Natural Products Expo West Features CBD Products As Next Big Thing
Hemp based CBD items hit Lucky Brands shelves last year when no other big merchant would even think about offering the then questionable product. This week though, CBD products were featured at the Natural Products Expo West as the greatest natural product since Vitamin C.
Natural items are a $140 billion industry and CBD items are expected to be a leader in the industry already contributing $190 million in 2017. Its popularity is staggering not only for the amount of sales however also because simply a year ago it was thought about a taboo product and groups like Target chose not to have actually hemp based CBD products on their shelves.
“It resembles anything that’s innovative and on-trend and disruptive– it has the tendency to start in organic food shops, whether it’s pomegranate or plant protein or almond milk or CBD,” stated Todd Runestad, the ingredients and supplements editor for New Hope Network, the Boulder-based media business that puts on the exposition, now in its 38th year.
“This is the hottest product in the history of natural items, and there’s an opportunity for retailers to actually sink their teeth into this whole hemp category,” Josh Hendrix, director of company advancement for Las Vegas-based extract company CV Sciences Inc., told some 500 people in presence.
Natural and specialized retail stores represented roughly 14 percent of the $190 million in U.S. hemp-based CBD sales in 2017, inning accordance with inning accordance with Hemp Business Journal data provided Wednesday.
Hemp based CBD is not psychedelic and must not be confused with marijuana though the 2 plants are close cousins. CBD has been deemed non-toxic by the World Health Company and there is strong evidence that it has discomfort relief residential or commercial properties in addition to other prospective medical properties. Persistent discomfort is among the core difficulties facing the country and present policy directs clients to strong prescription based opioids that can be addictive. CBD or cannabidiol may be an intermediary solution to pain relief without the addictive nature.
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