It’s difficult to underestimate the twin headwinds of wildly increased competition and federal regulatory pushback on the state of today’s hemp CBD market.
The bloom, one might say, is off the bud.
Hemp CBD sales have been a fantastic state of affairs for many natural food stores across the country. Similar to the Atkins craze from the early 2000s, some exclusive stores have even opened that sell only CBD products.
But when the smoke cleared from the boomtown December 2018 signing of the farm bill, the federal regulatory bodies FDA and USDA issued proclamations and rules in 2019 designed to put the brakes on the hemp train.
In the Nov. 2019…