AUGUST 2022
Cannabis market still growing
From gummies to beverages and food, there is no stopping the cannabis market. Photo courtesy of Getty Images/JDawnInk
The U.S. cannabis market size is expected to reach $40.0 billion by 2030, growing at a CAGR of 14.9% over the forecast period, according to Grand View Research Inc. The increased legalization of cannabis for medical and recreational purposes is driving market growth. Despite a discrepancy in legality across states, businesses are working hard to keep up with rising demand and frequent legislative changes affecting each state in the country.
The medical end-use segment had a 77.5% revenue share in 2021 due to the increasing research activity and growing scientific literature supporting its benefits in the treatment of various chronic diseases.
The marijuana segment had an 85.5% share in 2021, due to the recognition of cannabis for medical purposes and increasing legalization of its use.
Based on derivatives, the CBD segment had a share of 66.3% in 2021 due to its rise in acceptance as a potent pain reliever and its use to treat several other conditions.
A new hemp-infused drink for sports enthusiasts. Photo courtesy of Alternative Biologics Inc.
Muscle Milk launches hemp-infused sports drink
Developed by Alternative Biologics Inc., whose founders and team created protein drink MUSCLE MILK, GYM WEED is the Pickett family’s newest venture of products.
GYM WEED, a hemp-infused energy drink, officially launched in the U.S. with three flavors: Pear Pineapple, Stone Fruit and Tropical Berry. The new drink provides balanced energy without the anxious feeling typically associated with energy drinks. With zero sugar and 10 calories per can, ingredients include Lion’s Mane, L-Theanine, B-vitamins and electrolytes.
GYM WEED will be sold in gyms and specialty distributors including Europa Sports, DNA Distributors, NYB Distributors and L&E Distributors.
CBD mints claim to relax the body and mind. Photo courtesy of MotherBar
Organic CBD mints
New brand MotherBar officially launches its proprietary hemp-based CBD Moment mints today, created to relax the body and mind while challenging our mindset and approach to stress. The name MotherBar was chosen as a sense of comfort, love and support while offering connection and escape from the chaos of daily life.
Moment mints are 99.95% organic and made with ingredients including Szechuan flower, peppermint, Bulgarian rose and 40 mg of full-spectrum CBD per mint.
Created to awaken your senses, Moment's incorporation of Szechuan flower reportedly creates a pleasant buzzing sensation in your mouth that brings you into presence. The mints use hemp grown with regenerative farming practices, are packaged in recyclable, plastic-free materials and shipped in fully compostable packages.
New THC drinks are juiced 24 hours from harvesting. Photo courtesy of CannFusion
Hemp-derived THC beverages
CannFusion offers cold squeezed juice shots blended with hemp-derived cannabinoids to deliver nourishment for body, mind and soul.
The brand uses fresh whole hemp leaves that are high-pressure processed (HPP) and juiced 24 hours from harvesting, therefore it has a full spectrum of CBDA—not just CBD. As well, hemp juice is legal in all of the states in the U.S.
CannFusionWellness Shots come in two flavors: Soul, with Pineapple, Apple, Lemon & Whole Leaf Hemp and 25mg THC and Mind, with Pineapple, Apple, Lemon & Ginger and 10mg THC.
The juice uses fruit followed by the HPP process to maintain optimal taste, texture and nutrition.
CannFusion is legal, due to the THC being derived from legal whole leaf hemp. The natural sugars in the juice outweigh the cannabinoids, putting the total concentration of THC at < .3%. Hemp was made legal by the 2019 Farm Bill.
Shatter and THC gummies are now available in Saskatchewan, Canada. Photo courtesy of High Tide
High Tide Inc. has debuted its first Cabana Cannabis Co. branded shatter and THC gummies in the province of Saskatchewan, Canada. The products are produced under the terms of white label partnerships with Heritage Cannabis Holdings, a vertically integrated cannabis provider, for Cabana Cannabis Co. shatter and Loosh Brands, a privately held edibles and finished goods manufacturer, for Cabana Cannabis Co. THC gummies.
The initial range of Cabana Cannabis Co. products consists of one SKU of shatter, Pink Hawaiian shatter, available in 1-gram increments; and two SKUs of THC gummies, Sunset Punch and Clementine Cream-flavored soft chews.
High Tide anticipates that, pending listing approval, it will be able to begin sales of its Cabana Cannabis Co. products in the provinces of Manitoba and Ontario within the coming weeks. FE
New shatter and THC gummies
AUGUST 2022
