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CBD prices are falling as companies seek new consumers. Is that a good thing?

Published August 7, 2020 | By Ivan Moreno

CBD products in the U.S. have gotten cheaper over the last year, driven by falling prices for hemp biomass, reduced production expenses, and plans to reach consumers with less disposable income as unemployment numbers soar amid COVID-19.

Chart: 2020 an ‘extinction event’ for thousands of CBD companies, but industry remains crowded

Published August 3, 2020 | By Kristen Nichols

Thousands of CBD companies in the United States will likely shutter in 2020 – but the CBD market will remain flooded with some 1,500 brands jostling for market share.

CBD companies see online sales spike as coronavirus shuts down retail shops

Published May 18, 2020 | By Ivan Moreno

When COVID-19 spread and forced store closures, California-based Papa & Barkley lost about half of the 400 small CBD retail shops where the company was selling its products. Then online sales exploded. “We’ve seen a pretty dramatic increase in our online transaction volume,” said Adam Grossman, CEO and founder of Papa & Barkley. In March […]

Thursday webinar: Data expert offers ‘COVID-19’s Consumer Insights’ and advice on CBD sales strategy

Published April 22, 2020

Consumers are buying more CBD in response to the coronavirus pandemic. How should your company adjust to meet demand?

Hemp Webcast: 20200423 COVID-19 Video Access

Published April 14, 2020

COVID-19’s Consumer Insights: How the New Normal Should Change Your Sales Strategy This webinar features Bethany Gomez, Managing Director at Brightfield Group. She examines how hemp consumers are reacting to the pandemic and what this means for your hemp or CBD business. Topics include: What to consider when shifting strategy Where are your products […]

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

Published July 22, 2019 | By Hemp Industry Daily staff

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 […]

No extraction required: Smokable hemp trend gives farmers new use for flower

Published November 19, 2018 | By Kristen Nichols

One of the fastest-growing hemp sectors bears a striking resemblance to the marijuana industry: dried and smokable hemp flowers. The growth of hemp pre-rolls and loose flower has roots in Europe, where cannabis enthusiasts have long embraced smoking low-THC cannabis, but its rise in the U.S. is catching longtime hemp industry watchers by surprise. Bethany […]

2018 Farm Bill: What to watch for – from 6 hemp industry insiders

Published September 4, 2018 | By Hemp Industry Daily staff

Hemp farmers nationwide are preparing for harvest, but they’re also keeping a close eye on Washington DC. Here are some reasons why: Congress is beginning final negotiations on the 2018 Farm Bill, which could either remove hemp from the Controlled Substances Act or revive a prohibition on growing it. It’s up to 56 lawmakers who […]

Rise of CBD raises concerns for marijuana executives

Published June 28, 2018 | By Bart Schaneman

CBD products are often marketed as having similar health benefits to medical marijuana without the psychoactive properties – essentially all of the medicine but none of the high. That growing mainstream appeal has some cannabis business owners concerned that CBD is a threat to the THC-reliant marijuana market.

Chart: U.S. hemp production soars in 2017

Published March 26, 2018 | By Eli McVey

Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]

Year in Review: Top 10 stories in the marijuana industry from 2017

Published December 28, 2017 | By Kristen Nichols, Bart Schaneman, Matt Lamers, Omar Sacirbey and John Schroyer

It was a lung-busting 2017 for the North American cannabis industry, with marijuana executives stateside holding their collective breath wondering whether the new Trump administration would crack down on legal MJ businesses.

Damian Marley marijuana company to add hemp-derived CBD line

Published October 25, 2017

The youngest son of late reggae star Bob Marley is the latest marijuana entrepreneur to launch a line of CBD products derived from hemp. Damian Marley’s marijuana company, California-based Stony Hill Corp., is selling CBD tinctures, gummies and topical creams under the name Stony Hill CBD, according to a news release. The products will be […]