As of Sep. 15, average U.S. CBD isolate pricing is down over 3 percent since the beginning of August and down nearly 7 percent vs. this time a year ago.
Despite the recent decline in pricing, the U.S. industry is still anticipating steady-to-quick demand growth over the next few years as pro-hemp legislation opens new markets.
In California, Governor Newsom is expected to sign a bipartisan bill allowing CBD and hemp extracts to be used in foods, supplement products, beverages, and cosmetics.
Elsewhere, a Texas civil district court ruled in favor of smokable hemp, a market which may reach up to $400 million in value nationally by 2025, per Nielson.
Posted by: Information Services Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.