Continued uncertainty over the regulatory status of hemp-derived CBD is a bigger roadblock for food and beverage brands than COVID-19 to market growth this year, say startups, but there are still opportunities to grow while they wait for the FDA to weigh...
A lawsuit alleging CBD American Shaman falsely advertised its wares as containing no heavy metals “raises more questions than it answers,” says one attorney. But it also highlights the challenges facing CBD firms looking to differentiate themselves from...
The state of Texas has proposed rules for consumable hemp products that specify processing, testing, labeling and registration requirements. While the rules are characterized as reasonable and well thought out, they represent another patch in a state-by-state...
As Americans spend more time at home and are paying acute attention to health and wellbeing, their demands are shifting towards products with specific functional benefits, options to recreate restaurant experiences at home, and an intensified desire for...
It’s a tough time to launch a new CBD food or beverage brand, with COVID-19 upending timetables, trade shows cancelled, and continued regulatory uncertainty as firms wait for clarity from the FDA. However, e-commerce presents growth opportunities, and...
“Three months ago, everyone was focused on the next wave of CBD users, people that haven’t tried CBD yet, but I really think it’s those heavy users, those core users, that are going to be driving this market over the next few months,” predicts the managing...
The food industry has moved remarkably quickly to adjust to a sudden and spectacular shift in food consumption towards the home as America goes into lockdown. But there could be significant challenges ahead if more countries block food exports, while...
While developing new products during a pandemic presents obvious challenges, food and beverage companies remain bullish about the potential for products featuring hemp-derived CBD, says Seattle-based SōRSE Technology, which supports brands looking to...
The US Food and Drug Administration has issued another warning letter on COVID-19 claims. This one was issued to a Nevada company marketing CBD products.
Consumers seem to be turning to hemp and cannabis products during the current crisis, which has buoyed the near term outlook for Curaleaf, one of the largest companies in the sector, which posted strong revenue growth in its recent annual report.
Regulatory uncertainty coupled with the fact that retailers are not focused on onboarding new brands right now make this a tough time for new CBD brands. However, e-commerce sales of hemp-derived CBD have spiked, while a new survey from Brightfield Group...
CBD firm Charlotte’s Web reported $94.6 million in revenue in its annual report and announced an acquisition that expands its distribution into topical products.
One of the pioneers of the space topped $53 million in annual revenue, but also recorded a loss as the founders cashed out. The firm also said regulatory uncertainty has increased competition as numerous small brands crowd into the field.
By Hank Schultz, Elaine Watson and Elizabeth Crawford
A report on CBD delivered by FDA Commissioner Dr Stephen Hahn, MD, was seen by food and dietary supplement industry stakeholders as offering little hope of a timely regulatory solution for the ingredient.
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