2021 seen as a recovery year for hemp CBD | Natural Products INSIDER
2019’s overproduction is under the bridge. The USDA has weighed in, largely—but not entirely—positively. The FDA’s slow walk stands in the way. Peaks and valleys. Booms and busts. Hemp—and in particular its supplement darling cannabinoid called cannabidiol, or CBD—has been on a wild ride since the 2014 farm bill gave it an opening to the market. After the next farm bill was signed in December 2018, the next year was going to be a boom year. Hemp acreage planted shot up from 77,000 acres to close to half a million. Maybe it had too much too fast, but that was far too much hemp to a...
Source: naturalproductsinsider.com