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Despite Confusion Over CBD, Sales Projected to Grow

The source and legality of CBD products can cause confusion to consumers, but product sales are expected to reach $20 billion in the US by 2024.

Cbd Diffusing Oil

According to PMMI Business Intelligence’s white paper, “Cannabis Market Update: Unique Packaging Challenges for THC and CBD Products,” CBD is one of the more confusing aspects of the cannabis market for consumers. CBD can be produced from either hemp, which contains less than 0.3% THC and is less regulated, or flowering marijuana plants, which have THC levels above 0.3%.

In 2018 the growth, processing, transportation, and sale of hemp became fully legal in all 50 states. In Canada, hemp has been legal for decades. The legality remains confusing, however, as there is currently no legal way to sell ingested hemp-derived CBD products outside of dispensaries. Creams, salves and balms are legal to sell, but CBD as an ingredient in food (including pet food) or beverage technically remains illegal to sell in a retail setting.

It is expected that the FDA will review this process in the US, and in Canada, Health Canada is currently reviewing the use of CBD in food and beverages and is expected to release guidelines legalizing and regulating the practice in the future. “Our greatest concerns are the uncertainty of the FDA regulations on CBD in the United States,” said one Global Product Specialist of a CBD Cultivator and Ingredient Supplier.

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Break out of the ordinary: see what’s new in packaging & processing!
Conveying Innovations Report
Editors report on distinguishing characteristics that define each new product and collected video demonstrating the equipment or materials as displayed at the show. This topical report, winnowed from nearly 300 PACK EXPO collective booth visits, represents a categorized, organized account of individual items that were selected based on whether they were deemed to be both new, and truly innovative, based on decades of combined editorial experience in experiencing and evaluating PACK EXPO products.
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Conveying Innovations Report