Retail pharmacies may know about CBD because the Food and Drug Administration in 2018 approved a CBD isolate, Epidiolex, from GW Pharmaceuticals. But the conditions for which Epidiolex was approved are limited to two rare, child-onset epileptic conditions.
2022 Product Trends
In any event, there is still a market for topicals, which the FDA regulates at a lighter threshold than foods or drugs.
CBD is marketed in beauty products, cosmetics and other topicals primarily for its inflammation-modulating effects. By calming the skin, it can benefit those with sensitive skin irritations. It also provides pain relief.
[Read more: DNVR8 announces four new CBD products]
Topicals make up 10% of the total hemp CBD market, with an impressive growth rate forecast of 33% per year through 2024, according to market watcher Technavio.
While oil tinctures will remain the most popular format, and drinks and gummies expected to be the fastest-growing product types, hesitant retailers may dip their toes with creams, balms and lotions.
“Delivery systems are a definite trend,” said Jessica Mulligan, founder of the Winged Women’s Wellness brand. “CBD tinctures are inconvenient and messy for the consumer.
Mulligan said mission-driven brands with authentic founders continue to be important to millennials and Generation Z consumers.
Another trend for ingestible supplements is the emergence of minor cannabinoids — those other than THC and CBD — with specific health benefits. CBN for sleep and CBG for focus are the top two on the market today.
“There seems to be less resistance in the marketplace for CBG, CBN and CBC,” said Rick Trojan, director of business development at CBD Universe and vice president of the Hemp Industries Association. “I’m not sure if it’s a result of misunderstanding about CBD or the fact they are quote ‘nonintoxicating.’”
He pointed out a new trend in formulations that include CBD as part of the functional attributes with supplement-style ingredients such as valerian root, ashwagandha and turmeric.
Expect more to come on the pharma front. In 2017 Johnson & Johnson entered an agreement with cannabis firm Avicanna. In 2018 Novartis entered a supply and distribution deal with Canadian cannabis company Tilray. And just last December, Pfizer spent $6.7 billion to acquire Arena Pharmaceuticals, which has one segment of its drug pipeline dedicated to cannabinoid-type therapeutics highlighted by an investigational drug candidate called Olorinab.
CBDMedic from market leader Charlotte’s Web is a topicals line that combines THC-free hemp extract with active pharmaceutical ingredients. Its Muscle & Joint Pain Relief Ointment uses 15% menthol, 10% camphor and soothing botanical oils.
Head & Heal Focus CBG Oil grows regeneratively grown hemp from New York using novel seeds high in minor cannabinoid CBG to help with cognitive clarity.
Sagely Naturals is an elegant, pioneering brand focusing on topicals and using broad-spectrum hemp — that means no psychoactive THC. The Extra Strength Relief & Recovery Cream uses menthol and peppermint, with no synthetic fragrances, artificial colors, sulfates or parabens.
Winged Women’s Wellness is a unique brand created by and for women. A blend of 15 botanical oils in its Radiance CBD Glow Facial Oil provides deep hydration for a glowing complexion, softens the skin’s surface and soothes red or flaky skin.