CSP Puts a Spotlight on Cannabis & CBD

New e-newsletter focuses on hot product segments
CSP CBD & the future of Cannabis

CHICAGO -- Welcome to CSP’s CBD and the Future of Cannabis e-newsletter!

With a remarkable confluence of state and federal legislation and deregulation, cannabis and its related offshoots have the opportunity to become the fastest-growing product category in the United States in coming months and years. With this new e-newsletter, our intention is to help you, the retailer, navigate the landscape from a legal and product standpoint.

So why is it “CBD and the Future of Cannabis”? Certainly, we’re all familiar, one way or another, with cannabis as a plant product that can be smoked for medical relief or to gain a high. Currently, cannabis for recreational use is legal in 20 states, and smoking it for medical affect is legal in all but three states. The product itself, however, cannot yet be sold in convenience stores and most other channels of retail. But you can bet it will be someday. That’s the future of cannabis, and it’s a place you’ll likely want to play, again, someday.

CBD is even more complicated.

For those of you who don’t know, CBD is short for cannabidiol. Cannabidiol can be obtained from hemp, among other plants in the cannabis family. It is the nonpsychoactive component of cannabis—that is, it doesn’t get you high. Recent deregulation, in the form of the 2018 Farm Bill signed by President Trump in December, removed industrial hemp from the Controlled Substances Act. That opens the door to legal growth and development of hemp-derived CBD products.

CBD has emerged as a wellness ingredient in products such as body oils, lotions, beverages and even snacks and candy. And CBD is expected to be one of the fastest-growing product categories over the next decade, with sales predicted to grow nearly tenfold to top $5 billion by 2027.

That’s where c-stores come in.

Drinks and snacks are right up the alley of c-store retailers. But for now, legal sales remain a moving target. With this e-newsletter, CSP commits to keeping an eye on that market to keep retailers updated on when moves are made and how they might affect the c-store channel.

This e-newsletter serves as a companion to a new CSP event. Our inaugural CBD & the Future of Cannabis Conference will be held April 9-11 in Denver. During this three-day event, attendees will learn about legislation surrounding marijuana and CBD, discuss the types of products available, take a tour of a local dispensary and farm, address what to expect from the U.S. Food and Drug Administration, and how CBD will affect food, tobacco and alcohol sales.

Just as the conference is a must-attend event for retailers trying to stay ahead of the trends, this e-newsletter, full of news, opinions and curated content, will be a must-read for anyone anxious to keep their store or chain on the cutting edge. Just as our readers keep tabs on packaged beverages, tobacco, foodservice and the other familiar categories of the c-store trade, this new segment will soon become required knowledge. As always, CSP intends to be on your go-to resource on the subject. And so, again, welcome.

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