Predictions for hemp and CBD products. Accordi
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Posted On: 03/10/2019 6:02:13 PM
Predictions for hemp and CBD products.
According to New Frontier Data’s Chief Knowledge Officer John Kagia:
The global hemp industry is growing dramatically as the plant’s versatile applications are better understood, and the costs associated with deploying such applications falls;
Potential rescheduling of CBD by the United Nations this year will further accelerate both interest in and demand for CBD products, as the UN’s recommendation will be viewed as an endorsement of the compound’s therapeutic efficacy and low-risk profile;
Hemp could challenge fossil-fuel-based products in a range of areas: Innovations in hemp-based bioplastics and biofuels (spurred by falling production costs) will lead to hemp-based products’ challenging petroleum-based products, including (as is already being done) BMW vehicle interiors. Ever since TV host and comedian Jay Leno posted an online video of himself test-driving a 2017 Renew sports car (with a chassis fashioned from 100 pounds of woven hemp), fewer potential participants have been willing to get left behind;
Hemp-based foods will represent a tremendously high growth market given the plant’s rich nutritional profile, though brands and markets will need to proceed carefully in positioning such products less as any quickly dismissed health fad than rather as a durably adopted dietary option among consumer foods; and
Hemp cultivation in less-developed countries across Africa, Asia, and Latin America will provide a high-volume, low-cost source for CBD, posing a considerable challenge to higher-cost producers in North America and Europe. Nevertheless, given the nascent hemp production in the developing markets, need will persist for the transfer of significant knowledge, technology, and capital for such emerging nations to develop the requisite processes and quality standards to sufficiently serve international markets.
https://newfrontierdata.com/marijuana-insight...al-heyday/?
According to New Frontier Data’s Chief Knowledge Officer John Kagia:
The global hemp industry is growing dramatically as the plant’s versatile applications are better understood, and the costs associated with deploying such applications falls;
Potential rescheduling of CBD by the United Nations this year will further accelerate both interest in and demand for CBD products, as the UN’s recommendation will be viewed as an endorsement of the compound’s therapeutic efficacy and low-risk profile;
Hemp could challenge fossil-fuel-based products in a range of areas: Innovations in hemp-based bioplastics and biofuels (spurred by falling production costs) will lead to hemp-based products’ challenging petroleum-based products, including (as is already being done) BMW vehicle interiors. Ever since TV host and comedian Jay Leno posted an online video of himself test-driving a 2017 Renew sports car (with a chassis fashioned from 100 pounds of woven hemp), fewer potential participants have been willing to get left behind;
Hemp-based foods will represent a tremendously high growth market given the plant’s rich nutritional profile, though brands and markets will need to proceed carefully in positioning such products less as any quickly dismissed health fad than rather as a durably adopted dietary option among consumer foods; and
Hemp cultivation in less-developed countries across Africa, Asia, and Latin America will provide a high-volume, low-cost source for CBD, posing a considerable challenge to higher-cost producers in North America and Europe. Nevertheless, given the nascent hemp production in the developing markets, need will persist for the transfer of significant knowledge, technology, and capital for such emerging nations to develop the requisite processes and quality standards to sufficiently serve international markets.
https://newfrontierdata.com/marijuana-insight...al-heyday/?
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