CBD Archives - Green Market Report

Sean HockingSean HockingAugust 14, 2019
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8min1981
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PUBLISHER:  CANNABIS LAW REPORT

If you’re asking yourself who’s buying CBD products, just take a stroll to your local grocery store and mosey over to the vitamins and supplements section. Prepare to be overwhelmed by the thousands of nutraceutical “wellness” products filling the shelves – everything from melatonin chocolates for sleep-aid to echinacea for immune support – and yes, very recently products containing the compound that’s outshined Beyonce in popularity, CBD. Each year, shoppers spend billions on these items. Now that CBD has a place on these shelves, and it’s looking like it’s going to stay that way given that the leading trade association for nutraceutical products, AHPA, is hosting a CBD-tailored event in Denver later this month.

Regarding unregulated wellness products and the Food and Drug Administration, there’s been a long-standing issue concerning claims being made, a reality the cannabinoid-infused industry must reckon with. We’ve seen some of the largest hemp market companies be warned by the FDA, Charlotte’s Web Botanicals in 2017 and in recent weeks Curaleaf. It’s a clear message and one every supplement and vitamin product at Whole Foods, Natural Grocers, Kroger or elsewhere has to abide by: you can’t claim these products are “intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease and/or intended to affect the structure or any function of the body.”

With an industry less than five years old, shoppers must confront that poor-quality, misrepresented CBD products are out there. It’s no surprise that in an industry that could hit $20 billion by 2024, bandwagon jumpers will try to make a quick buck.

With that in mind, where you shop for CBD makes a big difference. You don’t expect to find the same products at 7/11 and Whole Foods. If you’re the kind of shopper who loves to do research on your own, by all means, navigate the market unaccompanied. For those of us who don’t have the time (or the interest) to dive into the weeds alone, there are emerging retailers taking the snake oil out of the equation.

Take ehemp.com, a forthcoming marketplace for hemp-based products. They sought guidance from the leading cannabusiness law firm, Hoban Law Group, in establishing a rigorous vetting process to ensure CBD-containing products sold on the site abide by existing federal guidelines for natural products. President of ehemp, Jessica Lesesky, stresses the point, “We want to be a legitimizing force. That’s why we make a commitment to our shoppers that what’s on the label is actually inside the bottle.”

Despite the challenges, she’s highly optimistic: “From what I’ve seen, this is a like-minded community of businesses,” she says, “The majority are focused on people over profit. I’ve heard all the pitches in retail and e-commerce. What struck me was how different the conversations were when I entered the hemp space. These companies are purpose-driven and the discussion always starts with the ‘Why.’ Whether they have a touching personal story or they genuinely find joy in helping people, there’s a mentality of ‘a rising-tide-lifts-all-boats’ and a collective goal to protect consumers from bad actors.”

So who’s buying CBD and why?

Founder of 101CBD.org, Justin Benton, says this of the majority of his CBD customers, “These are members of the baby boomer generation and retirees who have tried many products – regulated medications and wellness alternatives – but found little to no relief. If there’s something out there that can help them, they deserve access. We follow up with our customers on how our Raw CBD product treated their body and the responses we get indicate we’re on the right path. We’re flooded with feedback from our repeat customers that we’re providing something that works for them. To us, that’s what this is all about. Our clients are realizing that they don’t have to live like this anymore.”

CBD customers are you, your neighbors, your friends, your family – everyone dealing with mounting health challenges and physical and emotional stressors. Give informed consumers a choice and they’ll start to exercise it. At the end of the day, hemp has been hanging out on Mother Earth for thousands of years. Some of us are simply choosing to heal.

 

Halston Puchek, Hoban Law Group

This article has been prepared for informational and general guidance purposes only; it does not constitute legal or professional advice. You should not act upon the information contained herein without obtaining specific professional advice. No representation or warranty (express or implied) is made to the accuracy or completeness of the information contained in this publication. Hoban Law Group, its members, employees, and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based thereupon.

 


Sean HockingSean HockingAugust 12, 2019
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9min3021
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AUTHOR: Brian Cusack
PUBLISHER:  CANNABIS LAW REPORT

It was announced on January 2019 that the European Food Safety Association, EFSA is about to make a decision in order to classify CBD oil and other CBD products as a novel food. This decision was announced at the Novel Food Commission meeting which was held in Brussels in 2016. This led to a final imminent decision very soon and EFSA considered CBD products as Novel Food.

In recent times, there has been tremendous growth in food products available in the market which eventually included Cannabidiol. And, according to reports, it is clear that the European CBD Market is going to encounter a boom in the near future. Eventually, the regulators started taking a closer look at the CBD products and oil available in the European market.

In this article, we are gonna summarise the current regulations by the Novel Food Authorization and their effect on the CBD industry. We will also be gaining some information about the steady changing environment of CBD market in Europe.

 

What actually is “Novel Food”

Novel foods are basically those foods which were not widely consumed before May 1997 in the European Union. In other words, we can say that Novel foods are those foods which don’t have a proper and significant history of consumption.

