Markets for CBD Products to Explode With New U.S. Hemp Legislation - Seite 2

Hemp and hemp-seed supplement makers are expected to continue to operate without much change, but CBD supplements will probably have to alter their terminology, along with the CBD infused food and drinks. Clearly there is going to a be a whole new supply of products entering chains like Whole Foods, and even stores like Kroger and Safeway.

Cosmetics and beauty products 

Already one of the largest sectors of hemp-based products in America, cosmetics made with the plant is about to get bigger. You can find lotions, lip balms, soap, lipstick, makeup and a variety of beauty products made with hemp and hemp-derived CBD at retailers and online. With legal hemp, expect more physical shelf space to be devoted this line as the hemp popularity increases.

A first-mover in this category is The Yield Growth Corp., whose unique approach aims to sell its base products nearly anywhere in the world, and then capitalize on any market that has legalized recreational use of THC or CBD. In this way, they are opening new markets with the legalization as a pathway to larger market share.

The Yield Growth Corp. has multiple major brands to provide a portfolio in the developing CBD space. Under the brand Urban Juve, they currently support a set of nearly 50 products that are launching in 2019. Based in Canada, the company has already completed 26 Health Canada registrations. The initial launch will consist of base products only.

The Yield Growth Corp. also has granted CROP Infrastructure Corp., which grows, produces, and sells cannabis products, the rights to distribute Urban Juve products in Italy. CROP has a foothold in California, Nevada, and Washington State, and have recently expanded into Jamaica looking to capitalize on the ideal growing conditions there.

Pet treats and toys 

There's a growing body of research showing that hemp and CBD extracts can help our pets similar to the ways they help us. Already veterinarians and pet owners are using hemp-seed extracts for nose and ear afflictions; CBD is also being widely adopted to treat anxiety and pain among dogs and cats without harmful side effects of some mainstream therapies. Of course, these produces will be regulated by the FDA. And since hemp fibers make a tough, durable rope or toy for chewing and tug-of-war, our furry friends will be chewing on hemp more often, too.