Consumer confidence is critical in every sector of the economy. When consumers are confident about the long-term economic viability of their purchases, their urge to spend increases, and during times of economic boom, excess cash-in-hand helps build out niche industries. We’re seeing this archetypal pattern play out in the CBD market right now. As we move into 2020, we’ll continue witnessing profound changes in the world of CBD that will augment the way we operate at CBGenius and alter consumer access to CBD to a significant degree.
A fascinating confluence of factors is coming together that will boost CBD commerce in the United States into the stratosphere. I’ve always been interested in the CBD industry, but I’ve never been more optimistic or excited about the future of this market than I currently am at the time of this writing. Huge changes are sweeping through the domestic CBD market on the micro and macro levels; federal and state legislation and regulation is changing, CBD commerce is expanding, we’re adding new products here at cbgenius.net, and individual CBD consumers are coming up with intriguing new ways to use this cannabinoid.
I’ll cover it all in this article. Whether you want to know the best places to buy CBD in 2019, find out more about the legality of CBD, or learn about the latest in CBD pre-rolls, CBD stocks, or even CBD burgers, I’ll lay it out in this CBD industry Q4 preview mega-update. Questions? Leave a shout-out in the comments below.
More and more, it appears that the FDA is trying to bundle the CBD problem into upcoming cannabis legislation. I don’t want anyone to invest their life savings because of my words, but it’s my best guess that the staffers and aides on Capitol Hill are scurrying around right now trying to get a federal cannabis legalization bill on the House floor sometime during the 2020 Congress.
While this move would benefit President Trump politically, it would also play to the Democrat base, so it stands the chance of being a rare bipartisan piece of legislation. Plus, the pressure is ramping up, and the feds need to do something, whatever it may be, sooner than later.
President Trump recently signaled that he still intends to leave cannabis legalization up to the states, but state governments are looking to Washington for guidance. While regulating the CBD industry is the most pressing problem on the FDA’s plate, this industry also knows that making a final stand on CBD right before cannabis legalization would be inefficient, so we’re all trying to glean as much data on the state of cannabis legalization right now as we can.
It’s highly unlikely that the federal government will come down on the hemp and marijuana industries in exactly the same way, but my money is on the likelihood that they’ll deal with both problems at roughly the same time. That means we’re looking at a (most likely) fall/winter 2020 passage and a Q1 2021 implementation. If the federal government were able to produce final guidelines on CBD and cannabis starting in 2021, I think the markets would respond the best, and the two separate-but-connected industries would be the most organized and easiest to regulate and enforce effectively.
Will CBD be legal in 2020?
To some extent, CBD is already “legal.” The 2014 Farm Bill afforded CBD production and possession certain (likely unintended) legal protections, and the 2018 Farm Bill followed up by “decriminalizing” CBD (i.e. removing cannabidiol from the Controlled Substances Act).
There’s a long path yet to full legalization in the United States and elsewhere around the world. In our country, the FDA, which is essentially a giant, human-powered sorting machine, has to fully examine a substance from all possible angles before it decides how it should be marketed, sold, and regulated within the USA. Depending on the substance in question, the FDA may have to coordinate with various other federal agencies, and when the substance is related to an agricultural product, various economic concerns need to be taken into account.
So, what about CBD has changed? Essentially, federal agents can no longer arrest you for marijuana possession if you are holding CBD. If they do, you can’t be prosecuted, and beyond this limited application, the 2018 Farm Bill has rippled out and altered the essence of the national conversation surrounding cannabidiol.
We probably won’t see full regulation of the CBD industry in 2020. We will, however, probably know a lot more about what regulation is going to look like. When regulation does hit around Q1 2021, we’ll all be ready, and I’m almost certain that huge changes to cannabis in general will be right around the corner.
What changes can we expect in cannabis law in 2020?
The CBD industry has recently taken on a new and entirely unexpected significance. In an effort to normalize economic relations with China, the Trump Administration recently imposed trade tariffs, and the Chinese responded by reducing their consumption of U.S. agricultural products (mainly soy and corn). Despite awarding the agricultural sector a $16 billion stimulus, analysts are concerned about the long-term effects of the China trade war on the American agricultural sector.
Out of nowhere, hemp has suddenly risen up as the savior of farmers everywhere. Certain voices within the agricultural industry had been loudly proclaiming the benefits of raising CBD-rich hemp for years, but it wasn’t until the catalyst of a trade war that American farmers started seriously considering the profound economic benefits of growing hemp.
It would be naive to say that every farmer in America who currently grows corn or soy can just switch to hemp with no economic repercussions whatsoever. At the same time, however, a new trade deal with Japan is set to take off even more of the strain that farmers are currently feeling, and the addition of CBD-rich hemp as a viable crop is another piece of the puzzle of repairing the economic gap that the trade war has left in its wake.