Basically, Novel foods are often new consumable foods in the market like phytostanols in the cholesterol reducing spreads. Sometimes, Novel foods may include traditional foods consumed in only a few parts of the world outside the EU, and foods prepared using new technological processes like the bread produced using ultraviolet light in order to increase the amount of vitamin D in it.

According to the European Union, there are a few principles which make a food, “novel food”. And the principles are:

Should be 100% safe for the consumers

Should not have a bad influence to the consumers

If replaced with another food, it should be nutritionally disadvantageous to the consumer.

Changes Which Are Affecting CBD Oil and products

After the recent update in the EU novel food catalog, there are major effects on some cannabidiol products as well as CBD oil. This is because the CBD industry was unable to show a proper consumption of its products in the history of the EU.

And with respect to the Novel Food Regulations, food and products which don’t have a significant history of consumption in the EU before may 1997, need to be examined and authorized before they are dispatched to the market for sale.

The Food Standard Agency (FSA) has accepted the clarification of the European Union about the fact that CBD products are considered as a novel food. It is the consumer’s responsibility to have proper knowledge if the Novel food regulations apply to the product they are consuming or making use of. There is a bunch of list of novel foods which lets anyone check whether a food is novel or not. You can go through the EU novel food catalog, German Novel food list, Italian list of permissible food supplements to know more about novel foods.

How the regulations have an impact on CBD products

It all started way back in 2015, when the first CBD product, a vaping device named Kanavape, became very popular in the United Kingdom and became easily available on the Internet. The actual issue emerged a year later. The Medicine and Healthcare Products Regulatory Agency (MHRA) announced that CBD products should be needed to license if they are advertised for medical purposes like for relieving chronic pain and other spasms.

As an impact to this announcement, the CBD markets shifted their marketing from medical products to “food supplement“. This went well for the next few years and CBD products were available as CBD food supplement at major medical shops and normal retailers.

However, in January 2019, the selling of CBD products as food supplement hit a whole new and different set of regulations. The United Kingdom’s Food Standard Agency (FSA) in a series of tweets stated about the change in the Novel Food Regulations. The FSA, the government body which ensures the safety of food products, mentioned in their announcement that the changes in the regulations will surely impact the CBD industry.

In the announcement, the FSA stated that the food businesses around us were not able to show a significant consumption of CBD food supplements in the European Union before May 1997. And as per the Novel food regulations, all those food supplements which do not have a significant history of consumption in the EU needs to be examined and evaluated before they are permitted to sell in the market.

 

Evidence of Hemp use before 1997

Actually, the team working on the Novel Food Catalogue derived that CBD is basically the extract of Cannabis Sativa. And the same truly doesn’t have any proper consumption history before 1997. Thus, they included CBD products in the list of novel foods. However, the European Industrial Hemp Association (EIHA) presented that hemp and its extracts were into significant consumption from 1200, which is clearly before 1997, thus ruling out the novel food status from CBD food supplements.

Later, the EIHA is asked by the EU to put light on the novel food status of hemp extracts and clearly said that hemp was used back from a long time and they request the European Commission to recognize it as traditional food.

In any event, a spokesperson from a recognized CBD oil manufacturer said that the evidence is clearly legitimate and demonstrate that hemp plant was used in Europe prior to 1997 and there should be no doubt on the novel status.

 

The World Health Organisations Reclassification of CBD

Even The World Health Organization (WHO) experts have proved CBD safe on drug dependence in their recent critical review. The committee stated that there are no case reports of abuse and dependence related to the use of CBD. They also made it very clear that no public health problems are associated with the use of CBD.

 


Anne-Marie FischerAnne-Marie FischerJuly 31, 2019
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8min31420

According to Brightfield Group, the CBD market in the U.S. has grown over 700% in 2019.

The CBD industry is becoming much more saturated than it was before the passing of the U.S. Farm Bill late last year, with new products entering the market, threatening to take a slice of the CBD pie that the early producers of CBD have enjoyed until this time.

Nevertheless, the top 20 CBD companies still hold a majority of the even bigger pie that is CBD in the cannabis industry. 

Brightfield Group listed the Top 5 CBD Companies that the research group says “continue to make a name for themselves” within the growing CBD market. Here’s what we know about these various companies:

 

  • CW Hemp (Charlotte’s Web)

 

Earlier this summer, Charlotte’s Web Holdings (TSX:CWEB)(OTCQX:CWBHF) announced that their total acres of hemp planted for the 2019 growing season had increased 187% due to interest and demand for the products. Prior to that, the company reported its earnings for the first quarter with revenue growing 66% to $21.7 million. 

“Interest and demand for our products has been exceptional and growing rapidly. Our 2019 planting strategy ensures we will have the required raw materials to deliver on production targets for Charlotte’s Web products through 2020 and into 2021,” stated Deanie Elsner, CEO of Charlotte’s Web. “Our leading CBD hemp varieties under cultivation today are the foundation of our 2020 production plan.”

Brightfield Group remarked of the company: “By deeply understanding who they are as a brand and identifying the consumers that resonate with their messaging, they have built the foundation for potentially life-long customers and advocates.”

