While the hemp-derived cannabidiol market presents a substantial growth opportunity for food, beverage, and dietary supplement companies, there is much you need to know.
Last month, Sequoia Analytical Lab, Sacramento, was caught faking pesticide test results, and as a result, tens of thousands of pounds of marijuana and other products were recalled.
When "The Alice B. Toklas Cook Book" was first published in 1954, it included a recipe for "Haschich Fudge," made with black pepper, nutmeg, cinnamon, coriander, dates, figs, almonds, peanuts, sugar, butter and "a bunch of canibus sativa (sic)."
Many members of the traditional food and beverage industry—in both manufacturing and from the supply chain—have been reluctant to enter the market due to incongruences related to federal vs. state legal status, the unfamiliarity of the territory, restrictive banking options for legal cannabis businesses, limits imposed on advertising and social media, and other hurdles.
Arcview Market Research and BDS Analytics predict that combined medical and recreational legal cannabis sales in the U.S. will top $11 billion in 2018. And according to the 2017 "Marijuana Business Factbook" from Marijuana Business Daily, by 2021 U.S. sales are anticipated to top $17 billion.
Take a look at how Otis Spunkmeyer responded to the deadline to remove partially hydrogenated oils from their food products and the impact on their brand.