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Global Hemp Industry Business News Articles and Press Releases.

CBD Market Report

HerbalGram, the acclaimed quarterly journal of the American Botanical Council, recently published its 2021 “Herb Market Report,” which included data on sales of CBD as an herbal ingredient in mainstream and natural retail channels in the United States. The combined total from both channels — $58,293,034 — does not include CBD sales in licensed cannabis dispensaries or CBD products, such as vapes, tinctures, gummies, and other edibles sold online. (E-commerce sales of CBD in the U.S. in 2021 reached $2 billion, according to Statistica.)

The following excerpt analyzes CBD marketing trends reported by the American Botanical Council, a membership organization that educates consumers, health care professionals, journalists, and others about the safe and effective use of medicinal plants. Visit this link if you are interested in becoming an ABC member, which includes a subscription to HerbalGram.

A Top Selling Herbal Supplement

In 2021, for the fourth year in a row, CBD was the top-selling herbal supplement ingredient in natural retail stores. CBD first appeared on the natural channel’s top 40 list in 2017, ranking 12th, after sales growth of more than 300% from the previous year. Despite its top rank in 2021, sales of this ingredient have slowed in recent years.

In 2021, CBD sales in the natural channel totaled $38,931,696, a 24% decline. This was somewhat less than the nearly 37% decline seen in 2020. Sales appear to have peaked in 2019, when natural channel consumers spent more than $90.7 million on these products. Still, even after two years of declining sales, natural channel sales of CBD in 2021 were still significantly higher than when the ingredient first appeared on the top 40 list. Consumers spent roughly $31.3 million more on CBD products in 2021 compared to 2017 — a 413.4% increase in annual sales.

The marketing data firm SPINS tracks sales of two separate cannabis-derived ingredients: CBD and “hemp seeds and derivatives.” According to the FDA, “hemp” is defined as Cannabis sativa with a tetrahydrocannabinol (THC) concentration of 0.3% or less. (THC is the primary psychoactive compound in cannabis.) Cannabis sativa with more than 0.3% THC is considered “marijuana” or “cannabis.”1 SPINS’ CBD category typically includes sales of products that contain hemp-based CBD extracts, including CBD oils, gummies, and capsules.

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THC & CBD-Rich Cannabis for Fibromyalgia

For all modern medicine can do, many mysteries remain unsolved. What is long COVID? Is there really such thing as a “cure” for cancer? And how to explain the surprisingly high prevalence of fibromyalgia, a debilitating, lifelong disorder of the central nervous system without a known cause that affects between 2 and 4 percent of adults worldwide?

In the absence of an answer — or a cure — treatment is the name of the game for fibromyalgia. No single drug yet exists to address all of the disease’s effects on the body, which can include widespread aches and pains, sleeplessness, fatigue, anxiety, and depression. Instead, patients turn to a mix of whatever individual medications, therapies, and lifestyle changes (especially exercise) help ease symptoms and improve quality of life.

On the drug front, anti-depressants, analgesics, and muscle relaxants might be prescribed. But there’s another option that can address mood, pain, and more at once, all with fewer side effects: cannabis.

It’s not a new idea. Researchers have been investigating the use of cannabis to treat fibromyalgia’s constellation of symptoms for decades, with early clinical trials in the 2000s1-4 suggesting a possible benefit of both pure THC and flower in managing the disease. Nor is it necessarily surprising, given the ability of cannabis to target the ubiquitous, homeostasis-seeking endocannabinoid system.

Recently published papers — a series of reviews, two human studies, and an animal study — only bolster the case that cannabis can help those suffering from this confounding condition. Still more may be forthcoming, including through a newly announced randomized controlled trial in the Netherlands that will compare cannabis, oxycodone, and a combination of the two for pain relief in 60 fibromyalgia patients.5

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Mental Health & the CB2 Receptor

What role does the endocannabinoid system play in emotional & cognitive disorders?

  3024 Hits

Cancer & the CB2 Receptor

A compound in cauliflower, cabbage, broccoli, Brussels sprouts, and other leafy greens exerts anti-cancer effects through the endocannabinoid system.

  3202 Hits

Cannabinoids for Tinnitus?

Exploring a novel treatment for phantom sounds.

  1643 Hits

Mechoulam on the Future of Cannabinoid Research

Raphael Mechoulam, the father of cannabis science, emphasized three key research areas to prioritize.

  1798 Hits

Ode to a Vanishing Handcraft

A review of Cannabis Textiles in Hemp Garden Cultures by Git Skoglund.

  975 Hits

Celtic Hemp

Scholars document how cannabis came to Ireland.

  965 Hits

THC and CBD-Rich Cannabis for Fibromyalgia

New studies offer hope for treating fribromylagia with cannabis.

  1774 Hits

CBD Market Report

Market report shows that CBD remains a top-selling health supplement.

  1534 Hits

PEA: Anti-Inflammatory Superstar

PEA, a lipid neurotransmitter known as the “endogenous CBD,” is a powerhouse against inflammation and pain.

  1923 Hits

Outdoor or Indoor Grown Cannabis: What's the Difference?

New study comparing outdoor and indoor grown cannabis finds variations in phytochemical production.

  3011 Hits

Curaleaf Controversies

Curaleaf, the world’s largest cannabis company, is mired in scandals involving Russian oligarch money, product safety violations, and unfair labor practices.

  4417 Hits

CBD, THC & CBG for Skin Conditions

Cannabinoid compounds show promise in treating skin diseases, both as topical applications and as systemic medication.

  5398 Hits

Project CBD Responds to the FDA's 2023 Statement on CBD

The FDA announcement is riddled with disingenuous doublespeak.

  5271 Hits

Statins Dysregulate the Endocannabinoid System

Statin drugs cause muscle weakness and pain by suppressing cannabinoid receptor genes.

  6204 Hits

Cannabis and Immunotherapy for Cancer: Are They Compatible?

Cannabis and immunotherapy for cancer: a finding that could have major clinical significance.

  6211 Hits

Psychedelics, Endocannabinoids & Gut Microbiota

A deep science foray into LSD’s impact on the endocannabinoid system and the microbiome.

  4748 Hits

Three New Studies on Cannabis and PTSD

Growing numbers of PTSD sufferers are medicating with cannabis and finding it helpful.

  5230 Hits

Lend Us a Hand If You Can

Join the fight against the stigmatization of cannabis, as well as the snake-oil promoters that mislead consumers.

  7730 Hits
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