Filtered by tag "Europe"

EFSA’s CBD Novel Food Classification

By Bill Griffin New Frontier Data contributor The emerging European cannabidiol (CBD) market has been thrown into disarray since January 2019 over a change to CBD’s classification by the European Food Safety Authority (EFSA). Here we look at what changed and explore options for those companies impacted. What changed? Before January 2019, the entry for […]
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global hemp

Global Hemp, Poised to Make Its Impact with a Post-Industrial Heyday

By J.J. McCoy, Senior Managing Editor, New Frontier Data Especially since its federal legalization was mandated through the passage of the 2018 Farm Bill at the end of last year, hemp has been making headlines for its impact across a range of mature markets – from food and textiles to building construction and nutraceuticals. Hemp […]
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Global Industrial Hemp Applications

New Frontier Data predicts sales of hemp-based industrial products to accelerate with strong growth across global markets for 5-10 years. With 2018 sales of $425 million, Europe remains the global leader in industrial hemp. Out front with segments like hemp-based automotive parts (biocomposites) and animal bedding, Europe will retain its lead in global industrial sales […]
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Facing FDA Scrutiny, Producers Get Cagey Selling CBD

By William Sumner, Hemp Business Journal Contributor As the United States bundles itself against one of the last cold snaps of a lingering winter season, competition in the hemp-CBD market is staying hot with word that cannabis giant Tilray, Inc. (NASDAQ: TLRY), was  purchasing Manitoba Harvest — the world’s largest hemp food manufacturer —  for […]
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Cannabis Companies Beginning to Ante Up for Bets on Hemp

By William Sumner, Hemp Business Journal Contributor Last week, the hemp and cannabis markets were abuzz with news that cannabis giant Tilray Inc. (NASDAQ: TLRY) was acquiring Manitoba Harvest for $419 million CAD ($319 million USD). Manitoba is the world’s largest hemp-foods manufacturer, with products in more than 16,000 retail stores throughout North America. For […]
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Tilray Acquisition of Manitoba Harvest Sets Early Pace for 2019 as ‘Year of Consolidation’

By J.J. McCoy, Senior Managing Editor, New Frontier Data In a deal establishing a new industry landmark by which one of Canada’s largest licensed producers is buying the largest hemp company in a deal worth as much as $419 million CAD ($319 million USD), Toronto-based Tilray looks to be muscling past its closest competitors — […]
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Global Hemp Food Sales

Hemp-based foods are generating significant new interest after the passage of the 2018 U.S. Farm Bill. Between 2018-2020, global hemp-infused foods are forecast to grow 46%, from $353 million to $479 million. The U.S. will lead, reaching $151 million by 2020, followed by China ($101 million) and Europe ($79 million). Hemp foods rely on three […]
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The Global Hemp Market Expansion

Hemp is a unique plant with over 25,000 diverse and derivative uses, intersecting more markets and industries worldwide than any other crop in the agricultural economy. New Frontier Data’s latest report, Global State of Hemp: 2019 Industry Outlook, tracks the global market across the United States, Australia, Canada, China, the European Union, South and Central […]
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Some Remarkable Potential Markets for Hemp

By William Sumner, Hemp Business Journal Contributor Hemp is an incredibly useful substance. From textiles to soap, hemp and its derivatives can be used as substitutes for various household products.  Yet, beyond everyday items, there are myriad uses for hemp that one can barely imagine. Here are three particularly  remarkable uses for hemp: Building Materials […]
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Parsing Some Differences in Product Demand and Oversupply

By J.J. McCoy, Senior Managing Editor, New Frontier Data   When New Frontier Data released its free market update to the industry last fall, 2018 Cannabis Industry Trends Report: Market Insights offered a look into the growing demand for non-flower products.   In Illinois, for example, monthly revenues from dispensary sales had increased by 54% […]
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