{"id":3236,"date":"2017-11-27T15:12:59","date_gmt":"2017-11-27T23:12:59","guid":{"rendered":"https:\/\/www.rangeme.com\/blog\/?p=3236"},"modified":"2021-10-07T15:23:26","modified_gmt":"2021-10-07T23:23:26","slug":"hemp-based-wellness-goes-mainstream","status":"publish","type":"post","link":"https:\/\/www.rangeme.com\/blog\/hemp-based-wellness-goes-mainstream\/","title":{"rendered":"Hemp-Based Wellness Goes Mainstream"},"content":{"rendered":"<p><span class=\"dropcap\">H<\/span>emp is hot \u2013 and its soaring popularity impacts multiple retail markets. No longer associated with Cheech and Chong or excessive use of the word \u2018dude,\u2019 hemp-based products earned $170 million in sales last year, according to market research firm Brightfield Group.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_1');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_1');\" ><sup id=\"footnote_plugin_tooltip_3236_1_1\" class=\"footnote_plugin_tooltip_text\">1<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_1\" class=\"footnote_tooltip\">Hemp Seeds Aren\u2019t Just for Hipsters Anymore and Are Going Mainstream. Be Healthy. July 19, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_1').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_1', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/p>\n<p>The U.S. is the largest consumer market for hemp products worldwide, and the market for hemp-derived cannabidiol (CBD) is on track to reach an astonishing $1 billion by 2020, representing a 55% compound annual growth rate.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_2');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_2');\" ><sup id=\"footnote_plugin_tooltip_3236_1_2\" class=\"footnote_plugin_tooltip_text\">2<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_2\" class=\"footnote_tooltip\">The Growth of the Hemp CBD Markets. Business Insider. May 2, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_2').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_2', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_3');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_3');\" ><sup id=\"footnote_plugin_tooltip_3236_1_3\" class=\"footnote_plugin_tooltip_text\">3<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_3\" class=\"footnote_tooltip\">Borchardt, Debra. Hemp Cannabis Product Sales Projected To Hit $1 Billion In 3 Years. Forbes. August 23, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_3').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_3', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/p>\n<p>CBD made from hemp contains less than 0.3% THC, the psychoactive ingredient associated with marijuana. Often called hemp oil, hemp CBD is now sold in most states and online, making it more accessible than marijuana-derived CBD.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_4');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_4');\" ><sup id=\"footnote_plugin_tooltip_3236_1_4\" class=\"footnote_plugin_tooltip_text\">4<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_4\" class=\"footnote_tooltip\">Borchardt, Debra. Hemp Cannabis Product Sales Projected To Hit $1 Billion In 3 Years. Forbes. August 23, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_4').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_4', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/p>\n<p><strong>Hemp CBD market overview<\/strong><br \/>\nUnderstandably, demand for hemp CBD products is strongest in states where marijuana is difficult to buy, mostly in the Midwest.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_5');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_5');\" ><sup id=\"footnote_plugin_tooltip_3236_1_5\" class=\"footnote_plugin_tooltip_text\">5<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_5\" class=\"footnote_tooltip\">Borchardt, Debra. Hemp Cannabis Product Sales Projected To Hit $1 Billion In 3 Years. Forbes. August 23, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_5').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_5', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> In terms of distribution channels, Brightfield reports 65% of sales come through e-commerce websites, followed by smoke shops (18%) and dispensaries (9%), as well as health stores and doctor\u2019s offices. <\/p>\n<p>According to Forbes, the top five online brands are CW Hemp, PlusCBD Oil, HempMeds (RHSO), Elixinol and CannazALL.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_6');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_6');\" ><sup id=\"footnote_plugin_tooltip_3236_1_6\" class=\"footnote_plugin_tooltip_text\">6<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_6\" class=\"footnote_tooltip\">Borchardt, Debra. Hemp Cannabis Product Sales Projected To Hit $1 Billion In 3 Years. Forbes. August 23, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_6').