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Retailers Walk The Safe Path With CBD Infused Beauty Products

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CBD infused Products

Mainstream retail agents are slowly opening up to the vast possibilities of CBD or cannabidiol for manufacturing beauty and wellness products. CBD is extracted out of hemp and does not cause a high like that of marijuana. These products are gaining record popularity amidst legal confusions for being of great assistance in helping tackle sleep problems and reducing anxiety.

 

Key Statistics

Although the legal status of CBD remains under a veil of confusion, retailers are trying to reap the biggest benefits out of this booming industry. As per Investment firm Cowen & Co., retail sales of CBD consumer products are estimated to have crossed over $2 billion in 2018. This figure is expected to hit the $16 billion mark within 2025.

 

CBD Future Plans

Growing demand has led to a market filled with CBD infused offerings ranging from bath balms to dog treats in the past few months. Martha Stewart a domestic diva has been associating for the past few months with Canada’s Canopy Growth Corp. for coming up with fresh bunch of CBD products.

Simon Property Group, one of the nation’s largest mall owner collaborated with a manufacturer of CBD goods to open around 100 kiosks within mid-summer in its U.S. malls. Similarly, Authentic Fitness is targeting the fall months for launching its CBD oils, foot creams and soaps under the brand name of Nine West. CVS Health is also going to initiate the sale of CBD-infused lotions, creams, salves and sprays in its 800 plus stores sprawling across its seven states. Its big-time rivals Rite Aid and Walgreens are also expected to follow suit in days to come.

 

Economic Prospects

The high-end CBD retailers can charge anything ranging from $12-$150 per ounce for their offerings. While Barneys New York has sprung up an outlet in Beverly Hills, California for selling CBD-infused creams apart from accessories like hand blown glass bongs, Neiman Marcus has added to its existing product line-up with five new CBD-infused lotion soaps, balms and masks.

Matthew Mazzucca, the creative director at Barneys New York was quoted as saying that, “There’s definitely a huge opportunity for expansion.” However, he was aware of the legal hurdles which can slow down the entire process.

 

Safe Attitude

Brands like Walmart are placing a safe bet by waiting for accompanying legislation to take shape. Target on the other hand is currently monitoring the situation. It is imperative note here that Target sold products having hemp extracts in 2017 but yanked them once the legislative setup started getting heated up.

Online giant Amazon is also steering clear of CBD related products as of now. According to its spokeswoman Cecilia Fan, the company presently prohibits the sale of CBD-infused products and remove them as and when the same gets posted on their portal.

 

Health Perspective

CBD is known to treat anxiety and pain while also assisting people suffering from sleep deficiency so that they can concentrate more on upcoming work. However, most of these studies were conducted on mice and rats in test tubes which creates serious doubt regarding its authenticity and applicability on humans. Although research has also been conducted on humans, the number is not substantial enough.

 

Shoppers Beware

Drugs which have passed the scrutiny of U.S. Food and Drug Administration can be marked as completely safe and effective means of preventing diseases and treating medical conditions. But in many cases, CBD-manufacturers try to trick the general public by beating around the bush with misleading and confusing words.

Kit Yarrow, a consumer psychologist and professor at Golden Gate University in San Francisco feels that, “We are a more anxious society and people are looking for cures. There’s a growing distrust in business and pharma and so people are wanting to find cures that seem more real and wholesome.”

Former food scientist from Indianapolis, 46-year-old Amy Nichols has been using CBD oils for fighting various symptoms of an autoimmune illness for quite some time now. “For me, this is a more natural solution to treating symptoms that I am having instead of taking pain killers,” added Nichols who is presently working as a sales representative of the CBD oil brand which she has been using for health benefits. “I have more energy. I get more done. I am in less pain. I am more active,” she happily concludes.

 

Patchy Legislative Framework

The regulatory framework pertaining to CBD has been varying between states and cities. The regulators of New York city have completely prohibited outlets from selling CBD-infused beverages and foods. Retailers have also been threatened with levy of hefty fines if they break the guidelines by any chance. States like California and Ohio have also followed suit.

The governor of Maine on the other hand has signed an emergency bill for showing a green signal to the production of CBD-infused products after warnings were given by state inspectors for pulling them off shelves earlier this year. A farm bill was passed in the latter half of last year which gave regulatory authority to the U.S. Department of Agriculture and several of its states to regulate the production of industrial hemp thus opening the floodgate for production of more hemp-derived CBD products.

However, FDA was given the ultimate authority to regulate food supply. The agency recently warned about the illegality of adding THC or CBD to any form of animal or human food or beverages. Even dietary supplements with CBD infusions have been branded with an illegal tag.

 

Bottom Line

Bigger market players like Walgreens and CVS have decided to go ahead with lotions and creams as FDA has not expressed any concern in this department. Others are taking a chance and selling CBD-infused supplements and drinks with the hope of earning profit. Whitt Steineker, a Birmingham, Alabama, attorney feels that,“They have determined the reward is worth the risk.”

