This week, hemp advocates showed support for President-Elect Joe Biden’s recent pick of Robert Bonnie to lead the USDA transition team. Meanwhile, a recent report published by Brightfield Group shows CBD consumption has not slowed down during the COVID-19 pandemic, and an increasing number of new consumers are entering the marketplace.
Here are this week’s headlines you might have missed.
National: The Biden administration recently named Robert Bonnie, USDA’s Under Secretary for Natural Resources and Environment in the Obama administration, to lead efforts to implement agency policies, set management agendas and select personnel. This announcement was welcome news to hemp advocates who found Bonnie supportive of hemp during previous discussions. Read more
Meanwhile, Brightfield Group’s latest CBD consumer and market trends report found the number of new CBD users in the market was higher in Q3 2020 than it has been since it took a nosedive in Q4 2019, signaling an increasing number of people are turning to CBD to deal with pandemic stress. Read more
Colorado: Charlotte’s Web is beginning to rebound from its COVID-19 pandemic fallout, as shown by its recent Q3 earnings. Read more (For more Charlotte’s Web coverage, check out this exclusive Q&A with Bear Reel, the company’s senior director of cultivation research and development.)
Meanwhile, The Colorado Hemp Advancement Management Plan is expected to release its final report on hemp supply chain best practices by the end of the year, addressing several industry challenges. Read more