WASHINGTON — The Council for Responsible Nutrition (CRN) on Wednesday denounced the Food and Drug Administration’s rejection of two new dietary ingredient (NDI) notifications for full-spectrum hemp extract containing cannabidiol (CBD)—and urged Congress to act on pending legislative proposals that require the agency to address the lack of regulation of hemp-derived products. The following is
Sales of CBD products are expected to get pretty high in the next few years, even if users of the products don’t. A new forecast from the cannabis research firm BDSA predicts that U.S. sales of CBD products will hit $19.5 billion in 2025, rising at a compound annual growth rate of nearly 37%. (For
ARLINGTON, Va. – The National Grocers Association (NGA) is backing bipartisan legislation introduced in the U.S. House of Representatives this month to “eliminate regulatory confusion” in the CBD category and legalize CBD in dietary supplements. “NGA members are experiencing significant consumer demand for CBD products,” says Chris Jones, senior vice president of government relations and
RONKONKOMA, N.Y.— Piping Rock, a leader in vitamin innovation, has recently launched its line of high-quality CBD products. According to the company, the decision has come with much deliberation and research into the potential benefits of the compound.Piping Rock has set out to accomplish something the company considers truly unique. With other brands selling CBD at
Mass retail sales, by their very nature, are all about large volume and quick turnover. Yet sales of CBD products are typically a far more consultative process. And if one thing was driven home to me during my recent visit to the Planet 13 dispensary in Las Vegas, it’s this: If retailers want to become
The rush to capitalize on widespread consumer interest in products that contain cannabidiol has become a stampede. Not a week goes by without news from companies looking to enter or enlarge their presence in the burgeoning CBD business, one whose reach already extends across a range of CPG categories, including health and wellness, beauty, food
NEW YORK ― Expanding its offerings of full spectrum hemp products, Veritas Farms is introducing its new CBD beauty line, Veritas Beauty at a press event at the One Hotel here Thursday. “Veritas Farms launched the brand as a response to the growing demand from customers for a line of CBD skincare products,” said Alexander
CINCINNATI — Kroger Co. has confirmed that it plans to begin selling topical products infused with CBD in 945 stores across 17 states. The products are set to be on those store shelves by the end of the month. “Like many retailers, we are offering our customers a highly curated collection of topical products like
NEW YORK — Although obstacles to a widespread rollout remain, CBD products are edging into the mainstream. Late last month both CVS Pharmacy and Walgreens announced that they would begin selling CBD products in some stores. CVS has begun carrying CBD products in selected stores in seven states: California, Colorado, Illinois, Indiana, Kentucky, Maryland and
DEERFIELD, Ill.— Walgreens reported Wednesday it will sell CBD creams, patches and sprays in nearly 1,500 stores in select states. The drugstore chain will sell the cannabis-based products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. The retailer declined to specify which brands it would carry. “This product offering is in
WOONSOCKET, R.I. — CVS has begun carrying CBD products in selected stores in seven states: California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee. The chain is stocking hemp-derived topical products only, such as creams, sprays, roll-ons, lotions and salves. It will not sell any supplements or food additives containing CBD, a company spokesman said. “We
CHICAGO — IRI Tuesday released findings of a new study focused on understanding the attitudes and usage motivations of legal adult cannabis users, and the projected impact of further legalization on consumer product purchase habits. “The expanding legalization of cannabis products is already a disruptive force in the CPG industry,” said Robert Tomei, president of market and