  1. PlusCBD Oil (CV Sciences)

PlusCBD Oil by CV Sciences (OTCMKTS: CVSI) has found success largely due to their low-dose capsule and softgel formats that Brightfield Group referred to as “a safe bet for more conservative users”. Green Market Report has been watching the steady increase in CV Science’s company value following last year’s impressive sales jump of 203% in the second quarter. 

The company is expected to announce its second-quarter results for 2019 on August 6. 

        3. Green Roads World

Green Roads offers unique, high-dose products, and have built their success on effective social strategies. With a growing employee base of over 100 the company had an estimated value of $45 million in 2018, according to co-founder Arby Boroso. 

The company sells CBD-infused products such as tinctures and balms, online and in 6,000 stores and 2,000 doctors’ offices across the country. Brightfield attributes their “values-based marketing” to their success and prominence in the CBD industry. 

  1. Medterra

Medterra’s growth is largely due to its effective SEO strategy and marketing. With a site that is full of engaging content that manages to get past the limitations of search engines, Medterra gets itself in front of the eyes of consumers.

The company recently announced a foray into the sports, fitness and golf communities, by partnering with Worldwide Golf Shops, the parent company to Edwin Watts, Roger Dunn, and some of the most well-known and established golf retail stores in the United States. 

  1. Irwin Naturals

Irwin Naturals turned heads when Klee Irwin, the founder of the company announced the company would be giving away $1M worth of CBD products to honor the passing of the Farm Bill. 

The company is concerned with making the cost of CBD products affordable, saying “Our mission is to spread health to the world through plant medicine. Our nation is on the edge. And I am worried about the future of our children. If we can make CBD affordable and accessible to the masses, it just might help our country avoid a meltdown.”

Groups of Competitors in the CBD Market

Brightfield Group laid out the different types of companies and brands that are continuing to lead the pack when it comes to innovative marketing, advanced products, and ways to stick out in the market. These companies are those who are:

  • CBD-only companies that have established brand loyalty, improved marketing strategies, and grow larger and more diverse customer bases
  • Cannabis companies including multi-state operators that leverage networks and infrastructure to build brand recognition and raise capital to expand CBD lines
  • Supplement brands existing in the natural food store and retail chain space
  • Disruptor brands that were little-known prior to this year and have risen up in the ranks as they’ve been picked up by large retail chains

As it is only still summer, it remains anyone’s game as to who will end up at the finish line in the CBD brand race by the end of the year.  


StaffStaffJuly 29, 2019
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14min14160

Guest submission from Ivan Green.

Hundreds of people have been benefited from using Cannabidiol (CBD) – a substance scientifically proven to be safe for human consumption – even for children! 

It not only has a wide range of therapeutic benefits but also has been useful for treating numerous serious ailments and disorders. 

However, not all products touted as “natural CBD oil” are actually as natural they claim to be. 

Natural CBD is admittedly safe. But they don’t include products that are made from synthetic lab-produced cannabinoids or contain contaminants, high levels of hallucinatory cannabinoids like Tetrahydrocannabinol (THC) or other harmful substances. 

Using such products will do more damage to you than simply making you fail a drug test. You can end up falling horribly sick or even dead! 

With the growing popularity of CBD products, some unscrupulous cannabis growers and CBD oil manufacturers are taking advantage of loopholes in the existing regulations and the vulnerabilities of the common man in this country to push their business forward with cheap, artificial and untested products in the name of CBD oil. 

Cheap Synthetic CBD 

From a once non-existent market category to a $1 billion industry, the hemp-derived CBD has become a booming industry today. 

But, it was disheartening to hear of 50 people falling severely ill after using CBD oil in Utah last year. It is worse when we find out that the oil that those people unwittingly smoked up thinking it was genuine CBD vape oil did not even contain any natural cannabinoid, but contained some lab-produced synthetic cannabinoids

The reason why people fall for these products are usually because of three reasons: 

  1. Their low price, 
  2. Tall promises of curing all health conditions, and 
  3. Claims of not being detected on a drug test. 

The unfortunate thing is these people were plain and simple duped! The company lied to its customers, and as a result, harmed them in ways that their unwary consumers were not prepared for. 

These dangerous designer drugs had prompted the US Centers for Disease Control and Prevention (CDC) to issue a nationwide health warning about these man-made synthetic cannabinoids. 

This is precisely why most reputed brands who sell genuine products are obligated to present their proof of their genuineness to their customers. They post the results of their products tested by third-party laboratories, also known as a Certificate of Analysis, which tests not only for synthetic components, but also other contaminants like heavy metals and pesticides and heavy metals as well as natural cannabinoids that possess hallucinatory effects, like THC (tetrahydrocannabinol, a natural cannabinoid found in cannabis plants).

Spice 

Known by different names – K2, Spice, Mr. Happy, Scooby Snax, and Kronic – is nothing but a group of lab-made synthetic cannabinoids that have been associated with a lot of people falling sick.

Originally designed by scientists for research, this drug is made from dried plant materials, sprayed with hallucinogenic chemicals. 

However, with the production method of this drug being published in scientific journals as part of their research, this knowledge also fell into the hands of some unscrupulous, over-ambitious drug makers, who used it to produce illicit drugs.

Once it hit the market, it came out as a new form of marijuana and people started rolling up the plant material into “joints” and smoking them like marijuana. 

