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Photo courtesy Harold Jarboe Hemp operators say smokable hemp is one of the fastest-growing and most lucrative segments in the nascent hemp and CBD industry – and market analysts agree, with expectations that the market will experience five-fold growth in the next five years. For 2020, market researchers at Nielsen project sales in the current
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The CBD vape market in Germany would likely decline in coming years even without new restrictions and advertising bans for the non-nicotine e-cigarettes, analysts say. According to market researchers at CBD-Intel, the German CBD vape product market – estimated at $11 million this year – is expected to decline to around $8.4 million by 2025.
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Rocked by a global pandemic and its resulting economic havoc, thousands of CBD companies in the United States will likely shutter in 2020 – but the CBD market will remain flooded with some 1,500 brands jostling for market share, according to cannabis research firm Brightfield Group. The Top 20 over-the-counter CBD companies accounted for just
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Hemp-derived CBD companies increasingly face class-action claims by consumers and stockholders, driven by industry growth, product claims, regulatory uncertainties and preventable mistakes by the companies themselves. Companies can reduce their exposure by being more transparent and forthright when disclosing their financials, the potential of their products and other relevant information, legal experts say. A U.S.
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Hemp pioneer Kentucky is reporting licensing fewer hemp growers and growing acreage for 2020 as state agriculture officials warn prospective producers to “proceed with caution” after a “volatile” 2019. State agriculture officials in Kentucky on Friday released production data from the 2019 season and revealed the number of licensed growers, hemp processors and handlers as
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In just two years, the number of specialty pet stores that carried Colorado-based Functional Remedies’ CBD products increased dramatically, going from 100 to 500 – underscoring the fast growth of a market that’s now reaching mass-market retailers like Petco and PetSmart. “More and more people are understanding how CBD and how hemp-based products can enhance
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(This is the third part of a weeklong series from Hemp Industry Daily examining hemp industry salaries, hiring and recruiting trends. Using exclusive data compiled by the data team at Hemp Industry Daily, we’re examining the latest hiring and compensation trends. Part One looked at how hemp salaries have changed since federal legalization. Part Two compared hemp salaries and tobacco-industry salaries.
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Two Southern states have received federal approval for their hemp production plans under the U.S. Department of Agriculture’s interim final rule for the 2020 season, while a Midwestern state has chosen to extend its 2014 pilot program. The USDA approved plans for South Carolina and West Virginia, bringing the total number of states approved under
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Oregon marijuana growers report wholesale flower prices are improving, which is welcome news for recreational cannabis cultivators in one of the country’s previously most oversupplied MJ markets. The changed business climate is even leading some growers to expand facilities and ramp up production. Marijuana growers in the state report wholesale flower prices per pound are
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The hemp industry’s pivot from pilot-program experiment to national commodity kept entrepreneurs clicking to keep up with changes for the new industry. And Texas’ entry into the national hemp-producing economy was a development not to be missed. Those were among the most widely read stories for 2019 at Hemp Industry Daily, based on page views. 1.
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Before the 2018 Farm Bill was passed, CBD was available only in a small number of specialty stores such as dispensaries and recreational marijuana stores. Now, CBD products can be found in a broad variety of outlets with significant retail footprints. (In this abridged version of a case study that appears in the November-December issue
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After spending years as a niche item in specialty stores, CBD-infused products have found their way onto the shelves of prominent retailers – and the ingredient’s presence and availability may yet increase. This week, CBD companies announced a number of new distribution deals. Consider: Southeastern Grocers joined the CBD category, announcing it will begin selling
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(Editor’s note: This is part of an occasional series on California’s hemp industry.) California’s county-by-county regulatory landscape for hemp production is as varied as its actual scenery. In some of its counties, California is one of the last strongholds against hemp production, while in others, efforts to grow the crop are underway or ordinances have
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A surge in academic research about hemp-derived cannabinoids is giving CBD companies new opportunities to find university partners to validate mountains of anecdotal evidence about cannabidiol’s health benefits. The research boom is enabled by hemp’s new legal status and funded by cannabis entrepreneurs who see an opportunity to bring a stamp of authority to an
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Hoping to resolve the legal confusion surrounding the selling of CBD products, states are starting to leapfrog federal health regulators and give hemp entrepreneurs permission to put cannabis extracts in food, drinks and dietary supplements. But the efforts aren’t reducing legal headaches for the hemp industry. That’s because states and even local governments are crafting
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