Although the landscape of CBD future still remains unclear with further scope of guidance and rules for being written, Steineker holds the view that, “Now that hemp is legal, I think the USDA and state departments of agriculture are interested in seeing what type of crop it will be and what its applications are. They’ll move with the speed governments often move with … (but) by the 2020 growing season, people will have a better understanding how to operate within the law.”

 

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Policy

CBD Sellers Say New CBD Law Protects Consumers

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Cannabidiol (CBD) sellers from Long Island believe that the new state law signed by Gov. Andrew M. Cuomo will defend consumers from dangerous products by aiding them in making informed choices and purchases.

Users laud CBD for being a therapeutic reliever for anxiety or pain without the psychoactive effect that its cousin marijuana causes.

The legislation passed last December require hemp businesses to test their products and label them appropriately. It also created a state-permitting process for hemp growers, processors, retailers and companies that are planning to sell hemp extracts and other hemp-related products like CBD.

CBD oil and cream are found by users to help in promoting sleep, aside from its alleged pain-relieving properties. However, there is little scientific research to back the claims made by consumers.

The new CBD state law

The newly signed measure allows the Department of Agriculture and Markets management over hemp cultivation, while the Department of Health has direct supervision over hemp extracts. The law will take effect on March 9, after 90 days following the signing of the bill last December 9.

The new legislation does not affect licensed hemp growers immediately. It also does not alter the state policy that prohibits the infusion of cannabidiol to food and beverages, according to a Department of Agriculture spokesperson.

Shop owner Jessica Naissant who sells locally manufactured CBD products like oils, soaps, lotions, and candles fully supports the new law. She believes that CBD is only a micro-dose of cannabis, which means that it does not cause a high that is a widely known effect of marijuana. She further stated that consumers need to know that the CBD products they buy are safe and from credible sources.

Naissant has the company’s products like topicals and oils independently verified by a third-party laboratory. Her shop only stocks CBD products that come with a certificate of analysis, which shows how much CBD is incorporated into the product.

The Food and Drug Administration (FDA) has given caution to buyers in September about CBD products that were falsely labeled and contained more or less of what the product claims to have. It was after the agency found out through tests conducted on several products sold in the market today.

Concerns from the market players

Despite the law, some market players worry that the cost of securing permits and tests will block small businesses from successfully entering the industry.

Cuomo’s office stated that the cost of securing state permits is not yet decided. In a statement made by the governor, the state is planning to hold a hemp summit to discuss priorities and policies regarding the CBD industry, which will likely happen in January.

CBD manufacturing company owner and CEO Craig Zaffe said that the law would benefit both sellers and consumers. Zaffe is also the owner of an online CBD retailer, CBDoilsofLongIsland.com. He stated that there are numerous cannabidiol products in the market, but many of them are falsely labeled. Some have misrepresented CBD levels.

Zaffe remarked that credible companies that take the time and effort to produce legitimate products that don’t cut corners are on the losing end of the current market condition. Consumers are also in danger of buying harmful CBD products because of no standard vets for product quality.

ACD Health and Wellness, Zaffe’s company, enlists Colorado-based Botanacor CBD testing laboratory for its products and commissions Oregon farms as its hemp source. Its customers can access lab reports upon request.

Zaffe believes that succeeding in the industry means caring for the people and being ahead of regulations.

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Former NBA Player Pushes for Lawful CBD Use in the League

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CBD in the NBA

Al Harrington, a former NBA player, attended the Las Vegas MJBizCon, the biggest convention for US cannabis trade, expressed his firm belief that cannabis is a healthy medical option for professional athletes.

Advocates like Harrington have been pushing for leagues to allow cannabis use. As a response, Major League Baseball has recently announced that it will stop testing in the minor leagues for marijuana use.

Harrington’s CBD advocacy

Harrington is the founder of Viola, a cannabis company championing for the use of cannabis to alleviate pain, among other alleged therapeutic benefits. He stated that a player’s day-to-day pain management problems could be answered by cannabis.

He also added that the use of natural options is nowhere near dangerous compared to prescribed pain relievers and opioids after surgery, which are addictive.

Recreational marijuana is now lawful in 11 states, including D.C., and medical marijuana is allowed in 33 states. Harrington, a pro-marijuana advocate, trusts the less psychoactive cannabidiol or CBD will be easier to accept by the NBA.

Harrington along with co-founders Sanford Kunkel, ex-physician of the Indiana Pacers and Joe Abunassar, NBA trainer, established Harrington Wellness. The brand features hemp-derived CBD that has less than 0.3% of tetrahydrocannabinol or THC, the compound responsible for the high in marijuana.

Harrington believes that 90% of NBA players support cannabis and would be the backing they need to reach their goals. He relayed how cannabis helped him walk pain-free after undergoing 13 surgeries during his 16-year career. After retiring in 2014, he considered coaching but ultimately felt that founding a cannabis company was his calling.

