The latest on CBD edibles: sales booming, but no science or regulation
I’m watching what’s happening with Cannabis edibles with much interest. Sales are booming. Regulators are stymied. Regulation is virtually absent—nobody seems to know how—and science, alas, hardly exists.
BakeryandSnacks.com fills the information gap with an Editor’s Spotlight on CBD [cannabidiol]-Infused Snacks, from the business perspective, as always.
- LISTEN: Nanotechnology opens avenues for high-potency CBD-infused bakery and snacks: Infused By Epic has debuted a novel bioavailable CBD delivery system that can be incorporated into snacks and baked goods. Read more
- Marijuana ‘munchies’ tick up US snack sales: Nielsen has reported there has been a notable pick-up in the consumption of the so-called ‘munchies’ in US states where marijuana is legal, which has boosted the sales of snacks. Read more
- LISTEN – Snacks with attitude: Should producers jump onto the CBD craze? The rush to the so-called ‘shining new kid on the block’ – as Marcia Mogelonsky, director of Insight at Mintel Food and Drink terms it – has ignited like a wildfire and everyone is talking about it. But will it make vogue status? Read more
- NatureBox sells out CBD Wellness snack line in first week: According to the online snack brand, thousands of Americans signed up for early access to a limited release pre-sale of its CBD-infused fruit snacks. Read more
- Will CBD-infused snacks help Mondelēz regain traction in its developed markets? The multinational snack maker is in the early stages of assessing how CBD could fit into its future product portfolio, according to CEO Dirk Van Put. Read more
- SNAAK Bar launches first-ever hemp CBD sports bar on US market: California-based SNAAK Bar has partnered with CV Sciences Inc. to create two new hemp-enriched nutrition bars designed to optimize sports performance. Read more
- NightFood explores CBD-infused snacks for better sleep: NightFood Holdings is currently researching cannabidiol’s (CBD) medicinal benefits for sleep, hoping to develop or acquire a line of infused snacks in 2018. Read more
- Growing against regulations: Cannabis edibles industry’s significant profit margins are yet to be seen, Colorado marijuana bakers said: Experts from the cannabis edibles industry have shattered the popular belief that manufacturers of cannabis-infused bakers are able to make large profit margins due to the growing cannabis market. Read more
- It’s all about understanding the consumer and offering the right snack at the right time for the right occasion: This year, Barcelona in Spain played host to Snackex 2019, the 18th edition of Europe’s only international business event dedicated to the savory snacks sector. Read more
And I’ve collected a few more from other sources.
- ‘The prevalence of questionable products may inspire a tsunami of class action litigation…’ The regulatory path forward for CBD: While not everyone was on the same page about the legal path forward for hemp-derived CBD during Friday’s marathon FDA hearing, multiple speakers made clear that the current situation is untenable, with one predicting a wave of lawsuits, and others demanding that the agency either crack down on companies marketing such products, or explicitly spell out that existing regulatory frameworks can accommodate them… Read
- Insufficient scientific research & labeling constraints could limit use of CBD in food, supplements: When it comes to legally marketing conventional food and dietary supplements with CBD and other cannabis-derived compounds, FDA and industry appear stuck in a catch-22… Watch now
- ‘Virtual knockoff’: Mondeléz Canada warns of growing trend towards marketing edibles by ripping off popular snacks and candies: While imitation may be the sincerest form of flattery, ripping off a beloved children’s candy brand (SOUR PATCH Kids) in order to sell THC-infused gummies is no laughing matter, says Mondeléz Canada in a trademark infringement lawsuit against edibles brand STONEY PATCH..
- Cannabis sales could hit $41B by 2025, Nielsen predicts: The research firm found the variety of products has grown significantly in four years — jumping from 166 brands in 2014 to 2,600 last year.And if you are really interested in this topic, and have a spare $1995 lying around, you can buy the Nutrition Business Journal’s Hemp and CBD Guide.
And here’s a free White Paper on Cannabis edibles—a cross-industry analysis.