This synthetic marijuana or fake weed is also sold in a liquid form that can be inhaled through a vape pen or mixed in tea to consume. 

Although these are man-made cannabinoids, it has the same effect on the human brain (especially the endocannabinoid system) as THC, but with far more intensity (even up to 100 times more intense). 

With no way to regulate them, there is no saying which hallucinogens are being used by the manufacturers to make their products.

The “Free” Scam 

Nothing in the CBD world is free. It simply can’t be. Manufacturing a bottle of genuine, natural CBD oil is expensive. If anybody tells you otherwise, be sure you are being tricked. 

While searching for CBD oil online, if you come across phrases like: 

  • Best Price, Limited Offer
  • Limited-Time Special Offer 
  • Special Discount For Only Today

Then be alert. Look up the brand and find out if their products are genuine. 

And if you see:

  • CBD oil free trial 
  • Or, they tell you to submit your credit card to free stuff 

DON’T BUY, REPORT. 

Some “free sample” offers are nothing more than hidden subscription ploy to force you to give away your credit/debit card details, which they will use to forcefully sell you low-quality products. You may even find it difficult to cancel the alleged subscription. You may have to call up your bank or credit card company to cancel their card to stop payments. 

Some other scammers will charge you more for what they are selling by simply calling it shipping and processing fee (while they send you a low-quality product). 

Quite a few reputed CBD brands offer quality products at a fair price. Do due diligence while looking for a CBD product and research on their makers. Find out everything you can about a company and the brand before you blindly fall for such “Free, Free, Free” lure. 

Pushing Hemp Seed Oil Instead of Hemp CBD 

Another reason for the confusion among users and abuse of the market is ignorance. Not only do you need to be wary about “fake CBD” and “free samples”, but you should also learn everything there is to know about how CBD is sourced and manufactured. 

If you have, you would know that hemp seed oil is not CBD oil derived from hemp. 

So, when you research on any brand, look for its ingredients on the label or their website. 

If it is Hempseed Oil, it will be listed as Cannabis Sativa Seed Oil.

If it is genuine CBD oil, you may see Cannabidiol, full-spectrum hemp, hemp oil, PCR (phytocannabinoid-rich) or PCR hemp extracts written on the label.

Also, look at their CoA for their products on their product webpages. 

Yes, they are lab tests, but not difficult for a layman to read and understand. It is meant for you, so it’s really quite simple. 

Hemp seed oil: Although a good carrier oil for CBD, it is not the same as CBD oil. So what is it? 

For that, you need to know where CBD oil is sourced. The best quality and most potent CBD oils are produced from hemp flowers. While the rest of the plant – like its leaves and shoots – may be used too. But, they have far less CBD content. 

The smaller seeds, in particular, have the least amount of it – traces at the best. Hemp seeds can be used to make hempseed milk or granola. They can also be cold-pressed to produce oil. But this oil is only good for cooking, making beauty products, or making paint. 

While hemp seed oil does have some benefits, like mild anti-inflammatory effects and skin moisturizer, it does not have sufficient levels of CBD to be called “CBD oil”. 

This means you would end up paying much for the product that it deserves. Intentionally or unintentionally, some companies try to push a cheaper product like hemp seed oil. 

Tricking Consumers with Products with low CBD content

Apart from hemp seed oil, there are other CBD products that don’t contain enough CBD to have any perceivable health benefits. 

Always look for the CBD content in mg on the label. This is the concentration of the CBD contained in the product. The total volume of the liquid does not guarantee CBD content. 

For instance, a 3 oz. bottle of tincture, priced at $50 and containing only 100 mg of CBD, may seem like a good deal. But, it is actually not. It is costing you $0.50/mg. A 1 oz. bottle, priced at $132 and containing 3000mg of CBD, is, in fact, a better deal ($0.04/mg). 

Making Sure You Get Quality Product 

By now, you must have understood that buying CBD oil isn’t as easy as you may have thought – click-click-click. 

You need to do a lot of research…

  • Research on how CBD oil is sourced, extracted, processed, purified, and the end product manufactured. 
  • Research on the companies and brands selling the products
  • Studying the CoAs, if they are provided by the companies. If they are not provided, they are obligated to provide one on request. 
  • Understanding the current market situation and the presence of synthetic cannabinoids, scammers, and cheap variants with tall claims.
  • The actual health benefits of CBD, so you don’t get lured by brands that make outrageous claims like curing cancer! 

Always make sure you get a high-quality CBD product when you place your order. Never let promotions, discounts or unrealistic claims fool you. 

When it comes to buying CBD, there is no bliss in ignorance, only suffering!


Anne-Marie FischerAnne-Marie FischerJuly 12, 2019
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5min13960

According to a recent Headset market report, “Understanding the CBD market in state-legal cannabis”, CBD could potentially take up the majority of sales among non-inhalable products in legal cannabis states. If current trends continue, CBD products could even potentially become the majority of sales among the cannabis industry at large.

The data giant revealed insights into the shift in popularity and sales for CBD products, noting the passage of the U.S. Farm Bill as an important catalyst for allowing more people to access cannabis products. The report is quick to note that despite going into the mainstream, hemp-derived CBD products (now purchased at places like CVS Health Corporation (NYSE: CVS) and Walgreens) and cannabis-derived CBD products (traditionally purchased at dispensaries) are to be considered two different things.

