Beverage companies have been moving forward with the development of CBD infused beverages in select markets.
Membership required to view content. show a sales increase of 89% in this segment as of last summer. Major beverage brands have targeted test markets in Canada, as well as major cannabis markets California and Colorado. In the inaugural hemp production year, 2019, the collective cannabinoid hemp industry believed that beverages would drive substantial demand. Regulatory uncertainty precluded meaningful expansion and falling hemp prices revealed far weaker demand than anticipated.
Canada is fertile grounds for proving CBD…
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