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_6', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> Among CBD Hemp makers, only three are publicly traded companies with sales of $100,000 or more: CV Sciences, Medical Marijuana, and Laguna Blends.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_7');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_7');\" ><sup id=\"footnote_plugin_tooltip_3236_1_7\" class=\"footnote_plugin_tooltip_text\">7<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_7\" class=\"footnote_tooltip\">Borchardt, Debra. Hemp Cannabis Product Sales Projected To Hit $1 Billion In 3 Years. Forbes. August 23, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_7').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_7', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> This means small and medium players across the U.S. are fueling the market\u2019s massive growth.<\/p>\n<p><strong>5 reasons hemp CBD is so hot<\/strong><br \/>\nWant to know why hemp CBD has earned strong sales growth in the natural health and wellness sector? These five big reasons explain it: <\/p>\n<p><strong><\/p>\n<ol>\n<li>Versatility<\/strong><br \/>\nHemp products are available in the form of balms, capsules, and drops across diverse product categories such as nutritional supplements, skin care products, beverages, foods, recreational and medicinal uses.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_8');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_8');\" ><sup id=\"footnote_plugin_tooltip_3236_1_8\" class=\"footnote_plugin_tooltip_text\">8<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_8\" class=\"footnote_tooltip\">Consumer Demand and Wave of Innovation in CBD Cannabis Market Exploding. Business Insider. July 25, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_8').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_8', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/p>\n<p>Hemp seeds can be pressed and made into hemp oil to make such items as cleaning products, body care products, building materials, health food, textiles, and plastics.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_9');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_9');\" ><sup id=\"footnote_plugin_tooltip_3236_1_9\" class=\"footnote_plugin_tooltip_text\">9<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_9\" class=\"footnote_tooltip\">Hemp Seeds Aren\u2019t Just for Hipsters Anymore and Are Going Mainstream. Be Healthy. July 19, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_9').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_9', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> Supermarkets have increased their offerings of plant-based milks, including hemp varieties.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_10');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_10');\" ><sup id=\"footnote_plugin_tooltip_3236_1_10\" class=\"footnote_plugin_tooltip_text\">10<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_10\" class=\"footnote_tooltip\">Clark, Melissa. Vegan Ice Cream Enters a Golden Age. The New York Times. July 21, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_10').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_10', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/li>\n<p><strong><\/p>\n<li>Therapeutic value<\/strong><br \/>\nConsumers increasingly turn to hemp CBD products help to solve common health care conditions. For instance, hemp CBD items are used to improve skin health, reduce stress and anxiety, and promote weight loss, digestion and joint pain relief, among other health conditions.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_11');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_11');\" ><sup id=\"footnote_plugin_tooltip_3236_1_11\" class=\"footnote_plugin_tooltip_text\">11<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_11\" class=\"footnote_tooltip\">Hemp Seeds Aren\u2019t Just for Hipsters Anymore and Are Going Mainstream. Be Healthy. July 19, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_11').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_11', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> Among the food and beverage categories, hemp seeds are considered the most nutritious seeds in the world, used for thousands of years as an edible source of fiber.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_12');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_12');\" ><sup id=\"footnote_plugin_tooltip_3236_1_12\" class=\"footnote_plugin_tooltip_text\">12<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_12\" class=\"footnote_tooltip\">Hemp Seeds Aren\u2019t Just for Hipsters Anymore and Are Going Mainstream. Be Healthy. July 19, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_12').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_12', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/li>\n<p><strong><\/p>\n<li>Millennial demand<\/strong><br \/>\nBoston Consulting Group found 10% of Millennials are cause-driven, environmentally-minded consumers who love hemp-based, recycled, eco-friendly products.