Here are some important highlights of the Headset market report that Green Market Report finds of interest:

Google Searches for CBD

The Headset report reaches back to 2015, citing data from Google searches for CBD. At the start of that year, Google searches for CBD were nil. Google searches for CBD were at an all-time spike in May of 2019, representing a 100% increase of when CBD first hit the Google searches later in 2015.

A Non-Smoking Experience

While the cannabis industry is characterized by smoking and inhaling cannabis products like traditional cannabis buds or flower and concentrates, the CBD trends are showing that one-third of CBD sales are going to non-inhalable products. Customers are demonstrating a preference for edibles, topicals, tinctures, and sublinguals. Headset suggests that “the CBD market is expanding on top of the existing market for high-THC, psychoactive inhalable products, rather than inside it.”

The report also states that there is a “new and distinct customer base” that is more health-conscious, preferring to stay away from pre-roll and vapor pen products. 

CBD Product Categories

Within the non-inhalable CBD products category, Headset compiled data from Washington and Colorado and saw that there are 5 emerging product categories: Beverages, Capsules, Edibles, Topicals, and Tinctures & Sublinguals. 

CBD products have experienced a surge in growth in the past 12 months in comparison to tradition, THC-based products. 

CBD Edibles have always had the highest market share and retains this position, with customers gravitating to high CBD products. CBD Edibles experienced a 43.9% growth this year, compared to 24.8% growth for non-CBD edible products. Almost 50% of dollars spent on all edibles in 2019 were spent on CBD Gummies. Within the edible product category, honey, sugar, and sweeteners, CBD products made up almost 1/3 of the proportion of overall sales. 

Capsules are not showing much growth in the overall product categories. Headset speculates that this is because capsules are “usually associated with medical conditions” and that CBD is used as therapy rather than a full-on medication.

Tinctures and Topicals & Sublinguals are the dark horse of the CBD market, once having just a tiny sliver, and now taking a giant slice, growing nearly 60% in sales in the past 12 months in comparison to high-THC infused products’ 10% increase.

Headset suggests that “if your company is producing Gummies, but not CBD Gummies, you may want to adjust course”.

Opening Wallets for CBD

Average item price (AIP) and the number of products people are adding to their basket in the CBD category (basket penetration) are rising concurrently.

Since 2015, CBD went from only 3% of baskets to 7% in 2019. Average item price also is rising with the interest in CBD, indicating that “consumers aren’t only more interested in CBD, but also more willing to spend money on it”. 

 


William SumnerWilliam SumnerJune 4, 2019
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4min7430

Last week, the U.S. Food and Drug Administration (FDA) held its first public hearing on regulating cannabidiol (CBD). Over the last several years, CBD has been growing in popularity as a health and wellness product. That popularity has only been amplified by the passage of the 2018 Farm Bill, which removed hemp and hemp-derived products (CBD included) from the federal government’s list of controlled substances.

At stake in these hearings is a potentially billion-dollar market. According to Brightfield Group, the CBD market could grow to as high as $22 billion by 2022. How the FDA decides to regulate the substance will play a significant role in how high that figure grows. Currently, there are several competing ideas about how CBD should be regulated.

Some individuals want CBD to be treated as a pharmaceutical ingredient, which means that any product containing CBD would have to go through the lengthy and arduous FDA approval process. Others would rather see CBD classified as a nutritional supplement, which carries fewer regulatory requirements before hitting the market.

Many operators in both the hemp and cannabis industry would rather see the FDA create separate categories for CBD products, depending on their intended use. Products meant to treat, diagnose or cure an illness, like GW Pharmaceuticals’ epilepsy drug Epidiolex, would be treated as a pharmaceutical while food products or extracts containing CBD would be classified as a nutritional supplement.

During the hearing, FDA officials were looking for answers to three primary issue: how safe is CBD; what kind of rules should be in place to ensure product safety, quality, and consistency; and what sort of labeling requirements should govern CBD products? Listening to testimony from over 120 industry stakeholders, advocates, and medical professionals; officials heard varying responses.

While cannabis and hemp industry advocates argued for different classifications for different types of CBD products, individuals representing large biopharmaceutical companies argued tighter controls. One woman representing GW Pharmaceuticals argued that the FDA approval process was the only way to know for sure what the health effects of CBD are, arguing that her company did not know that CBD may negatively affect the liver until they conducted clinical trials.

It is also important to note that GW Pharmaceuticals is the only company with an FDA-approved CBD-based drug on the market at the moment.

While it appears that the FDA is committed to hashing out the details of how to regulate CBD, it is unlikely that the issue will be resolved soon. In a message on social media, acting FDA CIO and Principal Deputy, Dr. Amy Abernathy, emphasized that critical issues needed to be addressed before regulatory action is taken.

“Given the rapid expansion of the market, timely clarification of the path forward is critical,” Abernathy wrote, “but it’s our responsibility to ensure that the regulatory path is scientifically sound and in the interest of public health.”

