Consolidations and Crackdowns: Hemp Insiders Predict a Dim 2022
– Hemp Industry Daily
Hemp Industry Daily recently featured Global Widget’s Vince Gillen, vice president of sales, to get his insight and predictions for the 2022 Hemp industry. Hemp Industry Daily asked a variety of Hemp insiders to make projections about the shape of the industry through the new year. Continue to read to learn more about Gillen’s predictions for 2022.
In retail, the “CBD category” will broaden to a “Hemp-derived cannabinoids” category. Within this category, Delta-8 and Delta-9 THC products will become more prevalent while the number of CBD products includes known sellers.
CBD Gummies will continue to dominate as the most popular product form for consumers.
As for Delta-8, 60% of those product sales will be gummies with vape products making up the rest. Gummies will account for 90% to 95% of Delta-9 product sales.
Finally, the competition between retailers and licensed dispensaries will intensify because of the popularity of low-THC, Hemp-derived products available to consumers at local retail stores.
Read Hemp Industry Daily’s full release featuring Global Widget’s Vice President of Sales, Vince Gillen.
January 3, 2022