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_13');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_13');\" ><sup id=\"footnote_plugin_tooltip_3236_1_13\" class=\"footnote_plugin_tooltip_text\">13<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_13\" class=\"footnote_tooltip\">Van Petten, Vanessa. he 6 Gen Y Spending Types: Which One Are You? LearnVest. July 10, 2012.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_13').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_13', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> This generation also greatly values <a href=\"https:\/\/www.rangeme.com\/blog\/hungry-for-health-wellness-5-major-food-trends\/\" rel=\"noopener\" target=\"_blank\">health and wellness<\/a>. Millennials particularly crave healthy, fresh, on-the-go foods that are convenient \u2013 including prepared hemp seed salads. As such, hemp is being marketed to Millennials as a nutrient-rich superfood, as it is high in omega 3 and antioxidants.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_14');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_14');\" ><sup id=\"footnote_plugin_tooltip_3236_1_14\" class=\"footnote_plugin_tooltip_text\">14<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_14\" class=\"footnote_tooltip\">Rivero, Tanya Rivero. Wall Street Journal. The Hemp Craze Comes to Salads. July 10, 2015.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_14').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_14', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/li>\n<p><strong><\/p>\n<li>Mainstream appeal<\/strong><br \/>\nSeveral retail giants sell hemp CBD products, adding to the booming industry. Hemp-based clothing and other textiles are readily accessible through companies like Patagonia and REI, plus smaller suppliers.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_15');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_15');\" ><sup id=\"footnote_plugin_tooltip_3236_1_15\" class=\"footnote_plugin_tooltip_text\">15<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_15\" class=\"footnote_tooltip\">Pot\u2019s parent plant produces all sorts of benefits. The Spokesman-Review. September 28, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_15').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_15', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> While Walmart.com did offer multiple lines of CBD products, these products are no longer available. Amazon is also a third-party provider of hemp products, such as hemp seed oil and hemp oil supplements. However, the company does not allow suppliers to sell CBD products on its e-commerce website.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_16');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_16');\" ><sup id=\"footnote_plugin_tooltip_3236_1_16\" class=\"footnote_plugin_tooltip_text\">16<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_16\" class=\"footnote_tooltip\">Amazon Seller Forums.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_16').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_16', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/p>\n<p>Although hemp products are legal, certain retailers distance themselves from these items to mitigate risk to their brand and avoid liability. For instance, although Target advertised four hemp supplement products on their website, the company promptly removed them following media attention.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_17');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_17');\" ><sup id=\"footnote_plugin_tooltip_3236_1_17\" class=\"footnote_plugin_tooltip_text\">17<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_17\" class=\"footnote_tooltip\">Thompson, Chris. Target Pulls CBD Products After Offering Them Online. Freedom Leaf. September 29, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_17').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_17', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> While sales of cannabis-derived products could be allowed under certain state-based marijuana programs, selling such products across state lines is illegal. That said, Target sells other hemp-derived food and beauty products, including hemp-seed hearts and hemp-based milk, soaps and shampoos.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_18');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_18');\" ><sup id=\"footnote_plugin_tooltip_3236_1_18\" class=\"footnote_plugin_tooltip_text\">18<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_18\" class=\"footnote_tooltip\">Wallace, Alicia. Update: CBD oil hits national stage with Target.com \u2014 briefly. The Cannabist. September 28, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_18').