The new golden age of hemp | The rebirth of an industry

Hemp has seen its fair share of ups and downs since it was first put to use over 10,000 years ago, with the earliest records dating back to China, Japan and the Iberian Peninsula. Christopher Columbus embarked on his voyage to the American continent on a ship with sails and ropes that were made from hemp. The U.S. Declaration of Independence was signed on paper made from hemp and, for many years, hemp was used by a great number of American industries to manufacture a wide range of products. But, in 1937, the Marijuana Tax Act was passed by Congress, putting an immediate stop to hemp farming and to the manufacturing of products made from hemp at the same time.

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CBD industryJessica Mintz
Starting a White Label CBD Brand - This is what you need to know

With the passing of the 2018 Farm Bill, the cultivation of hemp was made legal across the U.S. at the end of last year. Under the new federal regulations, hemp can only be considered hemp and remain within the framework of the law if the plant's flowers contain less than 0.3% THC. The legalization of hemp cultivation opened the doors to the manufacturing of all kinds of products made from hemp-derived CBD. From gummies and pre-rolls to sports supplements and pet products, CBD is everywhere, and consumer spending, related specifically to the sales of CBD products, is expected to increase to $4.1 billion by 2022, according to a market research report by Arcview.

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Jessica Mintz
Mainstream America is Incorporating CBD into their Daily Lives

The CBD industry has moved on from smoke shops and dispensary shelves, to grocery stores, pharmacies, natural food stores, gyms, and some of the biggest chain stores in the nation, including CVS, Walgreens, and Sephora, and even some luxury department stores like Neiman Marcus, and Saks Fifth Avenue. Five years ago, it was a market that didn’t exist. By 2025, research, as shown here in a study by Cowen & Co, that 25 million Americans are expected to become regular consumers of CBD products.

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Jessica Mintz
The FDA's stance on hemp-derived CBD in Food and Drink

The tide is changing in the hemp industry, and it’s changing fast. When the 2018 Farm Bill removed hemp from the Schedule I controlled substances list, this versatile member of the cannabis sativa family was immediately welcomed back into the mainstream. Despite the changes to federal law, the path to regularization hasn’t necessarily been a smooth one. In particular, the FDA’s stance on the use of hemp-derived CBD in food and drink remains unclear, affecting the sales of CBD-infused edibles and the innovative development of new CBD-infused products.

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Jessica Mintz
How does PCR Hemp Oil Compare to CBD Oil?

The legalization of hemp and all its derivatives has created the opportunity for huge market growth across the CBD industry, from oils and tinctures, to skincare and food and drink. Terminology in the market space is also evolving to allow for easier product definition, as the differences between the many types of CBD oil are vast. Product quality, and its resulting effect, depend on the extraction methods employed. Two questions that often come up are, “What is PCR hemp oil?”, and “Is PCR hemp oil the same as CBD oil?”. Here, we take a deeper dive into the differences between the two products in order to allow product manufacturers to make better informed decisions regarding the type of product lines they choose to offer to the end consumer.

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Does Hemp Contain THC or just CBD?

Does hemp have THC in it? Unfortunately, this is a common question, with a complicated answer. Despite the recent changes to federal law, not all states abide by the same regulations when it comes to legal levels of Tetrahydrocannabinol (THC), the psychoactive cannabinoid responsible for making the consumer feel “high. As consumers become more educated about cannabinoids and their effects, the somewhat confusing legality of the hemp plant encourages them to ask more questions relating to biomass quality and content.

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Jessica Mintz
Who are the dominant CBD consumers?

For decades, as a result of Hemp prohibition, the benefits of CBD remained largely unknown. However, with the recent changes to federal law, and the legalization of hemp nationwide, CBD products are beginning to assume a powerful position in modern mainstream American culture. It’s an industry that’s growing faster than any other in the U.S., broadening its reach to include newcomers of all ages. However, the most dominant CBD consumers appear to be united by one common cause… wellness. Sports professionals, baby boomers, and women, in particular, are the most influential CBD consumers to date. The pressure is on for brands and retail stores to invest in clear targeting and clever marketing strategies.

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What’s the Difference Between CBD Oil and Hemp Oil?

Is there a difference between hemp oil and CBD oil? While both products are usually marketed using the instantly recognizable hemp leaf symbol, the way they are made and the ways in which both products are used differ greatly. At Point3 Farma, we often respond to basic questions, such as, “What is hemp?”, and “What is hemp oil?”, so we felt it best to write a short blog that focuses on some of the marketplace’s most relevant terminology and practices.

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Jessica Mintz
What is CBD isolate and what's the difference with whole plant CBD?

CBD hemp oil has gained popularity as a health supplement in recent years, but it wasn’t until the passing of the 2018 Farm Bill that the market really exploded. Under the new legislation, hemp containing less than 0.3% THC in its flowers is completely legal to cultivate across all U.S. states. The legalization of compliant hemp plants and compliant hemp-derived products has opened up the world to CBD and its benefits, turning the industry into one of the country’s fastest-growing markets.

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