Will FDA’s Endorsement of CBD-based Drugs Spur Cannabidiol Sales?
Approval of EPIDIOLEX® cannabidiol has become a landmark announcement as it is FDA’s very first approval of the drug derived from cannabis sativa plant and also validated some of the therapeutic benefits of cannabidiol. Further, the approval is expected to impact significant economic, political and legislative shifts across the global cannabinoid marketplace. Also, the Drug Enforcement Administration (DEA) is also expected to reschedule and change the classification of cannabidiol compound in the near future.
Claim Sample Report For FREE: https://www.factmr.com/connectus/sample?flag=S&rep_id=735
Increasing CBD Sales: Regulatory Changes Regarding Industrial Hemp to Reduce THC Content & Cost of CBD
Cannabidiol (CBD) is a non-intoxicating and non-psychotropic cannabinoid, which not only imparts myriad beneficial health effects, but also is deprived of relevant side effects. CBD is industrial hemp’s primary cannabinoid, present in concentrations between the range 0.5% and 4%. Major stakeholders in the hemp industry have been focusing on continued growth, in tandem with progress being made in legislature and product development.
The Industrial Hemp Regulations (IHR) address specific topics apropos of the production, processing, control, and export measures within various stages of the industry. Current IHR require two conformances namely, tetrahydrocannabinol (THC) testing of every field, except cultivars depicting low THC in provided province, and THC sampling & testing in production process concerning food derivatives. These process are expensive and entail the need for significant administrative investments by health regulatory bodies.
Recognizing the concern, the Canadian Hemp Trade Alliance (CHTA) proposed an efficient infield science-based alternative for generating reliable results. The proposal involves elimination of THC testing with respect to food derivatives. The alterations suggested are expected to aid achieving the objective of reducing THC content in crops with relatively less investment. Such regulatory changes are further expected to facilitate harvest, processing, and sales of non-psychoactive cannabinoids such as CBD from industrial hemp.
Request Full Report With TOC: https://www.factmr.com/connectus/sample?flag=T&rep_id=735
Improving Accessibility to CBD-based Therapies: WHO Report aids Alleviation of Restrictions on Cannabidiol
Cannabis comprises over 100 chemical compounds known as cannabinoids, with the most common among them being CBD and THC. The WHO’s Expert Committee on Drug Dependence (ECDD) published a report in 2017, which acknowledges clinical employment of CBD to be the most advanced treatment of epilepsy.
CBD is perceived to have significant therapeutic value for seizures on account of epilepsy and relevant conditions. In addition, clinical trials conducted on CBD have depicted its efficacy in treatment of various forms of epilepsy. The report further acknowledged existence of primary evidence underpinning utilization of CBD in treatment and management of various other diseases that include Alzheimer’s disease, multiple sclerosis, Parkinson’s disease, rheumatoid arthritis, Crohn’s disease and Huntington’s disease.
ECDD’s conclusion states that current state of research with regard to scheduling of CBD is not justified, and it could impact accessibility for medical and scientific research. ECDD’s impending final recommendations, to be published soon, will reaffirm or reinforce these conclusions, in order to alleviate legitimate basis for Secretary of Department of Health in maintaining present restrictions on CBD. This will not only relieve burden from companies developing medicinal products, but also improve access for consumers to effective and novel therapies.
Cannabidiol Market: Surging Penetration in Health Food Products
Rich in alpha-linoleic, linoleic, and antioxidants, CBD oil illustrates optimal ratio of Omega-6 and Omega-3 fatty acids. Numerous studies underpin the fact that properties of CBD assist management of depression & anxiety, pain, seizures, and insomnia. As researchers continue to analyze this increasingly popular cannabinoid, consumers across the globe are becoming more aware of the therapeutic qualities associated with CBD.
Based on preferences, circumstances, and conditions of an individual, there are various ways in which CBD can be consumed, with some of the valid options being vaping CBD oil, applying CBD ointment topically, and swallowing CBD capsules. Currently, more and more individuals are seeking incorporation of CBD into their lifestyle through infusion into their meals.
CBD-infused food products are gaining high momentum in the market, abreast growing consumer demand for healthy food options. In response to growing demand, companies are concentrating on production of healthy foods for meeting requirements of consumers seeking healthy replacements for traditional CBD-infused foods. Some of the common examples of such healthy alternatives include essential oil blends, flavored tinctures, and edibles such as coffee and candy.
