The latest news about CBD is here:
- “Hello”, the Colgate brand, has introduced a line of CBD products.
- A report was released by the USDA to examine the hemp industry and its economic challenges, while also authorizing the hemp plans for two more states.
CBD News Stories
- ‘Hello’, the Colgate Brand, Introduces the Line of CBD Products
- A Report is Released by the USDA on Economic feasibility of Hemp Industry, Authorizes more States Hemp Plans
‘Hello,’ The Colgate Brand, Introduces The Line Of CBD Products
The Hello brand, recently purchased by Colgate, has introduced a line of CBD oral care products.
The products that launched include products such as toothpaste, mouthwash, and lip balms, that are available exclusively at Ulta Beauty.
In a press release, Craig Dubitsky, founder of Hello Products, said, “At hello we are proud to provide our brushers with creative that they brushers desire, and deliver them in ways that continue to impress and delight. It’s a considerably exciting moment for hello, and this new collection is a very enjoyable and fascinating way to broaden our product portfolio.”
Not long ago, hemp first entered the hemp industry in October 2019.
The company has launched many hemp seed oil-infused products, like mouthwash, fluoride and fluoride-free toothpaste, and flossing products.
In January 2020, Colgate has decided to buy Hello Products, LLC.
Noel Wallace, the President, and CEO of Colgate, said about the acquisition that they appreciated the Hello team and their impressive product range, and admire their deep engagement with younger consumers. With its unique place in the trend, Hello is a perfect complement to their Colgate and Tom’s of Maine brands and they looked forward to supporting its continued development and success.
A Report Is Released By The USDA On Economic Feasibility Of Hemp Industry, Authorizes More State Hemp Plans
A report analyzing the state pilot programs and the economic feasibility of the hemp industry has been released by the USDA.
Overall, report had found a significant rise in hemp production throughout the life of the pilot programs, from zero acres in 2013 to over 90,000 acres in 2018.
In 2019, the USDA recorded 146,065 acres of hemp as cultivated, the most in the US since 146,200 acres were grown in 1943.
However, the four major challenges faced by the program were also listed in the report.
The first is “creating State legislation that permitted the cultivation of hemp.”
Hemp can currently be cultivated in all states except South Dakota, Mississippi, and Idaho.
A second challenge is the state’s ability to access the resources necessary for hemp cultivation, such as herbicides, insecticides, and seeds.
Third, the patchwork of state pilot programs has contributed to a variety of national inconsistencies.
One such inconsistency—the fourth challenge—is the “lack of fundamental data and information required to make the decision.”
According to the analysis, “some States report hemp data by planned end use (i.e., fiber, grain, cannabidiol (CBD) or other extracts) while data is not reported by others.”
“There is a demand for hemp extracts for food and cosmetics, hemp seeds and protein as a food ingredient, and hemp as a sustainable natural fiber, but CBD oil has been the primary source of demand growth.”
Four principal factors determining the long-term economic feasibility of hemp are also reported in the study.
First, hemp will have a competition with other crops for land area.
The report indicates that “even if the entry barriers are limited, availability of more profitable options results in less cultivation of hemp by farmers.”
Second, the US will have competition with other nations for trading hemp and hemp products.
Since hemp has already been legal in other parts of the world, several nations have a lead on the US.
Nevertheless, China has been importing more American-grown hemp than usual for the next two years according to US-China trade agreement.
The last two factors are the “regulatory environment, and market information and transparency .”
The current regulatory environment stands to change as the 2020 growing season for hemp is regulated under its Interim Final Rule (IFR) by USDA to indicate any amendment in the policy it may make for its Final Rule.
The USDA says, one perspective of the IFR is that it will not alter the negligence level of THC, which can only be manipulated by Congress.
Since the agency greenlighted Washington and Wyoming this week, the USDA has approved hemp plans for eight states.
States with an approved plan now include: Wyoming, Washington, Texas, Ohio, New Jersey, Nebraska, Louisiana, and Delaware.
