Hemp Will Be A Top 10 Product In 2019, Whole Foods Predicts

Hemp Will Be A Top 10 Product In 2019, Whole Foods Predicts

The gurus at Whole Foods Market have spoken: hemp products, already incredibly popular, will be a top 10 food trend in 2019.

In a press release, the company said it relied on “seasoned trend-spotters” who have “more than 100 years of combined experience in product sourcing, studying consumer preferences and participating in food and wellness industry exhibitions worldwide,” to compile its new report on what to expect next year.

So what will be flying off the shelves in 2019? According to the experts, lots and lots of hemp.

hemp

Via Whole Foods Market.

“Hemp hearts, seeds and oils are nothing new to food and body care lovers—they’re in everything from waffle mix to dried pastas,” the company wrote. “But a new interest in the potential benefits stemming from other parts of hemp plants has many brands looking to explore the booming cannabis biz.”

“While CBD oil is still technically taboo (prohibited in food, body care and dietary supplements under federal law), retailers, culinary experts and consumers can’t miss the cannabis craze when visiting food industry trade shows, food innovators conferences or even local farmers markets.”

(For the record, there’s a lot of confusion and disagreement about the federal legality of hemp-derived CBD oil, which you can read more about here.)

The trend won’t stop at CBD, either. Apparently phytocannabinoids, those compounds that are present in cannabis but also in other plants, are “becoming more visible and prevalent.”

“It’s clear that hemp-derived products are going mainstream, if not by wide distribution, then by word of mouth!”

Hemp products that the trend-spotters recommended include a line of health supplements containing phytocannabinoids, a face cream comprised of hemp stem cells and organic shelled hemp seeds.

While cultivating marijuana’s non-intoxicating cousin is currently illegal in the U.S. outside of exceptions for state-approved hemp research programs authorized under the 2014 Farm Bill, there’s a strong possibility that industrial hemp will be broadly legalized—possibly by the end of the year—once the House and Senate reconcile their versions of a new Farm Bill and put it on the president’s desk.

Senate Majority Leader Mitch McConnell (R-KY), who introduced the provision, issued a “guarantee” last week that hemp legalization will be included in the final legislation.

That would give the hemp business an even greater boost going into the new year.

https://massroots.wpengine.com/news/mitch-mcconnell-guarantees-industrial-hemp-legalization/

See the original article published on Marijuana Moment below:

Hemp Will Be A Top 10 Product In 2019, Whole Foods Predicts

Legal Cannabis Projected To Be Worth More Than Organic Foods Market

Legal Cannabis Projected To Be Worth More Than Organic Foods Market

The third edition of the ArcView Group’s State of Legal Marijuana Markets report found that cannabis is the fastest growing industry in the United States. This report revealed that $2.7 billion was spent in the cannabis industry in 2014, which is a 74 percent increase from $1.5 billion in 2013.

If this trend continues as more states legalize, it is predicted that the industry could easily be worth more than the organic food market. Organic foods currently bring about $33 billion each year, and it is estimated that the legal marijuana market could bring in closer to $36 billion each year once every state ends prohibition. By 2019, it is projected that the industry could be worth over $10 billion as new markets join and the already established ones grow.

Cannabis concentrates, edibles, infused-beverages and other products that are not readily available for purchase on the black market, are rapidly gaining in popularity and account for a large portion of the current legal market. Could items like these end up on the shelves of large food industry leaders like Whole Foods? ArcView CEO, Troy Dayton, says yes. Dayton reported to Business Insider,

“It’s possible that Whole Foods could be the Whole Foods of cannabis.”

Whole Foods CEO, John Mackey, reportedly acknowledged that he would be open to the idea ONLY if the plant and infused products were fully legalized and accepted by the local communities.

Troy Dayton continued his thought about the possible cohesion of the two markets to Business Insider,

“John Mackey said he could definitely see a gourmet cannabis section at Whole Foods.”

The State of Legal Marijuana Markets report also reveals that $370 million dollars were spent by consumers in Colorado and Washington in 2014. Once Alaska and Oregon have a legal recreational market running for at least a full year, similar purchases are expected to be seen from consumers in the two newest legal states.

The fastest-growing market was actually seen in Arizona, a state where only medical marijuana has been legal since 2010. Sales in Arizona reached $35 million in 2013, and surged to $155 million in 2014, further confirming the growth potential estimated for maturing markets.

No matter how it is viewed, the cannabis industry is definitely making a considerable contribution to the resurgence of the American economy, and it seems as though it is on track to continue to stimulate business and opportunities throughout the United States.

photo credit: fresh

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

[data-image-id='gourmet_bg']
[data-image-id='gourmet_bg']
[data-image-id='gourmet_bg']
[data-image-id='gourmet_bg']
[data-image-id='gourmet_bg']
[data-image-id='gourmet_bg']
[data-image-id='gourmet']
[data-image-id='gourmet']
[data-image-id='gourmet']
[data-image-id='gourmet']
[data-image-id='gourmet']
[data-image-id='gourmet']
[data-image-id='gourmet']
[data-image-id='gourmet']
[data-image-id='gourmet']
[data-image-id='gourmet']