Natural Products Insider spoke with Garrett Graff and other attendees of the 9th Annual NoCo Hemp Expo to reflect on the Expo and the current state of the hemp industry. The event was held in March in Colorado Springs and featured exhibits on the latest innovations, educational programming, networking events, and awards for attendees from across the country.
An excerpt from Natural Products Insider is below:
As always, NoCo Hemp Expo was a pleasure to attend: Greeting familiar faces, establishing new relationships, and observing the industry's evolution over the prior eight iterations of the show. This year was no different. As to the current state of affairs, the attention being paid to fiber and grain markets and sustainability is palpable, coinciding within the continued emergence of corporate ESG trends and focuses.
Infrastructure and production capacity continues the slow march towards commercialization. Year after year, there continues to be progress made. The promise in the fiber/grain marketplace and in the sustainable use of hemp as a disruptor in many different applications remain some of the most intriguing opportunities to investors still eyeing the space. Many investments funds much prefer investing in this space relative to cannabinoid-based products.
As to cannabinoids, the industry continues to wrestle on many fronts—amongst itself, with FDA and even, at times, with its cousins in the marijuana industry. Margins and profitability on conventional CBD products are challenging, to say the least, and unfortunately, there continues to be great consolidation amongst CBD companies given the FDA's continued [lack] of affirmative regulation and with no end in sight.
Read the full article.
Graff is a business attorney who represents clients throughout the cannabis industry on successfully obtaining licenses in numerous states in both competitive and noncompetitive licensure processes. He also represents hemp companies across the country and world on matters including import/export, cultivation, and manufacturing. He can be reached via email firstname.lastname@example.org and by phone 303-292-7901.
About Moye White LLP
Moye White LLP is a business law firm serving clients throughout the United States and internationally, with offices in Colorado and Georgia. The firm provides legal representation across a wide variety of transactional and litigation matters, offering strategic, business-oriented counsel to public, private, and governmental clients in complex business and real estate transactions and disputes. As one of the earliest national law firms to achieve B Corp certification, Moye White meets rigorous standards of social and environmental performance, transparency, and accountability. For more information, please visit moyewhite.com or contact Managing Partner Ted White at 303-292-2900 or Ted.White@moyewhite.com.