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.
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