RE:RE:RE:RE:This CPG multinational is sure doing well!Hemp derived CBD is allowed in the U.S, but not CBD from the actual bud of the plant, there is a big difference.
Oldweed wrote: kingbear wrote: They can't get involved with CRESCO as it is federally illegal for them to do so. Any big player that wants in has to invest in a CDN LP. Aphria should be able to land a partner.
Oldweed wrote: Possibly, it is a good fit and there are other CPG focus companies out their also looking for a partner and thier are other MJ players out their with a core focus in CPG......such as CRESCO...I think you will see established CPG brands move in to CBD first to get their feet wet in CBD first and then move into THC when the US legalizes rec. I only say this because Canada is a smaller market and is very brand restrictive, these big US companies won't dive in where their brand is shackled, at least not for now only tobacco and alcohol have been willing to take the plunge. One thing is for sure i tis gonna be an interesting year:) Sharks are circling!
I think the door to CBD products is now open in the US, only the THC remains to be legalized, this is why I think branded CPG companies will move in CBD first because their brands can't be advertised in Canada. CBD is now an acceptable CPG product as long as your not selling it as medicine with no FDA approval!