FDA’s NDI rejections underscore need for legislation.

Though the FDA indicated it was willing to work with CBD brands through the New Dietary Ingredient (NDI) process, the agency rejected two companies’ submissions despite months of correspondence and copious data. Read more at Newhope. 

Canadian cultivator enters US market with $75M acquisition.

Village Farms International has acquired privately held, Denver-based Balanced Health Botanicals. This gives the Vancouver, British Columbia-headquartered Village Farms immediate entry into the US CBD market in a consumer products category adjacent to the high-THC cannabis market—as well as the broader CPG wellness sphere. Learn more at MJBizDaily.

Millennials and Gen X drive market.

They account for more than two-thirds of CBD users, according to new data from the Brightfield Group. Find out what researchers say is the key to gaining the loyalty of these consumers, and about knowledge gaps preventing more people from trying CBD. Read more at Natural Products Insider.

New clues about the entourage effect.

Learn what University of Sydney researchers discovered about how the entourage effect works via what they dubbed a “pharmacokinetic entourage effect.” There has been little scientific evidence explaining how the entourage effect functions. Read more at the University of Sydney.  

CBD beauty and cosmetic sales set to double in 2021. 

Analytics firm NielsenIQ forecasts the category could reach $600 million. “Those categories are well-established in leveraging the growing and continuing trend of functional ingredients such as, good-for-you or from-the-earth,” says Rick Maturo, Nielsen’s associate director of client service for cannabis. Learn more at Hemp Industry Daily.