opportunities that don’t exist for THC products, including yoga studios, pet boutiques, gyms and coffee shops – all foreign territory for marijuana-derived products. One Kentucky hemp producer even has CBD products being sold in tractor supply stores; a North Carolina CBD company has […]

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Chart: How the 2018 Farm Bill addresses top hemp industry challenges

Several major hurdles undermining hemp cultivators’ ability to run successful, profitable businesses are set to crumble once President Donald Trump signs the 2018 Farm Bill. Challenges such as finding processors or accessing banking services – problems attributable to the patchwork of state laws and regulations that have so far underpinned the industry – will be […]

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Chart: Opportunity in CBD-only stores limited, but strong growth expected for other channels

As state laws around cannabidiol continue to change, stand-alone CBD stores may become a relic. According to estimates from Hemp Industry Daily in the 2018 Hemp & CBD Industry Factbook, CBD sales in the U.S. are expected to exceed $1 billion by 2020. More than half (55%) of retail respondents to a survey for the Factbook described their stores are […]

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