CBD News & Updates

April 11, 2019

CBD Goes Mainstream - By Lisa L. Gill
Consumer Reports surveyed more than one thousand CBD users nationwide to find out whether it’s changing their lives - and how.

A mother uses CBD to treat her son’s seizures. A veteran hopes it will help her wean off opioids. A dietitian says it helps her sleep through the night. Even a pet owner uses it to calm his anxious Saint Bernard. These are just some of the estimated 64 million Americans who have tried CBD, or cannabidiol, in the past 24 months, according to a January 2019 nationally representative Consumer Reports survey of more than 4,000 Americans.

The survey found that more than a quarter of people in the U.S. say they’ve tried CBD - a compound in marijuana and hemp that doesn’t get you “high” - for a slew of mental and physical reasons. One out of 7 of those people said they use it every day.

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March 26, 2019

CBD European Union Market Expecting Explosive Growth - By EJ Dickson
Europe could be the largest cannabis market in the world!

Between 2013-2016 some 79,500 tons of hemp were produced across Europe. In 2016, European countries produced hemp on more than 80,000 acres, equating to an estimated value of €50 million.

The EU has an active hemp market, with production in most member nations. Production is centered in France, the Netherlands, Lithuania, and Romania. Many EU countries lifted their bans on hemp production in the 1990s and, until recently, also subsidized the production of “flax and hemp” under the EU’s Common Agricultural Policy. Most EU production is of hurds, seeds, fibers, and pharmaceuticals. Europe, particularly France and Finland, have a long history using hemp for fibres, construction material and textiles, though in the last 25 years this sector has come into bloom, increasing production by upwards of 500% (that’s 250% in 8 years).

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March 19, 2019

CBD Farm Bill passed in US Senate

The CBD Industry Will Explode Over The Next 10 Years

The passing of the 2018 Farm Bill lifts all restrictions on industrial hemp cultivation on a Federal level, allowing for the full return of this important American crop. Further, by redefining hemp to include its “extracts, cannabinoids and derivatives,” Congress has made it clear that hemp-derived products, such as CBD, are not considered controlled substances.
 
Great For Farmers
 
Hemp requires little to no use of toxic pesticides or herbicides, making it a clean and safe crop to grow. It also grows well in a variety of climates and gives nutrients back to the soil in which it’s grown.Passage of the 2018 Farm Bill means that hemp farmers may now finally access needed crop insurance and fully participate in USDA programs for certification and competitive grants. This is a huge win for farmers.
 
Great For Retailers
 
Products like CBD, hemp seed oil and hemp protein are hot. The hemp industry has surpassed $2B in consumer sales ($820M in 2017 alone). Independent health food stores, in particular, have benefited from this growth.
 
Great For Consumers
 
Industrial hemp is being used in hundreds of different applications including consumer textiles, personal care, industrial components and health supplements like CBD. US hemp employment has surged to 185,000 full-time employees. By 2020, it’s expected to grow to over a quarter of a million jobs, outpacing manufacturing in many states. Hemp-derived products are used by a wide range of consumers, from athletes to pet owners to aging seniors.