Agricultural economics is just one of the incentives currently shaping the face of the cannabis industry. Far from being out of the ordinary, cannabis legalization is becoming the norm around the country, but these state laws are still, at the time of this writing, at odds with federal law, which says that marijuana is one of the most illegal types of drugs in existence.
The federal government doesn’t need to give its blessing to the cannabis industry. It just needs to rescind its condemnation. What we have in the United States isn’t cannabis regulation—it’s cannabis prohibition, and it’s outdated and inefficient.
I don’t personally expect the federal government to suddenly force cannabis into being legal everywhere. Trump did, after all, say that he intends to let that decision stay with the states. What I see happening is an easing off on the federal categorization of marijuana. It doesn’t need to be taken off the federal schedule entirely, but taking it down to a Schedule IV substance would change the current situation considerably. At the same time, however, I have no idea what’s in store. This analysis is simply based on current trends, so to sum it up, here are the top changes I expect to see in the world of cannabis in 2020:
- CBD and cannabis will be grouped together more and more. Think beer/wine and hard liquor—similar regulatory structures, but different.
- Agricultural concerns will come to the fore. More voices will begin singing the praises of industrial hemp, CBD-rich hemp, and recreational (THC-rich) cannabis.
- The industry will normalize. Expect prices in the CBD industry to go down and watch for the lifting of banking restrictions.
- CBD will be used as the “pilot” of federal cannabis reform, and announcements will be made about the direction that this reform process will take.
- Comprehensive cannabis reform, including major changes to the CBD and recreational marijuana industries, might come as soon as January 2021.
CBD law has changed a lot in the last year or so, and it still isn’t set in stone. While lots of states have recently decided to legalize CBD, the situation at the federal level remains in flux, and there’s no clear indicator of when that status might change.
There has, however, been a sea change in the culture and politics surrounding CBD in the United States. Like a graft that has finally taken hold or a hemp seedling that has rooted at long last, cannabidiol is fully a part of American culture. There were a few years there where it was touch-and-go—there was a general lack of education on CBD, and a few bad apples almost gave the entire industry a bad name.
The biggest battle has now been won, and now it’s just a matter of American politics and American law coming into compliance with the will of the almighty American consumer. People in the United States want CBD, and they want cannabis in general.
Hemp is an amazing food, textile, and even plastics crop, and the medical benefits of the terpenes and cannabinoids in Cannabis sativa are just beginning to be understood. It’s clear that the future of the USA features more hemp, not less, and now all that’s left is to carefully plan out the direction that the domestic hemp and marijuana industry is going to take.
As we move forward into 2020, not much will change in how CBD commerce is done in the United States. Online mobile sales will continue to dominate, and trending products like CBD flower and CBD vape pods will continue to make their way toward the surface.
We might see some easing up regarding online payment methods as banking giants like PayPal recognize that the hemp industry is on its way toward mainstream regulatory status, but these changes might not occur until after the comprehensive cannabis reform package that I expect sometime between Q3 2020 and Q2 2021.
Until any major alterations to the world of CBD commerce occur, continue to purchase CBD in the way that you’re accustomed to. In-person retail sales are becoming more and more common in every corner of the country, and CBD e-commerce platforms like cbgenius.net make it absurdly easy to select from a wide variety of high-quality, domestically grown and manufactured CBD products to deliver to your front door.
What are the latest things people are using CBD for?
While we aren’t at liberty to rule on the things you can and can’t use CBD for, that doesn’t stop all of you out there in the national CBD community from experimenting with the latest CBD fads on the scene. As I’ve watched social media recently, I’ve seen the following ways to use CBD trending:
1. CBD flower for anxiety
People love CBD vape juice, but they’re starting to love vaping CBD flower even more. Like anything else that you inhale into your lungs, CBD enters your bloodstream through your lungs’ alveoli when you inhale cannabidiol-infused vapor, which provides a nearly instantaneous effect.
2. CBD Juul pods instead of bootleg weed cartridges
CBD pods continue to gain in popularity throughout the ongoing vaping crisis. Remember that when you choose a CBD Juul pod from a reputable online retailer, you’re eliminating the risk of buying illegal vape carts out of someone’s trunk.
3. CBD cigarettes and joints
Again, I don’t recommend or condone smoking hemp, and neither does CBGenius. When it comes to CBD flower, vaping is the way to go. However, people around the country are now grinding up their CBD flower and putting it into CBD cigarettes or CBD joints. While this phenomenon is confusing cops about the difference between hemp and cannabis even more, it seems that everyone is truly enjoying this unique new way to ingest CBD.
That’s not all that’s going on in the CBD industry as we wrap up 2019. Here are some of the other trends that you should keep an eye on if you want the best deals, product options, and investment opportunities.
CVS CBD deal in jeopardy?
Curaleaf turned heads at the beginning of the year when it secured a major deal with CVS for distribution within 800 U.S. stores. When Curaleaf was recently slapped with a warning letter from the FDA, however, industry analysts started becoming a little bit more skeptical of this brand’s long-term growth potential.
