Markets for CBD Products to Explode With New U.S. Hemp Legislation

LOS ANGELES, January 23, 2019 /PRNewswire/ --

FN Media Group Presents USA News Group News Commentary  

By removing hemp from the Controlled Substances Act via an amendment to the 2018 Farm Bill, U.S. Congress appears to have cleared a path for American companies interested in using hemp and its extracts. Retailers selling those products are predicted to see an explosion in market share as a result.

The market for CBD products is already significant and has increased the worth of a growing list of so-called mainstream cannabis participants including MariMed Inc. (OTC: MRMD), Canopy Growth Inc. (TSX: WEED) (NYSE:CGC) and Cronos Group (NASDAQ: CRON) (TSX:CRON).

While the retail market for marijuana is booming, the CBD products business appears to be about to swing the doors wide open. One early innovator in the space is The Yield Growth Corp., which is attracting plenty of interest. The Yield Growth Corp. (CSE:BOSS) has developed a line of wellness and beauty products that make the most of what the hemp plant can offer legally, as well as offering the opportunity to infuse those products with THC or CBD where legal.

Food is a logical leader 

The hemp is rich in omega-3 and omega-6 fats, protein and other nutritional benefits, and it provides what's described as a "nutty flavor" that goes well in foodstuffs. You can find hemp seeds, hemp milk and hemp-based meat alternatives at specialty grocery stores if you look. Those are made mostly from hemp imported from Europe, Canada and elsewhere. Based on the legalization of hemp, the demand for hemp foods will increase and with it, broader access to domestic U.S. hemp.

All food and drinks infused with CBD will still have to be approved and regulated by the FDA, but that appears to be a small barrier for such a lucrative market.

Health supplements and wellness 

Many people would like the nutritional benefits of hemp without having to eat hemp seeds or a veggie burger. Hemp and hemp-derived CBD extracts, proteins and its isolates are a quicker, easier way to consume. Hemp-seed oil and extracts have also been shown to help with skin and hair disorders. In fact, CBD has been shown to possess potential benefits in dealing with everything from anxiety, sleep and pain disorders to epilepsy.