Here are the next 7 things you can look forward to potentially happening in 2019 with CBD!
8. CBD Products On The Shelves Of Large Retailers
CBD products could soon find themselves on the shelves of some of the largest retailers in America.
Walmart and Target currently sell hemp-based products, but these do not contain CBD.
In September 2017, Target sold CBD products from CW Hemp—one of the most well-known and largest CBD brands in the industry—for one week before discontinuing the items because Target had its mind on the cannabinoid.
Now nearly a year and a half removed from that event, retailers will likely take another look at offering CBD products from the most reputable brands.
9. Distinction From Marijuana
Since CBD is found in both marijuana and hemp, it has taken time for people to understand that hemp and CBD are distinct from marijuana and THC, respectively.
However, now that hemp is becoming more commonplace in American agriculture and popular with consumers, people are beginning to separate hemp from the negative connotations of marijuana and getting stoned.
In 2019, CBD is poised to create a name for itself distinct from THC, and everything else.
10. Societal Acceptance
In 2018, CBD made great leaps toward legitimacy and social acceptability.
Mainstream companies entered the CBD-infused beverages and food sphere, the FDA approved the first CBD-based medication, prominent figures endorsed CBD, and the 2018 Farm Bill fully legalized hemp.
With so much momentum behind the substance, CBD will likely continue to gain societal acceptance with many more people.
11. FDA Regulation
As with all nascent industries, some questionable enterprises are running around in the CBD circle.
This is mostly due to the lack of regulation for the industry, which has opened the door for untrustworthy companies to produce products with little to no CBD.
The FDA has sent warning letters to companies who have made claims about CBD’s ability to treat conditions and illnesses, forcing them to retract these claims or face harsh consequences.
While the pending FDA regulatory framework will not eliminate all dubious businesses from the CBD scene, it will help keep companies accountable.
12. GMP Certifications
Good Manufacturing Practice certifications indicate that a company operates at or above the regulatory requirements of the FDA for a given industry.
While some CBD companies have this certification, several others do not.
Some of the reputable CBD companies we have spoken with are planning to receive their certifications this coming year, which will help inspire trust in the safety and efficacy of their products.
13. More Company Transparency
With the impending regulations from the FDA, CBD companies will need to be more transparent in how they conduct their operations.
Increased transparency will help consumers discern which brands deserve their business and offer insights into the quality of a company’s offerings.
14. Insurance And Bank Access For CBD Companies
Thanks to the 2018 Farm Bill, companies creating hemp-derived products will now enjoy access to insurance and banks.
This will likely lead to the formation of new CBD companies and the growth of existing ones.
Additionally, hemp farmers can now receive insurance for their hemp crops along with grants for research, just like other farmers.