As the Food and Drug Administration gathered stakeholders from both the CBD oil industry and its detractors to discuss the future of the popular hemp-derived compound last Friday for what many deemed to be a historic public hearing, many in the industry were still pushing forward with business-as-usual at last week’s Cannabis World Congress and Exposition in New York City. The event, the 6th annual, brought in over 20,000 attendees to view the nearly 170 exhibitor booths, many of which were there to show off the latest in CBD oil offerings for the sector.
The event, which featured big draws like Canopy Growth Corporation (CGC) CEO Bruce Linton and Harvest Health & Recreation’s (HRVSF) Steve White has grown into one of the premier gatherings for cannabis entrepreneurs and hopefuls over the years. As Greg Marco, President of Leading Edge Expositions, which is the organization responsible for putting together the expo each year told PotNetwork News, the growth has been exponential.
“The first year we did it we had 20 booths, 20 10x10 booths,” Marco told PotNetwork News. “Now we have 176 companies with thousands upon thousands of square feet of exhibit space.”
CBD oil was featured heavily at the show, with companies large and small displaying all different types of products, from tinctures to edibles to creams and more. PotNetwork News spoke with Degelis Tufts of the TribeTokes, an up-and-comer who was at the event to show off her new line CBD Vape Cartridges, Pods, and other accessories.
“Hemp and cannabis brands of today and tomorrow are rapidly transforming from niche, local and underground to corporate, mass-consumer facing and maintaining a global reach,” Tufts told PotNetwork News in an exclusive interview. “The murky waters of federal regulations are not stopping the entrepreneurs that you’ll see at CWCBE from creating the best cannabis products for their consumers.”
CBD oil proves its staying power at the show
Established brands in the CBD oil business were at the show also. Well-known industry leader Diamond CBD* was in attendance, exhibiting several new products to complement their popular line of CBD tinctures and gummies, including their selection of CBD Dried Fruits, CBD-infused edibles such as apples, raisins, and bananas.
The company, one of several who has been in the CBD oil business since the beginning took the opportunity to not only put their new products on display but to really connect with the industry.
Diamond showed off their new CBD Slushy machines, a sign that both the company and the industry is expanding from direct to consumer and wholesale models to different ways of reaching the market. These new slushy machines can be found in gas stations and convenience stores around the country.
“The CWCBExpo has grown into one of the premier events in the industry; it’s a gathering of the top-tier professionals in the sector,” said Kevin Hagen, CEO of PotNetwork Holding, Inc. “This year’s event was a great opportunity for Diamond CBD to solidify ourselves as one of the industry’s top brands, especially at a time when quality is such a pressing concern.”
CBD Oil continues to attract consumers
As the FDA continues to receive comments about CBD oil, one thing remains true, that CBD oil remains a big draw for consumers around the country. Companies big and small, from TribeTokes to DiamondCBD now have a built-in target demographic looking for the next big thing in tinctures, edibles and more.
And as the CWCBExpo showed, the industry is ready to line up to see what will be next.