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_18', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/li>\n<p><strong><\/p>\n<li>Legislative changes<\/strong><br \/>\nWhile hemp CBD is legal as long as it\u2019s under 0.3% THC content, Americans also demonstrate changing attitudes toward the legalization of recreational marijuana in California and Nevada, which contributes to hemp CBD\u2019s popularity. To date, 31 states have passed legislation that allows hemp farming in line with the 2014 Farm Bill.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_19');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_19');\" ><sup id=\"footnote_plugin_tooltip_3236_1_19\" class=\"footnote_plugin_tooltip_text\">19<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_19\" class=\"footnote_tooltip\">The Growth of the Hemp CBD Markets. Business Insider. May 2, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_19').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_19', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script> Currently, only 15 states allow CBD, in addition to the 28 states plus Washington DC, which have legalized medical marijuana, Forbes reports.<span class=\"footnote_referrer\"><a role=\"button\" tabindex=\"0\" onclick=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_20');\" onkeypress=\"footnote_moveToReference_3236_1('footnote_plugin_reference_3236_1_20');\" ><sup id=\"footnote_plugin_tooltip_3236_1_20\" class=\"footnote_plugin_tooltip_text\">20<\/sup><\/a><span id=\"footnote_plugin_tooltip_text_3236_1_20\" class=\"footnote_tooltip\">CBD and Hemp Sales Projected to Remain Strong. The New York Times. October 4, 2017.<\/span><\/span><script type=\"text\/javascript\"> jQuery('#footnote_plugin_tooltip_3236_1_20').tooltip({ tip: '#footnote_plugin_tooltip_text_3236_1_20', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], });<\/script><\/ol>\n<\/li>\n<p>Hemp CBD is emerging as a powerful retail trend, impacting grocery, pharmacy, apparel and health and beauty, among other categories. To gain a competitive advantage, retailers and suppliers can educate consumers by emphasizing the wide range of health, wellness and therapeutic applications hemp CBD products offer. Retail companies must also stay up-to-date with evolving political, competitive and consumer trends to stand out and sell in this thriving market.<\/p>\n<div class=\"speaker-mute footnotes_reference_container\"> <div class=\"footnote_container_prepare\"><p><span role=\"button\" tabindex=\"0\" class=\"footnote_reference_container_label pointer\" onclick=\"footnote_expand_collapse_reference_container_3236_1();\">&#x202F;<\/span><span role=\"button\" tabindex=\"0\" class=\"footnote_reference_container_collapse_button\" style=\"\" onclick=\"footnote_expand_collapse_reference_container_3236_1();\">[<a id=\"footnote_reference_container_collapse_button_3236_1\">+<\/a>]<\/span><\/p><\/div> <div id=\"footnote_references_container_3236_1\" style=\"display: none;\"><table class=\"footnotes_table footnote-reference-container\"><caption class=\"accessibility\">References<\/caption> <tbody> \r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi\" ><a id=\"footnote_plugin_reference_3236_1_1\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_1');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>1,<\/a> <a id=\"footnote_plugin_reference_3236_1_9\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_9');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>9,<\/a> <a id=\"footnote_plugin_reference_3236_1_11\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_11');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>11,<\/a> <a id=\"footnote_plugin_reference_3236_1_12\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_12');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>12<\/a><\/th> <td class=\"footnote_plugin_text\">Hemp Seeds Aren\u2019t Just for Hipsters Anymore and Are Going Mainstream. Be Healthy. July 19, 2017.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi\" ><a id=\"footnote_plugin_reference_3236_1_2\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_2');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>2,<\/a> <a id=\"footnote_plugin_reference_3236_1_19\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_19');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>19<\/a><\/th> <td class=\"footnote_plugin_text\">The Growth of the Hemp CBD Markets. Business Insider. May 2, 2017.