Notable Developments in CBD Market
Pivot Pharmaceuticals Inc., in coordination with SolMic GmbH, its German technology partner, announced the initiation of its development of PGS-N001 in 2017. PGS-N001 is a water-soluble, natural, and pure oral CBD solution, which shows highest bioavailability and is devoid of THC. PGS-N001 will be developed and formulated for treating a wide range of disease indications such as the chemotherapy-induced nausea and vomiting (CINV) – major therapeutic challenge in cancer supportive care area.
Nightfood Holdings, a startup that manufactures and markets products in nighttime snacking category, entered into a joint venture with Player’s Network Inc. in 2017. This joint venture is dedicated toward the development of CBD-infused line of products such as cannabinoid oil.
Marijuana Company of America, Inc. (MCOA) has partnered with HoneyB Healthy Living for developing a series of CBD-based products. These products will be launched under the brand name “BeniHemp” and are intended to be distributed through convenience stores. The partnership aims at full-scale launch of their new product series by 2018-end, while coordinating supply chain arrangements via their partners in Colorado.
Grow Your Business From Expert Advice: https://www.factmr.com/report/735/cannabidiol-market
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Will FDA’s Endorsement of CBD-based Drugs Spur Cannabidiol Sales? here
News-ID: 1513250 • Views: 366
More Releases from Fact.MR
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
Hand Sanitizer Market to Surpass US$ 2.8 Bn, Instant Hand Sanitizer Poised to Ho …
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online
More Releases for CBD
CBD Oil Market Future Growth Prospect and Trends 2025 by Top Key Players IRIE CB …
The CBD Oil Market is continuously growing in the global scenario at significant pace. CBD is one of the hundreds of cannabinoids found in the Cannabis sativa plant. CBD can be derived from two different species of cannabinoids: marijuana and hemp. Growing awareness about benefits of CBD oil among people and worldwide expansion of young population are the substantial driving factors of the market during the forecast period. The CBD
CBD Oil Market Massive Growth and Demand with Top Key Players: IRIE CBD, Elixino …
The CBD Oil Market is continuously growing in the global scenario at significant pace. CBD is one of the hundreds of cannabinoids found in the Cannabis sativa plant. CBD can be derived from two different species of cannabinoids: marijuana and hemp. Growing awareness about benefits of CBD oil among people and worldwide expansion of young population are the substantial driving factors of the market during the forecast period. In addition
Sydney CBD Medical Centre
Our mission is to provide the highest standard care to you and your family. We are committed to promote well being and disease prevention. We pride ourselves on our services and our doctors are continually pursuing excellence in medicine and surgery through their work and study. This is a fully accredited medical centre under the standards set by the Royal Australian College of General Practitioners and also NSW Health Dept
F2P Industries Creates Groundbreaking CBD Product
[DENVER, COLORADO] With the dramatic rise in the popularity of CBD, innovation is booming. Colorado-based F2P Industries has just entered the market in a big way with the launch of a powerhouse lineup of CBD products that address aches, pain, inflammation, anxiety and digestive disorders. F2P Industries is focused on creating products that are effective, natural, empowering, consistently reliable and unquestionably life-changing. Between the company’s commitment to sustainability and its use
Global CBD Oil Market 2018 | Major Kay Players – ENDOCA, Isodiol, Medical Mari …
WiseGuyRerports.com Presents “Global CBD Oil Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023” New Document to its Studies Database Hemp oil extracts have traditionally been used around the globe as medicine. A large body of evidence has indicated that the benefits of CBD hemp oil can relieve various ailments. Endoca maintains the biochemical equilibrium within the hemp plants to maximize the beneficial effects of its organic CBD oil. Scope
CBD Hemp Oil Market Is Booming Worldwide | ENDOCA, CBD American Shaman, Gaia Bot …
HTF Market Intelligence released a new research report of 116 pages on title 'France CBD Hemp Oil Market Report 2018 with detailed analysis, forecast and strategies. The study covers key regions that includes and important players such as ENDOCA, CBD American Shaman, Gaia Botanicals, Isodiol, Medical Marijuana, Aurora Cannabis (AC) Request a sample report @ https://www.htfmarketreport.com/sample-report/1340907-france-cbd-hemp-oil-market Summary with the slowdown in world economic growth, the CBD Hemp Oil industry has also