FDA hovers over surging C.B.D. market https:/
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Posted On: 10/21/2019 10:36:50 AM
FDA hovers over surging C.B.D. market
https://www.supermarketperimeter.com/articles...cbd-market
LAS VEGAS — The potential of cannabidiol (C.B.D.) as an ingredient seems bright, according to speakers in an Oct. 19 education session at SupplySide West in Las Vegas, even though the U.S. Food and Drug Administration has the authority to cast a figurative dark cloud over the category.
Functional ingredient sales growth of C.B.D. through U.S. retail outlets reached $185.1 million in the 52-week period ended Aug. 11, more than triple the $47.2 million in the previous 52-week period, according to Spins, L.L.C., a wellness-focused insights firm. Total U.S. C.B.D. product sales may reach $20 billion by 2024, which would be nearly five times the projected $4.1 billion in 2019, according to BDS Analytics, which provides data on cannabis, including C.B.D. products.
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https://www.supermarketperimeter.com/articles...cbd-market
https://www.supermarketperimeter.com/articles...cbd-market
LAS VEGAS — The potential of cannabidiol (C.B.D.) as an ingredient seems bright, according to speakers in an Oct. 19 education session at SupplySide West in Las Vegas, even though the U.S. Food and Drug Administration has the authority to cast a figurative dark cloud over the category.
Functional ingredient sales growth of C.B.D. through U.S. retail outlets reached $185.1 million in the 52-week period ended Aug. 11, more than triple the $47.2 million in the previous 52-week period, according to Spins, L.L.C., a wellness-focused insights firm. Total U.S. C.B.D. product sales may reach $20 billion by 2024, which would be nearly five times the projected $4.1 billion in 2019, according to BDS Analytics, which provides data on cannabis, including C.B.D. products.
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https://www.supermarketperimeter.com/articles...cbd-market
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