An FDA appointed working group, chaired by Abernathy, is currently exploring potential regulatory pathways for CBD. Interested parties and industry stakeholders are also encouraged to provide written commentary, which can be submitted online. The deadline for written comments is July 2, 2019.


StaffStaffMay 28, 2019
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4min4450

Charlotte’s Web Holdings, Inc. (CSE:CWEB) (OTCQX:CWBHF) reported financial results for the first quarter ended March 31, 2019 with revenue growing 66% to $21.7 million. The net income dropped to $2.3 million from last year’s $3.1 million. The company delivered earnings per share that fell to $0.03 and diluted EPS of $0.02 versus last year’s $0.04. 

Operating expenses doubled from last year’s $6.4 million to this year’s $13.2 million.

Just a couple of weeks ago the company named Deanie Elsner as the new Chief Executive Officer. Elsner is from Kellogg’s where she was President of the $3B dollar U.S. Snacks division – the largest business unit in the Kellogg Global portfolio and prior to that served more than 20 years in various leadership roles at the Kraft Foods Company including Chief Marketing Officer.

“Charlotte’s Web has established itself as the market leader in sales, and more importantly as a trusted brand with an impeccable reputation,” said Ms. Elsner. “As someone with an extensive career in the CPG industry-leading global brands, I see a tremendous opportunity to further influence, shape and grow the CBD category while turning Charlotte’s Web into a household product name that consumers can rely on around the world. My priority is to raise the Company’s level of operational effectiveness and accelerate growth opportunities acting with urgency and decisiveness.”

Looking Ahead

Following the end of the quarter, shipments began to a fourth national retailer and the company has over 6,000 retail locations now receiving shipments of its leading hemp CBD products. The company said that more than 2,300 new retail doors were added since the start of the year – more than all of 2018 – significantly expanding the company’s physical brick and mortar retail reach.

As of May 28, 2019, Charlotte’s Web reported that it is shipping product to four national retailer locations covering 18 states combined. The company said it expects additional states and stores to be added by these retailers throughout 2019. A major grocery retailer is also carrying all categories of Charlotte’s Web product portfolio including oils, capsules and topicals, while the remaining national retailers have begun their Charlotte’s Web product introduction with topical products only.

“We are forecasting revenue to grow at a faster pace than operating expenses, particularly in the back half of the year,” stated Rich Mohr, Chief Financial Officer of Charlotte’s Web. “This supports our adjusted EBITDA guidance in the 30%-35% range on an annualized basis, in line with our historical norms. Our sales volumes continue to increase on a quarterly basis and we’re expecting continued top-line growth during the second quarter and during the last half of the year. We reiterate our revenue guidance for 2019 of between $120 million and $170 million.”

 

 


StaffStaffMay 20, 2019
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8min12271

Guest contribution from Ramya Rams

If you are looking to buy CBD (cannabidiol) oils, it is extremely important that you dig deep to find the latest and accurate information about high-quality CBD oils. This is because CBD oils now are an industry in themselves and there are always bad apples who look to profit off of customers by scamming or misleading them into buying inferior products.

The worst part is that it is not always easy for interested CBD oil buyers to find out which CBD products and brands are supported by trustworthy claims. New merchants and brands are flooding the market with the growth in popularity of CBD oil. It is no surprise that each one of them claims to be dealing in the best cbd oils and of the highest quality. However, along with the cbd industry, online selling became very popular in short time. The good thing is that you can blindly trust authority cbd oils review websites and choose your best cbd oil from the list.

How To Identify High-Quality CBD Oils?

 

CBD Oil is an extract taken from cannabis plants. It is important to note here that CBD, though present in marijuana too, is primarily extracted from agricultural hemp for medicinal purposes. It is for the simple reason that these cannabis varieties contain minimum Tetrahydrocannabinol (the substance that makes people feel high. This is one point that makes CBD less controversial and more versatile for people.

How is CBD Oil Manufactured?

Unfortunately, there are not many regulations that control the manufacturing process of CBD oils. In other words, different CBD brands make use of different extraction methods for processing CBD oil from hemp.

Some companies that sell their products at ridiculously low prices often use cheap methods to extract CBD oil. Their processes might involve toxic solvents (such as pentane, butane, propane, and hexane) that are harmful to health.

On the other hand, good companies make use of organic and pharmaceutical-grade ethanol (essentially grain alcohol) for processing CBD. This is done to remove unwanted residues and toxins from the base hemp plant. This method is considered to be the safest method of extracting CBD for human consumption as it yields the highest amount of cannabinoids when compared to other refinement processes.

CBD oil can also be extracted and manufactured through the supercritical CO2 extraction method. Under this method, carbon dioxide is used in extremely cold and high-pressure conditions to ensure that Cannabidiol oil maintains its purity throughout the process.

Place Where Hemp Is Grown

The source of CBD matters big time! Remember, hemp plants easily absorbs everything that is present in the ground where it was farmed and cultivated. A hemp plant that grew in rich soil will be of high quality, and the CBD extracted from it will be high-quality as well.

Similarly, a hemp plant that is grown in a land that is heavy with metals like lead and mercury is best avoided, as the CBD extracted from it will be unsafe for regular consumption.