According to a press release, CVS immediately canceled its deal after the release of the Curaleaf letter. I can only speculate about what went on in the board room that day, but it’s easy to guess that CVS desperately desires to absolve itself of all incriminating relations with any targeted CBD company.
Thankfully for CBD consumers around the country, Curaleaf isn’t the only CBD brand that CVS made a deal with. According to a CVS spokesperson, however, the deal is off, and there are no plans to resume business.
The Curaleaf deal was one of the biggest recent moments in CBD history, and hemp stocks plummeted after this news. They quickly bounced back up, however, and it seems that CVS is still happy to offer CBD as long as it hasn’t earned the ire of the FDA.
Pigging out on pizza makes CBD more effective?
This might sound weird, but those munchies you sometimes feel when you use CBD might actually be pointing you in the right direction. According to Mike Adams, a cannabis writer for Forbes, a recent University of Minnesota study found that eating greasy foods like burgers and pizza makes CBD more effective.
While it isn’t quite clear yet exactly what causes this effect, it’s possible that foods with lots of fat help CBD, which is a lipid, absorb through the gut lining. Whatever the case may be, don’t feel so guilty the next time a puff of CBD vapor sends you rummaging through the fridge.
Recently, black market drug dealers have become aware of the rapidly rising popularity of CBD. This non-intoxicating cannabis derivative is suddenly almost as popular as marijuana itself, which has created demand for bootleg CBD products.
According to a recent New York Post piece, some of these street CBD cartridges are filled with synthetic marijuana variants like K2 and Spice. Both of these artificial drugs are highly dangerous, and they can cause serious psychological and physiological damage.
Some of these contaminated vape cartridges also contain CBD, but others only contain cheap synthetic marijuana alternatives. It’s always important to be very careful where you get your products from, and in the midst of the recent epidemic of bootleg vaping injuries, making sure that you only work with trusted CBD producers like CBGenius is even more vital.
CBD flower hits the big time?
CBD hemp flower is finally getting its time in the spotlight. I’ve written extensively about the potential benefits of CBD flower here at cbgenius.net, so those of you who’ve been following this space are well aware of what CBD is and what it does. For those who are new to the subject, however, CBD flower is where you get CBD oil from, and it’s a type of Cannabis sativa that contains low THC and high CBD.
There are a few strains of cannabis that have been bred to be high in CBD but contain practically undetectable levels of THC, and we in the CBD industry have gotten used to relying on these strains as sources of the cannabidiol molecules we include in our products. Even isolate CBD isn’t made in a lab; it, too, comes from cannabis oil, and then the rest of the cannabinoids and terpenes are “burned off” until only CBD remains.
CBD consumers everywhere are looking for the safest and most natural ways to use CBD, and a growing number of cannabidiol enthusiasts are turning to hemp flower as the answer. When you want the most natural option available, it simply makes sense to go directly to the source, and you can use CBD flower in so many amazing ways.
What can you use CBD flower for? Well, you can use it to make your own CBD oil, for one. Simply grind your flower up, and then follow a simple online recipe to make butter, coconut oil, or another type of oil or food that’s packed with CBD.
You can also vape or smoke your CBD flower. Vaping is much safer than smoking, and that’s doubly true when it comes to vaping CBD flower. When you vape pure hemp flower, all you’re inhaling are the natural plant oils that are present in hemp. While VG, PG, and natural flavoring appear to be safe to add to CBD vape juice, some skeptics still maintain that inhaling pure plant oils is superior.
As I’ve been watching the trends in the CBD industry, I’ve been intrigued to see CBD flower rising up in the list of CBD topics that people are interested in. It seems clear that people are looking for a new way to use CBD, and cannabidiol-rich hemp flower is filling in the gap. Is CBGenius about to supply the market with the best CBD flower ever grown? You’ll have to stay tuned to cbgenius.net to find out…
The latest from CBGenius – CBD flower near me coming soon?
Thanks to all your support, there have been a lot of changes at CBGenius in the last few months. Because you told your friends, colleagues, loved ones, and even strangers on the street about CBGenius, our online revenues are up, and we’re embarking on a new and exciting phase of product development.
While I can’t say too much about what they’re cooking up in the lab, expect a wide array of new CBGenius products to be available here at cbgenius.net within the near future. There are so many ways to introduce cannabinoids into your system that it’s hard to get tired of putting together new CBD product formulations, and throughout it all, we have one overarching principle in mind: providing the customer with the maximum possible value.
Consumers need to be educated on the state of the CBD industry to make the best purchasing decisions in the present moment. They also, however, need to absorb insider intel to be prepared for the changes that are coming to the domestic CBD market. I’m no Nostradamus, but I’m paid to watch the CBD industry carefully. Rely on this publication to give you the latest CBD news whenever it breaks.