Competing concerns in the CBD market – deep diveCompeting concerns in the CBD market – deep dive
CBD oil and related products are flooding the market. In 2018, hemp-based CBD U.S. sales totaled $390 million, but the CBD market size has been estimated to reach anywhere from $1.5 billion to $22 billion by 2022. Although the 2018 Farm Bill removed hemp from the Controlled Substances Act (CSA) and treated the crop as an agricultural commodity subject to USDA’s oversight, FDA has yet to establish a legal pathway to use CBD in food and dietary supplements.
July 19, 2019
Sponsored by Rad Extracts
Takeaways for your business
• The Stanley Brothers’ Charlotte’s Web brand helped spark a U.S. market for hemp-derived CBD.
• CBD has potential in categories such as nutraceuticals, topicals, beverages, food, beauty and vapor.
• Adulteration, misbranding, testing, safety and quality control (QC) are major CBD industry concerns.
Don’t miss your opportunity to learn more! Register to attend these educational sessions at SupplySide West:
You May Also Like
The rise of ashwagandha: A case study in a growing and evolving category – articleNov 28, 2023
Ashwagandha: Roots for wellness, leaves for soil – articleNov 28, 2023
Unleash the power of ‘combos’ supplements to meet consumer demand – infographicNov 22, 2023
Biotics battle – digital magazineNov 28, 2023