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.
FDA Commissioner Dr Stephen Hahn, MD, in a speech on Wednesday, said that despite its continued concern about insufficient safety data, the FDA has no plans to try to shut down the CBD markets. Hahn said that would amount to a “fool’s game.”
Less than a month after launching its private label line offering customers custom ratios of CBD and other minor cannabinoids, Socati is targeting the hot beverage market with a line of CBD-infused coffee additive products.
Check out FoodNavigator-USA’s latest gallery of new products hitting US shelves, featuring probiotic cultured kefir smoothies, keto ice cream, and grain-free tortillas, and a flurry of plant-based launches in snacks, dairy alternatives, and dressings.
After an explosive start in late 2019 (it sold 200,000 cans in 36 hours on Black Friday via its website) LIFEAID has secured listings in 350 Vitamin Shoppe stores (in CBD-friendly states), Lucky’s Market in Colorado, and New Seasons for its new CBD-infused...
As the number of food accelerators and incubators has increased in recent years, the barrier for entry into the market has decreased – and while this makes launching a new product or company easier, it has made cutting through the competition and finding...
In a motion to dismiss a lawsuit* filed in California accusing it of selling ‘illegal’ CBD-infused products, PlusCBD Oil maker CV Sciences deploys multiple arguments: no one was harmed; plaintiffs lack standing to seek label changes; the case is pre-empted...
The FDA has promised to provide more clarity over CBD “in the coming weeks.” But how should brands navigate the regulatory minefield in the meantime, and what options does the agency have?
CBD is increasing average basket spend at natural products online retailer Thrive Market and attracting new shoppers to the membership-only platform, which says its private label hemp extracts have quickly become top sellers within the category.
With more and more products flooding the market, it's getting harder for CBD brands to achieve a competitive advantage, which is why Socati has created a one-stop shop where brands can select custom ratios of CBD, CBG, CBN, and other minor cannabinoids...
The Consumer Brands Association (formerly known as the Grocery Manufacturers Association) has launched an advisory board to provide “thought leadership and strategic oversight for the industry as it moves forward in seeking appropriate regulation of CBD.”
