CBD is booming. But US farmers struggle to keep up with demand for industrial hemp

Canada News News

CBD is booming. But US farmers struggle to keep up with demand for industrial hemp
Canada Latest News,Canada Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 72%

The nascent CBD industry is trying to work through the kinks at the same time demand is ramping up, leaving producers frustrated and consumers with unreliable products.

It's Hollywood's new favorite beauty product. It's the superfood du jour. Demand for CBD is so strong that companies are scrambling to infuse their products with it, but the CBD they're finding isn't all that great.

The current supply chain — from plants, to extraction, to labs — is riddled with issues. And the nascent industry is trying to work through the kinks at the same time demand is ramping up, leaving producers frustrated and consumers stuck trying to sift good products from bad ones. People have been growing hemp illegally for years. Farmers have kept their operations quiet and developed their own techniques that are all a little different, said Christian Cypher, a senior vice president at Pyxus International who is leading the agriculture company's cannabis work.Most hemp farmers are growing the plant like a tomato, a process that's expensive and intensive, said David Williams, an agronomist at the University of Kentucky who studies hemp.

Arcadia Biosciences, a company that has bred wheat to be more fibrous, recently entered the cannabis space with the aim of growing hemp that produces more CBD and no or reliably low THC. Federal law says CBD is legal so long as it contains less than 0.3 percent THC. There aren't any federal laws requiring companies to test CBD, whether it goes into beauty or food products. Some farmers or manufacturers send their extracts in anyway, and they're learning that lab tests are working through a similar learning curve as the rest of the supply chain.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CBD Easter candy has arrivedCBD Easter candy has arrivedJelly Belly creator launches CBD-infused jelly beans with 10 mg of CBD.
Read more »

Curaleaf is putting CBD in one of the biggest drugstore chains in the U.S.Curaleaf is putting CBD in one of the biggest drugstore chains in the U.S.U.S. cannabis retailer Curaleaf Holdings Inc. said late Wednesday that it has inked a deal with CVS Health Corp. to carry its line of cannabidiol, or CBD,...
Read more »

CBD is being sold at the largest drugstore chain in the U.S.CBD is being sold at the largest drugstore chain in the U.S.U.S. cannabis retailer Curaleaf Holdings Inc. said late Wednesday that it has inked a deal with CVS Health Corp. to carry its line of cannabidiol, or CBD,...
Read more »

Betting big on CBD: How to start a business few people understandBetting big on CBD: How to start a business few people understandAs CBD popularity explodes, new products are flooding the market. But with little regulation, how how can consumers know what’s actually good? For Nick Aragonesi, owner of the CBD Superstore in Queens, New York, that’s the problem he tackles every day.
Read more »

CVS to sell CBD products over-the-counter as an 'alternative source of relief'CVS to sell CBD products over-the-counter as an 'alternative source of relief'CVS Pharmacy announced it will begin selling hemp-derived CBD products in 8 states. The items, such as cannabidiol-infused creams, sprays, and roll-ons, will be offered as “an alternative source of relief,” the company said in a statement.
Read more »

The inventor of Jelly Belly has launched cannabis-infused jelly beansThe inventor of Jelly Belly has launched cannabis-infused jelly beansJelly Belly's inventor is getting into the cannabis business with CBD-infused jelly beans.
Read more »

Opinion | CBD oil promises miracle cures. Here's what the science says.Opinion | CBD oil promises miracle cures. Here's what the science says.Opinion | Timothy Caulfield: 'The buzz around cannabis products is understandable. But we simply don't know enough yet about possible benefits — or risks.' - NBCNewsTHINK
Read more »

The FDA is putting together a group of experts to figure out how to handle the $1 billion CBD industryThe FDA is putting together a group of experts to figure out how to handle the $1 billion CBD industryThe group will develop options for Congress to allow the cannabis-derived substance in food products, FDA Commissioner Scott Gottlieb said.
Read more »



Render Time: 2025-03-04 14:28:27