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From the blog
It’s important to us that our customers know exactly how their CBD is produced, so this month we will be shining the spotlight on the CBD producers whose products we are proud to feature in our store. We will trace each of their production processes, from the hemp farm to our digital shelves. First up is a closer look at Medterra’s award-winning cultivation and production process.
Medterra’s Kentucky-proud hemp
The legal status of US hemp farming on a federal level has been a hotly contested issue in 2018. A new farm bill is currently moving through Congress that would make hemp a legal crop nationally. For now, Kentucky has the only federal program for hemp farming. Medterra has partnered directly with the Hemp Pilot Research Program and sources all its hemp from Kentucky through the program.
Last year has been a huge year for cannabidiol, and it’s hard to imagine that the market can sustain such an explosive trajectory into 2019. According to experts at cannabis research firm Brightfield Group, CBD could be poised to do just that. Their forecast puts CBD product sales at nearly US $24 billion by 2022 – 40 times the US $600 million racked up in 2018.
“We saw 80% growth in CBD this year and that was just from small- and mid-size retailers,” said Bethany Gomez, Brightfield Group’s Director of Research. “Now that larger retailers are already putting together their plans for what CBD products to carry, we expect the CBD market to hit $22 billion by 2022.”
Two major developments will act as a catalyst for this impressive growth over the next few years. There is the expected increase in sales from the states that held referendums in 2018 to legalise medical and recreational cannabis, all of which would include provisions for CBD in their legislation.
It can often be a mystery to figure out exactly how your CBD ended up in that pipette that you’re about to put in your mouth. Odds are that if you can’t easily figure out how it got there, the producer probably doesn’t want you to know. Transparency of the product supply chain is and should be an important consideration of CBD consumers.
To close off our month of producer spotlights, we’re going to rave a bit about Pharma Hemp, whose CBD supply chain is second to none in terms of transparency and sustainability.
Do You Have Experience With CBD?
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