An open secret

Michele Roberts, National Basketball Players Association executive director, sees a policy change in the league following the upcoming presidential elections. NBA Commissioner Adam Silver has also relayed the willingness of the league to reevaluate the ban after reviewing medical marijuana. The NBPA Anti-Drug Program currently bans CBD and other marijuana-related products.

Antonio Harvey, a former NBA player, reaffirms that players don’t use cannabis because of its addicting property. He said athletes typically use it to cope with pain from playing the sport. Harvey now has his cannabis company, Terra Mater Cannabis.

Harrington was introduced to CBD back in 2012 and later used THC, for which he was open about smoking weed up to his final career year. He even had a cannabis greenhouse in Denver.

Isaiah Thomas, a Wizards guard, stated that players using cannabis isn’t a secret even if he does not use it himself. He said that other players talk about using it all the time. Even GSW Coach Steve Kerr also claimed to have smoked marijuana two times for extreme back pain.

Harvey has already secured 17 endorsement commitments from other retired athletes for his edible THC-dosed product, Legend.

Moving forward

Harrington has been in talks with NBPA regarding a possible team-up with his cannabidiol brand. Roberts is aware of the trend and sees the league be more amenable to CBD, which does not violate federal laws.

Roberts stated that the league and NBPA are on the same page regarding the amendment of current rules on cannabis. There is no aversion, Roberts adds, but the need to eliminate the possibility of jeopardizing the players.

Then secretary-general Jeff Sessions rescinded a policy discouraging prosecutors from interfering in states where marijuana was legal. The impending threat from the Justice Department has shelved the talks in the league regarding the removal of the cannabis ban. Roberts pointed out that the decision to stop testing for marijuana might progress, but it will not be anytime soon.

Medical professionals acknowledge CBD as a pain management option other than opioids. The most recent fatal opioid overdose incident happened earlier this year when Tyler Skaggs, 27-year-old Los Angeles pitcher, died from oxycodone and fentanyl. CBD, on the other hand, is not addictive.

Peter Grinspoon, Harvard Medical School faculty associate and Doctor for Cannabis Regulation board member, stated how CBD should be allowed for athletes since it is a safe alternative than the “junk” the players typically use.

However, CBD is yet to be officially recognized by the FDA as a treatment for many health conditions.

Harrington still believes that the partnerships he builds with outspoken players from the four major leagues can change the sport and lives of the athletes.

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2020 to Bring Changes for Ohio CBD Users After First Run in 2018

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Key players involved in Ohio’s Hemp Program like state regulators, farmers and patients expect an eventful 2020.

CBD users who are registered under the state’s highly-regulated Hemp Program and use medical marijuana to cure pain and other medical conditions are in for some significant changes in the market. Competition might become stiffer as new entrees join the cannabidiol craze, adding to the products in store shelves that started to flourish since the 2018 Farm Bill was passed.

Hemp program in Ohio

The 2018 Farm Bill was passed by the federal government in December 2018 and indicated states to establish their respective hemp programs to ensure compliance, as confirmed to Jen Lynch, Ohio Hemp Association President.

According to Lynch, the association coordinated with Ohio lawmakers to create a program that would enable CBD businesses to survive and thrive in the expanding market.

Senate Bill 57, drafted earlier this year, was signed by Governor DeWine last July, successfully passing it as state law.

The bill worked to create a system that allows the Ohio Department of Agriculture to hand out licenses and monitor growers of hemp. It also gives control over businesses that work to extract cannabidiol from raw plants and how such products are to be sold to patients.

CBD products cultivated and made in the state are legal to carry across state lines, as opposed to the products created under the Medical Marijuana Control Program of Ohio.

Executive director David Miran of the Ohio Hemp Program stated that new markets would open up to cultivators and processors from the state. These markets can be found outside Ohio.

Changes in the market

The hemp program was most successful in 2019, and it looks to grow more in 2020 as the licensing process for hemp cultivators will start early next year.

Before the legalization of hemp through the Senate Bill 57, however, News 5 has revealed that some stores unlawfully sold CBD products in Ohio. Some CBD oil brands were displayed on store shelves last May even when the Board of Pharmacy indicated that these products are only to be distributed through state-run dispensaries.

Terri Gerhardt, Ohio DA Food Safety chief, said that while the program was established, it lacked funding. He further stated that the department wasn’t able to move accordingly because it had no money.

It was only recently that DA secured funding for CBD testing, which is bound to be initiated early in 2020.

Additionally, farmers will commence planting hemp on their farm lots starting in 2020. Some farmers told News 5 that there might be some changes, including equipment, to ensure that they are ready to handle hemp crops. However, trade negotiations that threaten revenue from soybeans and corn could be a convenient time for farmers to grow hemp instead.

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