CBM Daily Digest

Could COVID-19 Lift Hemp Biz?

The real benefit to the industry, if any, will come from the heightened awareness that will follow globally around health and wellness. As people clamber for ways to stay healthy and boost immunity, CBD and other cannabinoids will likely be on the top of everyone’s list. One thing is for sure, existing cannabis users seem to be stocking up wherever possible. CBD products at Target, CVS, and Walgreens seemed to be among medicines that sold out early across America.

OK, we have to ask, even if it’s too soon. Is the Coronavirus going to be a good thing or a bad thing for the Hemp industry?

Food Navigator outlines at least some optimism from hemp advocates. They even go so far as to quote the British Hemp Alliance is celebrating CBD’s anti-viral, anti-inflammatory, and anti-bacterial and go as far as suggesting that that CBD could protect us from the virus. We can not endorse any theories about the effect of CBD on Coronavirus, but Cannabinoids have been shown to be anti-viral in lab situations.

The real benefit to the industry, if any, will come from the heightened awareness that will follow globally around health and wellness. As people clamber for ways to stay healthy and boost immunity, CBD and other cannabinoids will likely be on the top of everyone’s list.

One thing is for sure, existing cannabis users seem to be stocking up wherever possible. CBD products at Target, CVS, and Walgreens seemed to be among “medicines” that sold out early across America. IN cannabis legal states sales were up 40-70% across the board, with delivery services in highest demand.

Stay safe out there folks.

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