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Large-Cap Company Eyes Breakthrough in CBD Industry

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CBD Industry for large cap company

The cannabis industry is on a consistent and upward rise, with Wall Street forecasting a five- to an eighteen-fold worldwide increase in sales by the next decade’s end. However, it’s not only the dried flower that drives the trend but rather the cannabidiol sales worldwide, including the US.

Many brands have taken a spot in the booming CBD industry, but new players are joining in on the craze by marketing as a CBD stock to the public.

The newest entrant in the CBD market

$12B large-cap company International Flavors & Fragrances, listed as IFF in NY stock exchange, is the latest brand to join the ever-expanding CBD industry. It is famous for manufacturing flavor compounds that are used in food and beverages, and as well as fragrance scents, beauty products, and household items. This time, they eye a spot in the market as CBD stock.

The International Flavors & Fragrances (IFF) has recently partnered up with CBD company Neptune Wellness to co-produce CBD products derived from hemp in the US. The collaboration is set to be beneficial for both companies, considering IFF’s expertise in product formulation and Neptune Wellness being a leading extraction-service provider.

However, IFF isn’t the only surprising entrant into the CBD industry. Some well-known retailer companies are cashing in on the popularity of such products. For instance, brands like American Eagle Outfitters, Abercrombie & Fitch, retailer Designer Brands, and big grocery chains like Kroger, are attempting to claim a spot as a player in the CBD market.

Some of the big players in the field

The CBD industry is expected to grow into a $24B market in around four years, and some brands have successfully cemented their place.

Leading pure-play cannabidiol stock company, Charlotte’s Web, holds the highest CBD percentage share in the US. They increased their hemp acreage of up to 187%, from 2018’s 300 acres to this year’s 862 acres. Their products are sold in over 8,000 shops across the country.

Furthermore, they hold a 1,350-store partnership with Kroger, which makes Charlotte’s Web hit it big in the industry.

Another key player is Canopy Growth, which provides a huge chunk of the world’s marijuana stock by market cap. Their market base is in Canada, but are taking huge strides in entering the US hemp industry. In January, they received their New York hemp-processing license, which helps open up their products to more than six states before 2020 ends.

IFF partner Neptune Wellness Solutions is also a trusted company that extracts substances from cannabis and hemp biomass. Some of these are resins, concentrates, or specific cannabinoids that can be developed into derivative products at a high margin.

The said company successfully acquired SugarLeaf, enabling them to process 1.5M kilograms per year.

What spurs the US CBD trend?

Cannabidiol or CBD extracted from hemp is quickly earning the spotlight due to its non-psychotropic property. Although hemp is derived from the same source plant as marijuana, it does not cause the high that users experience since it does not contain high amounts of the tetrahydrocannabinol (THC), which is responsible for the said psychoactive effect.

Hemp is also considerably easier to grow and cheaper to produce, which is why it is the preferred variety for CBD extraction.

It could also be chalked up to the signing of the 2018 Farm Bill, which legalized hemp and its derived products on a federal level.

Based on a forecast study by the Brightfield Group, hemp CBD is expected to rise into a $23.7B market by 2023 in the US. It’s the primary reason why several companies, expected or not, are trying to punch their way into the CBD market these days.

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CBD Pillows: Is the Trend Getting Out of Hand?

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Cannabidiol or CBD has achieved a substantial following in the marketplace, with many users touting its efficacy. One alleged benefit of CBD that creates a buzz is improved sleep, which is a strong reason why people want to try it.

The usual forms of CBD that are popular among buyers are CBD-infused gummy bears and CBD oil capsules or tincture. As trends go, manufacturers get creative by making CBD pillows that target individuals suffering from poor or deprived sleep.

Consumer reports

A Consumer Report survey conducted recently revealed that 10% of Americans have used CBD products to improve their sleep. However, many of the respondents are yet to try CBD pillows, which in itself has an interesting concept.

In a study showcased in the journal Medicines, 409 respondents with insomnia initially rated their condition at 6.6 on average, with ten being the most severe. They were then treated with CBD in different combustion methods. The average rating after treatment went down to only 2.2, a significant decrease from the start.

However, there are still many questions regarding CBD for sleep, including the dosage, route, and timing. The effect of CBD in the sleep pattern of an individual also varies on a case-to-case basis.

Recent studies show that cannabis compounds can interact with the endocannabinoid system, or the receptors in the body, which include the brain. It is suggested that CBD affects the sleep and wake cycles due to one of these said receptors.

The CBD Pillow

The CBD pillow, the new addition to a broad range of cannabidiol products, works through micro-encapsulation. It is the process of capturing microscopic CBD particles into capsules that protect the substance from oxidation, evaporation, and contamination. It can only be released via friction, specifically your head on the pillow.

The released CBD is then supposed to be taken up through skin and hair follicle absorption. By theory, more CBD can be released if you are more restless when sleeping.

As of writing, two companies have started marketing the micro-encapsulated CBD pillow, namely Brookstone and CBD Pillow.

How it helps

Cannabidiol is one of the most popular cannabis derivatives, taken from the source plant Cannabis sativa L. that also produces marijuana. It contains tetrahydrocannabinol (THC), the substance that causes psychoactive effects for cannabis users. However, CBD has little to no THC content, which makes it non-intoxicating.

CBD is thought to interact with the endocannabinoid system, which then prompts several physiological reactions, including appetite, pain, and mood.

CBD Pillow VP of Content said the pillow is made to release CBD micro-doses for many days to help the user sustain a healthy nighttime routine. It also aims to introduce CBD and its number of alleged benefits, which includes sleep.

The prominent issue, however, is that most pieces of evidence are anecdotal. There aren’t many studies and research that offer solid proof regarding CBD’s benefits. The FDA is yet to present a framework for the use and sale of CBD, which industry players feel should be hastened so that more people can try cannabidiol for themselves.