You can find information about the land (on which the hemp plants are grown) on the manufacturer/retailer’s website or in their support center. If you are buying CBD oil in the United States, you can be assured of quality as farmers in the country are required to become certified by the State Departments of Agriculture before their product is sold.

Amount of THC Present In CBD Oil

Tetrahydrocannabinol (THC) is one of the primary cannabinoids present in both agricultural hemp and marijuana. The original amount of THC (although low in quantity) should not exceed more than 0.3 percent. For this, you should always ask for laboratory results or check the labels before making a purchase.

Check for a “Full Spectrum” or “Whole-Plant” Label

One of the most impressive characteristics of good CBD oil is that it is manufactured by making use of a whole plant. Although cannabidiol isolates are becoming popular these days, they are cheaper compared to whole plant extracts. The use of whole plants ensures that the CBD oil includes not just Cannabidiols but also the full range of hemp plant’s primary and secondary constituents (such as flavonoids, terpenes, and other cannabinoids) that work synergistically with cannabidiol.

Check for third-party lab results

A large majority of authentic and legitimate CBD oil brands will be ready to share third-party lab results with customers. These results ensure that the CBD oil is everything that it claims to be with low THC levels, high CBD levels and free of impurities.

Conclusion

The market of CBD Oils is growing at a steady pace with every passing day and it is here to stay and prosper in the times to come.

While most CBD oil brands deliver high-quality CBD oils, the same cannot be said for all brands. The full legalization of hemp will surely improve CBD enforcement and regulations in the near future but until this really happens, consumers must be extra cautious about what CBD oil brands to trust. Remember, you can make the right CBD oil purchases with a little knowledge at your side. The more, the better the purchase!


StaffStaffApril 19, 2019
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10min9163

In case you haven’t heard, CBD is on the rise. Cannabis-based products like CBD oil are quickly becoming both viable medical alternatives and pleasurable indulgences for people around the world, in markets that are starting to truly take off. It’s a time of great innovation and fast growth for the extract-inclined, even despite legal setbacks and gray areas in certain markets and countries that have yet to be resolved. People believe CBD can truly improve their lives, so it’s unlikely that the product’s massive market expansion will stop anytime soon.

There’s just one issue, though: the same market growth that attracts investors and companies can be confusing and illegible to the average consumer, especially if they’re not familiar with the wide landscape of available CBD products beforehand. Sure, the market has lots of choices, and constant competition will only push companies to improve and iterate upon their products until they can capture the hearts, minds and market share of a consistent customer base. But that understandably could confuse many who just want to know which CBD products will get them the most bang for their buck, where they should buy them, and why. Where should one find best quality cannabis seeds? Is a CBD oil product that’s good for anxiety also good for migraines or PTSD? Even simple questions like this could confuse newcomers.

That’s why we’ve put together this list of five must-have CBD products currently on the market today! In Ontario, weed online can be found. These products will get you well on your way to find it! If you’re a total beginner to the CBD space, then all five will provide a solid starting point for you to build a knowledge of what works for you and what doesn’t.

On the other hand, if you’re an old hand and you already know what you want in terms of CBD products, then you should take a look at this list anyways — if you are missing any of the items on this list, you’re slacking! It could be time to play catch-up. Either way, no matter who you are and where you are in your CBD journey, check out the products below to get our take on five of the most essential CBD products out there.

Extra-Strength Relieving Spray

I bet ten years ago, you never thought there’d be CBD-infused body sprays, huh? Science is crazy.

But now that we’re living in the future, this body spray is one of the coolest, and most effective, products out there. It’s a fast-acting body spray that you can use on achy joints, inflamed skin, sore muscles, or whatever other problems your body is giving you when you wake up in the morning! It’s made of totally organic essential oils and other natural plant extracts, like peppermint, juniper, and CBD, designed specifically to reduce pain and inflammation. One to two sprays should be all it takes to work out any muscle kinks or swollen joints. In addition, this spray comes in a small bottle, so it’s perfect to take on the go when you need pain relief that you can take with you in your purse or gym bag.

CBD+ Vaporizer

Beautiful graphic design. A product that would look at home on a millennial bookshelf with vinyl records and streetwear baseball caps. A smart, disposable design that is eye-catching without being ostentatious.

This disposable, beautiful CBD+ vaporizer is all that and more. It’s filled with pure CBD oil as well as other essential oils to give you the treatment you need in a 500mg formation. Whether you want to treat arthritis, anxiety, or you just need a quick and convenient way to de-stress with a quick CBD intake, this vaporizer is one of the best options out there. No matter what part of your body aches, this vaporizer is one of the most stylish ways to put yourself on the path to recovery we’ve seen on the CBD market.

Full-Spectrum CBD Oil

Maybe you want to keep things simple. Rather than spend your disposable income on fancy new CBD products, you’d like to spend that money on finer ingredients, and you’re just looking for the highest quality oil you can find. If that’s the case, don’t worry; we’ve got you covered as well with this CBD oil.

This all-natural oil, made totally additive-free and preservative-free, is 100% organic, made from non-GMO plants right in Colorado, USA. Not only is it a natural and environmentally ethical option; it’s also a high-grade product. 5mL of this oil contains approximately 240mg of CBD extract. This oil would be a good choice for anybody with chronic pain, anxiety, or any other medical condition that CBD can treat.

