CBD’s meandering path to mainstream acceptance suffered a setback this week when the U.S. Food and Beverage Administration (FDA) challenged an application from Charlotte’s Web Holdings Inc. for a new CBD dietary supplement.
For years, hemp and cannabidiol, better known as CBD, remained relegated to the fringes of the CPG market. But the global hemp market broke out in a big way in 2020, growing into a $1.7 billion business.
Ecofibre had quite a year in 2019. The Australia-based company’s Ananda Food division just revealed that its new facility in Newcastle, Australia, earned the BRC Global Standard for Food Issue 8.
It's been a busy year in the CPG business, especially for the food, beverage, and dietary supplements sectors. There have been so many breaking stories, shifting trends, and updated regulations that it can be tough to keep track of it.
To say 2019 was a big year in the food, beverage, and dietary supplements segments would be an understatement. Sales in the food and beverage space surpassed $7.8 billion, a 3.8% jump over 2018.
The U.S. Food and Drug Administration (FDA) made headlines in 2019 with crucial enforcement decisions and policy discussions affecting the dietary supplement industry. Some of the next steps seemed almost predictable until the newswire blew up in...