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CBD User Sues Former Employer for Firing Her After Testing Positive for Marijuana

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A drug counselor from San Antonio who uses cannabidiol oil as part of her treatment regimen for multiple sclerosis has sued her ex-employer for sacking her following a positive result on a marijuana test.

The 48-year-old addiction counselor, Melanie Farr, works for a Management and Training Corporation in Utah, an institution offering rehabilitation programs that cater to incarcerated persons.

CBD oil for MS

Melanie Farr started using CBD oil last year, placing several drops under the tongue to alleviate her symptoms of multiple sclerosis. This condition is lifelong and debilitating, wherein the immune system starts attacking the body, resulting in damaged nerves in the spinal cord and brain.

In a statement to the San Antonio Express-News, Farr stated the CBD oil helped ease her pain and correct her gait, and even reduced her blood pressure.

The lawsuit filed by her legally cited her capability to perform on her job despite suffering from MS, stating that the disease could have had limited her from performing in her daily activities such as balancing, walking, working and caring for herself.

Farr stated her bosses knew that she was using CBD oil for her MS. She maintains that they have discussed it many times. She also pointed out that she has taken cannabidiol while working for the company for a long time.

She insisted that no one had ever asked or mentioned that she looked high while on the job.

Farr is a licensed counselor for chemical dependency since October 2018 and has been assigned to handle prisoners from the Dominguez State Jail in San Antonio. Her company is in contract with the Texas Department of Criminal Justice.

False-positive drug test

Farr’s physician suggested she try using cannabidiol to alleviate her MS symptoms. In the lawsuit, she stated that CBD oil has helped her walk better since her pain has lessened.

Last February 14, 2019, Farr underwent a random drug test sanctioned by her employer. She mentioned that she was taking CBD oil as per doctor’s recommendation to the administering technician. A week after the test, her results came back positive.

Despite providing a doctor’s note and several news articles showing false-positive incidences of CBD users being subjected to a drug test, the firm still fired Farr on March 8, 2019.

Atty. Michael V. Galo Jr., Farr’s lawyer, filed the lawsuit last February 20 in the San Antonio Federal Court. He cited the company’s unlawful discrimination against Farr’s condition.

The company is being accused of reckless indifference or malice towards the patient’s rights, which is stated on the Americans with Disabilities Act.

In a report published by researches in the Journal of Analytical Toxicology, a third of vape users with CBD-laced tinctures had gotten positive urine drug test results. The proponents hope the study will warn CBD users of the implications of drug testing, particularly when taking products that have unclear THC content.

John Hopkins School of Medicine associate professor Ryan Vandrey stated the perception that CBD products are THC-free is not always true. Roadside, workplace or criminal justice testing purposes could come up positive despite CBD being touted as non-intoxicating and legal under federal laws.

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Four-time Champion Iditarod Musher Gives Race Dogs CBD Oil

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Some 800 dogs have started the 975-mile journey with their mushers to conquer the Iditarod Trail Sled Dog Race on Sunday. Four-time winner Lance Mackey made news when he revealed giving CBD oil to his dogs against head veterinarian’s advice.

Mackey declined the suggestion, citing cannabidiol being excluded in the banned substances list found on the competition’s rulebook.

Enhancing recovery times

Lance Mackey, currently in fifth place at the Iditarod Trail Sled Dog Race, revealed to the Anchorage Daily News that he has been giving his race dogs cannabidiol oil to improve their performance and recovery times.

Iditarod head veterinarian Stuart Nelson has discouraged the use of CBD oil for competing dogs. Still, Mackey went against advice, saying there is nothing in the race’s rule book that mentions CBD oil as a banned substance.

Cannabidiol, or CBD for short, is a derivative of Cannabis sativa L., which is also the source plant for marijuana, an addictive substance containing high tetrahydrocannabinol (THC) compound. On the other hand, CBD is non-intoxicating due to a shallow THC content that causes the high.

CBD for pets has become a famous market currently, with owners praising its health and wellness benefits for animals. It is commonly used to manage pain and treat seizures, among others, despite the federal government’s lack of official standards for the said substance.

Mackey, a cancer survivor, considered getting medical marijuana treatment throughout his four-year consecutive victories from 2007. However, Iditarod barred marijuana use by 2010. He reasoned the other mushers were jealous of his wins; that’s why the ban was enforced.

In 2011, a year after the marijuana ban, Mackey bags his fourth consecutive championship.

CBD oil for pets

CBD oil has gained popularity over recent years for being a miracle remedy for many illnesses. Users have been lauding its efficacy to health conditions like arthritis, chronic pain, anxiety and more.

CBD manufacturers have entered the market successfully, producing a variety of products like lotions, gummies, tinctures, and others. CBD pet products have also found a great reception from owners who are curious about cannabidiol for pets.

Cannabidiol-based products for pets are mostly in the form of treats or oil. They are said to deliver promising results for alleviating pain and anxiety. However, there aren’t many studies to solidify the effectiveness of these items.

Pet experts advise that it’s best to consult with the veterinarian about the pet’s specific condition and evaluate whether CBD oil can be one of the viable options to improve their well-being.

About Iditarod

The Iditarod Trail Sled Dog Race started on Sunday, with Paige Drobney, a Pennsylvania native from Cantwell Alaska, taking the lead last Wednesday. She was the first to leave among the mushers at the Ophir checkpoint.

The first to reach McGrath checkpoint was Jessie Royer who received handmade items as a token for the milestone.

The oldest musher to enter the race, Jim Lanier, 79 years old and a retired pathologist, withdrew from Iditarod last Tuesday at Rainy Pass for his well-being amid the virus outbreak.

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