CBD Capsules

Another high-quality and conscientiously-made CBD product, capsules are a great option for those who’d like to ingest their CBD rather than vaping it or using it in a rubbing formulation.

The main function of CBD capsules is to treat stress and anxiety; they’ll increase your awareness and boost your brain function so that you can stop stressing and start living more in the moment. At 15mg per capsule, and manufactured with CBD from Hudson Valley, NY, these cool caps will satisfy anybody who’s looking for a literal chill pill.

CBD Oil Tincture with Turmeric

Finally, the last item on our list is a tincture. There are many tincture-style formulations that have come onto the market recently, touting CBD as a cure-all for your bodily aches and pains, but this one is the real deal. This tincture is extracted from hemp and combined with turmeric for maximum effectiveness; you’ll likely need just a few drops to start feeling CBD’s healing effect. This is a good choice for those who want to keep form factor low and not spend a lot of money on a vaporizer or another accessory.

Conclusion

Hopefully, this list has given you a couple of ideas on where to start or how to supplement your existing collection of CBS oils, tinctures, balms and accessories. It should help you find where to purchase the best quality cannabis seeds. Results for CBD usage often vary from person-to-person, but what we can guarantee is that every single one of these products is well-designed and created for you to get the most out of your CBD treatment. The ability to buy weed online Quebec has never been easier.

Author Bio

Jessica Smith has been closely studying the cannabis industry trends from quite some time. Intrigued by the booming growth of this sector, she takes an interest in penning down her views providing quality insight on current marijuana trends, particularly medical cannabis.

 


StaffStaffApril 12, 2019
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5min1550

Guest post by Cecilia P. Owen  Cpo212@yahoo.com

After a family health scare and a stress-induced eczema attack, Teresa Norvell emerged with a new approach to wellness. Four years ago, an all too familiar feeling signaled Teresa that her body was last resorting to fight-or-flight mode: unchecked stress hormones led to a suppressed immune system, red, and irritated skin, and relentlessly itchy scaly patches. The eczema outbreak signaled that her body was in surrender mode. Desperate for relief, Teresa unwittingly turned to a solution that is currently raging onto the skincare and wellness market.

Welcome to the new normal: Once taboo ingredients, alcohol, and marijuana, are now heralded for their powerful healing abilities, and are catalyzing a nascent trend in wellness and beauty across a wide range of product categories. At the helm are hops and cannabis, close cousins in the plant world who share a host of beneficial properties and offer previously untapped ingredients for wellness. As legislation begins to catch up to research and science, the beauty industry is awakening to a whole new approach.

Historically, cannabis and alcohol both arrived on the scene the hard way, facing strict legislation, or more precisely, prohibition, and while alcohol merged into the mainstream, cannabis continues to face a more arduous journey. In the botanical world, cannabis sativa and Humulus lupulus are genetically related and share similar aroma and flavor molecules. In addition to physical similarities, both are proven to have anti-inflammatory, anti-anxiety, analgesic, and even anti-cancer properties. Compounds found in the plants’ flowers and buds contain flavonoids, terpenes, and essential oils with remarkable potential for application in skin care and beauty.

Players across the beauty industry are sitting up and taking notice, from the dermatologist to dietitians, stylists to makeup artists. Brands harnessing the power of these previously stigmatized ingredients, and combining them with skin health-oriented organic ingredients, are showing up on the shelves Neiman Marcus, Sephora, Goop, and Net-a-Porter.

“Reducing inflammation is the key to skin health and overall wellness,” said Ms. Norvell, founder of Intoxicating Beauty, a line of organic and natural alcohol-based skin care products. “Cannabis and alcohol are no longer lurking in the background. They are actually reclaiming their rightful place as ingredients that offer undeniable remedies for skin and health issues.”

These powerful elixirs are showing up in established brands like Estée Lauder, Kiehl’s, Origins and Fresh, which have all launched new products at the luxury level. Skin care featuring organic alcohol and CBD (the non-psychoactive compound found in marijuana) have always had a grassroots following, but research science and technology are now placing them firmly at center stage. Most importantly, consumers are creating an insatiable demand that has made this new niche the fastest growing sector in the beauty industry.

In Palm Beach, where Teresa Norvell began brewing solutions to inflammation in her own kitchen, Intoxicating Beauty now represents the only skin care brand exclusively using the detoxifying properties of organic alcohol found naturally in beer, vodka, sake and wine. Bestselling products like Craft Body Brew, a hops-infused body butter, and Radiance On Tap, a luminous body sugar polish, are satisfying the cravings of health and beauty enthusiasts turning away from synthetic or prescription drugs in favor of nature’s powerful alternatives.

“It is liberating to see our culture embracing the healing properties of cannabis and organic, natural alcohol,” Ms. Norvell said. “Historically, our ancestors relied on both for medicinal and beauty purposes. After all, women in Egypt and Rome bathed in beer, and Europeans originally developed vodka for medicinal purposes. America is last to the table in this trend, but it’s nice to see we are finally pulling up a chair.”



About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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