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CAN: 1933 Industries pauses CBD manufacturing division

1933 Industries Inc. will be suspending its Canna Hemp CBD consumer packaged goods subsidiary as it assesses the viability of the CBD market going forward. "The market demand for hemp-infused CBD products has continued to decrease since the COVID pandemic, primarily due to increased competition, the closure of brick-and-mortar stores, and customers exiting the CBD category. The lack of federal rules on CBD products and the grey area surrounding the introduction of psychoactive Delta 8 compounds into products under the ambiguity of the Farm Bill continue to erode the traditional CBD market and hinder future growth," the company says.

For more information:
1933 Industries
[email protected]
1933industries.com

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