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Plurality of Consumers Spend Less Than $50 on CBD Products Per Month

According to New Frontier Data’s 2020 U.S. CBD Survey, which recorded more than 4,000 responses, 45% of CBD consumers spend less than $50 on CBD products per month, compared to 29% who spend $50 or more.

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Posted by Brian MacIver

October 29, 2020

Fast Stats Fmt — Note: Respondents who answered “don’t know” were excluded. Source: New Frontier Data
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Supreme Court Allows Fired Truck Driver to Use Federal Racketeering Law to Sue Cannabis Company

Supreme Court Inches Toward Allowing Fired Truck Driver to Use RICO Law Over Failed Drug Test

Charlotte's Web CBD Products Now in 827 Walmart Stores Across 5 States

A2LA Partners With National Industrial Hemp Council For Lab Testing Verification Program

Supreme Court Allows Fired Truck Driver to Use Federal Racketeering Law to Sue Cannabis Company

In a 5-4 split, the U.S. justices ruled the driver, Douglas Horn, could bring a civil lawsuit against Medical Marijuana Inc. under the RICO Act.

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Supreme Court Inches Toward Allowing Fired Truck Driver to Use RICO Law Over Failed Drug Test

The truck driver claims a hemp-derived CBD product he consumed was falsely advertised as having no THC, causing ‘injury to business.’

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Charlotte's Web CBD Products Now in 827 Walmart Stores Across 5 States

The company debuted its new topical collection this month in California, Illinois, Florida, Texas and Pennsylvania.

Charlotte’s Web Debuts at Walmart with New CBD Topical Collection

A2LA Partners With National Industrial Hemp Council For Lab Testing Verification Program

The partnership will help the industry move forward with consistent testing practices that promote consumer safety.

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Council for Federal Cannabis Regulation Proposes to Congress a Framework for FDA to Regulate CBD

The council submitted a 26-page response to a formal request for information calling for immediate regulation under existing law.

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DEA May Propose Regulations That Would Threaten the Hemp-Derived Cannabinoid Industry and Cast a Dark Cloud Over CBD Industry

The federal agency announced in early May that it plans to soon propose new rules that would classify synthetically derived cannabinoids as controlled substances and would decontrol CBD up to 0.1% THC on a weight-to-weight or weight-to-volume basis.

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Hemp Numbers Plummet Across the Board in 2022 USDA Acreage and Production Survey

The value of industrial hemp totaled $238 million in 2022, down 71% from $824 million in 2021.

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US Lawmakers Reintroduce Bipartisan Bills to Regulate CBD

The reintroduction of the measures comes after the FDA called on Congress to regulate CBD in dietary supplements, conventional foods and animal products.

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How 22nd Century Group Supplies Cannabinoids for Clinical Trials

Amid the FDA’s evolving guidance, the plant biotechnology company, which has long focused on the tobacco industry, has expanded to the cannabis space to create commercially desirable cultivars.

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UPDATE: Hong Kong Bans CBD

Starting Feb. 1 any individual who manufactures CBD products could face a maximum penalty of life imprisonment and a $5 million fine.

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Finding the Best Path Forward: FDA’s Norman Birenbaum Talks Hemp-Derived Product Regulation

The FDA’s senior public health adviser discusses the agency’s recent announcement that Congress must establish a new regulatory framework for hemp-derived products—and what comes next.

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FDA Calls for Congress to Regulate CBD

The federal agency said it does not plan to pursue rulemaking allowing for the use of CBD in dietary supplements, conventional foods, or animal products.

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