Blog Banner 10

Hot or Hype? The CBD Market Overview

Author: Kyley Paul

Published on April 5, 2018

I know you have been thinking about it! Do I buy? Do I invest? Should we expand out product line? All very valid questions especially in early 2018! I will take you through what I learned at the Expo West CBD Summit about a month ago. And no, you are not alone! First of all the CBD Summit was an entire HALF DAY and it was PACKED- standing room only packed...the entire 4+ hours.

Hemp Around The World

Global Hemp comparisons; Canada & EU are miles ahead of the US; on the agricultural and regulatory side. Many US companies are seeking counsel from Canadian companies and beginning to mimic their processes in order to be prepared for when the legislation eventually turns over. Now let's go through some US sales!

No surprise here BIG numbers that are expected to more than double in less than 3 years. The hype is real! As far as sales are concerned. The interesting note here is the jump in Pharmaceutical sales due to the anticipated regulation change. This number in Canada is already present in 2016/2017 though not as high due to population.

We will take a deeper dive into the breakdown of channels where hemp in the US is being sold.

NOTE: The 14% of Natural Retail Sales from 2017 breaks down as follows: 87% Supplements, 12% Topical, 1% Food. These numbers will all shift in the next couple of years with the market moving toward consumable products and the mass market.

Biggest takeaways:

Canadian CBD Market and the major acquisitions recently (Canopy growth>mettrum originals, Aphria>Kalytera, Aurora>Hempco, etc)

BIGS making moves (BIG Tobacco, BIG Alcohol, BIG Pharma)

Things to watch in 2018/2019 = Senate Bill, Epidiolex to market, HIA Hoban Law vs DEA, Farm Bill 2018

What does all this mean? There is growing US Leadership Support, FDA/DEA/Court are taking actions, Sec. 7606 could be updated/amended? All of these current items are pressing the movement forward in terms of regulations for legalization and adding structure to the industry in the US. Here is Canada, we are all anxiously awaiting July 1st for our next steps! (and the next BIG moves)

Stay tuned! I will be happy to provide an update as I am keeping my eyes peeled and ready to Regulate!

Find Out More

If you are interested in obtaining a cannabis license, NaturalSci Regulatory Consulting can help you to get started. The best place to start is to set up a consultation with one of our specialists. Get started right away by clicking the link below to get in touch with us.

Related Articles

cannabis license

What Type Of Cannabis License Do I Need?

By Emily Staines | October 27, 2020

What Type Of Cannabis License Do I Need? Published on October 28, 2020 Author: Kyley Paul Are you interested in…

Read More
cannabis license

The 12- Step Guide To Obtaining a Cannabis Licence

By Emily Staines | August 6, 2020

The 12- Step Guide To Obtaining a Cannabis Licence Published on August 6, 2020 Author: Vincent Bowry Are you interested…

Read More
Cannabis 3.0

What Might Cannabis 3.0 Look Like?

By naturalscireg | May 15, 2020

What Might Cannabis 3.0 Look Like? Published on May 15, 2020 Author: Anthony Brunski Cannabis 2.0 is finally here but…

Read More