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi\" ><a id=\"footnote_plugin_reference_3236_1_3\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_3');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>3,<\/a> <a id=\"footnote_plugin_reference_3236_1_4\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_4');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>4,<\/a> <a id=\"footnote_plugin_reference_3236_1_5\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_5');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>5,<\/a> <a id=\"footnote_plugin_reference_3236_1_6\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_6');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>6,<\/a> <a id=\"footnote_plugin_reference_3236_1_7\" class=\"footnote_backlink\" onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_7');\"><span class=\"footnote_index_arrow\">&#8593;<\/span>7<\/a><\/th> <td class=\"footnote_plugin_text\">Borchardt, Debra. Hemp Cannabis Product Sales Projected To Hit $1 Billion In 3 Years. Forbes. August 23, 2017.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_8');\"><a id=\"footnote_plugin_reference_3236_1_8\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>8<\/a><\/th> <td class=\"footnote_plugin_text\">Consumer Demand and Wave of Innovation in CBD Cannabis Market Exploding. Business Insider. July 25, 2017.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_10');\"><a id=\"footnote_plugin_reference_3236_1_10\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>10<\/a><\/th> <td class=\"footnote_plugin_text\">Clark, Melissa. Vegan Ice Cream Enters a Golden Age. The New York Times. July 21, 2017.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_13');\"><a id=\"footnote_plugin_reference_3236_1_13\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>13<\/a><\/th> <td class=\"footnote_plugin_text\">Van Petten, Vanessa. he 6 Gen Y Spending Types: Which One Are You? LearnVest. July 10, 2012.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_14');\"><a id=\"footnote_plugin_reference_3236_1_14\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>14<\/a><\/th> <td class=\"footnote_plugin_text\">Rivero, Tanya Rivero. Wall Street Journal. The Hemp Craze Comes to Salads. July 10, 2015.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_15');\"><a id=\"footnote_plugin_reference_3236_1_15\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>15<\/a><\/th> <td class=\"footnote_plugin_text\">Pot\u2019s parent plant produces all sorts of benefits. The Spokesman-Review. September 28, 2017.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_16');\"><a id=\"footnote_plugin_reference_3236_1_16\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>16<\/a><\/th> <td class=\"footnote_plugin_text\">Amazon Seller Forums.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_17');\"><a id=\"footnote_plugin_reference_3236_1_17\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>17<\/a><\/th> <td class=\"footnote_plugin_text\">Thompson, Chris. Target Pulls CBD Products After Offering Them Online. Freedom Leaf. September 29, 2017.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_18');\"><a id=\"footnote_plugin_reference_3236_1_18\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>18<\/a><\/th> <td class=\"footnote_plugin_text\">Wallace, Alicia. Update: CBD oil hits national stage with Target.com \u2014 briefly. The Cannabist. September 28, 2017.<\/td><\/tr>\r\n\r\n<tr class=\"footnotes_plugin_reference_row\"> <th scope=\"row\" class=\"footnote_plugin_index_combi pointer\"  onclick=\"footnote_moveToAnchor_3236_1('footnote_plugin_tooltip_3236_1_20');\"><a id=\"footnote_plugin_reference_3236_1_20\" class=\"footnote_backlink\"><span class=\"footnote_index_arrow\">&#8593;<\/span>20<\/a><\/th> <td class=\"footnote_plugin_text\">CBD and Hemp Sales Projected to Remain Strong. The New York Times. October 4, 2017.<\/td><\/tr>\r\n\r\n <\/tbody> <\/table> <\/div><\/div><script type=\"text\/javascript\"> function footnote_expand_reference_container_3236_1() { jQuery('#footnote_references_container_3236_1').show(); jQuery('#footnote_reference_container_collapse_button_3236_1').text('\u2212'); } function footnote_collapse_reference_container_3236_1() { jQuery('#footnote_references_container_3236_1').hide(); jQuery('#footnote_reference_container_collapse_button_3236_1').text('+'); } function footnote_expand_collapse_reference_container_3236_1() { if (jQuery('#footnote_references_container_3236_1').is(':hidden')) { footnote_expand_reference_container_3236_1(); } else { footnote_collapse_reference_container_3236_1(); } } function footnote_moveToReference_3236_1(p_str_TargetID) { footnote_expand_reference_container_3236_1(); var l_obj_Target = jQuery('#' + p_str_TargetID); if (l_obj_Target.length) { jQuery( 'html, body' ).delay( 0 ); jQuery('html, body').animate({ scrollTop: l_obj_Target.offset().top - window.innerHeight * 0.2 }, 380); } } function footnote_moveToAnchor_3236_1(p_str_TargetID) { footnote_expand_reference_container_3236_1(); var l_obj_Target = jQuery('#' + p_str_TargetID); if (l_obj_Target.length) { jQuery( 'html, body' ).delay( 0 ); jQuery('html, body').animate({ scrollTop: l_obj_Target.offset().top - window.innerHeight * 0.2 }, 380); } }<\/script>","protected":false},"excerpt":{"rendered":"<p>Want to know why hemp CBD has earned strong sales growth in the natural health and wellness sector? 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