The country’s low unemployment rates may be the contributing factor to higher spending on food and beverage By NACS Online // June 10, 2019 CHICAGO – According to the IRI Consumer Connect Survey, food and beverage sales among millennials were 21.5% higher in March 2019 compared to March 2018. That number fell 3.8% among retirees…
June 4, 2019 // www.marketwatch.com Hearing ‘highlighted messy state of the industry, with widespread use of CBD products with minimal standardization,’ says analysts. Cannabis stocks were mostly lower Monday, as investors digested the first reports from Friday’s regulatory hearing on cannabis and its ingredients and the news that Illinois is legalizing weed for adult recreational…
Calvin Hughes // www.civilized.life // May 19, 2019 As cannabis becomes increasingly normalized, big-name food brands are getting in on the trend. Legal weed is big business these days. The industry pulled in $12.2 billion globally last year by some estimates, and profits are expected to continue seeing masive growth over the next couple of…
From Memorial Day to Labor Day, summer is America’s busiest snacking season By NACS Online // May 24, 2019 The summer season is packed with snacks. To explore just where, when and how Americans will snack this summer, Frito-Lay has unveiled the next installment of its U.S. Snack Index. Snacks play an integral role in…
The COO said the company would eventually quit nicotine, as well By NACS Online // May 24, 2019 Philip Morris International has a vision for the future, and it doesn’t include cigarettes, FOX Businessreports. COO Jacek Olczak told FOX’s Stuart Varney that the company will “absolutely 100%” going smokeless. “We can un-smoke consumers—we can un-smoke…
By Patrick Cooley // The Columbus Dispatch // May 27, 2019 Ohio’s medical marijuana industry is more tightly regulated than any other type of business in the Buckeye State, and industry insiders say that regulation has delayed the opening of many dispensaries. Four months after dispensaries were officially allowed to sell marijuana in Ohio, only 17…
By Kyle Jaeger // www.marijuanamoment.net // May 28, 2019 The U.S. Department of Agriculture (USDA) said on Tuesday that hemp can be transported across state lines-even through states that haven’t enacted laws allowing the crop’s production-and that the descheduling of the plant and its derivatives under the 2018 Farm Bill are already in effect because…
Former FDA commissioner had targeted convenience retailers while in office By NACS Online // May 30, 2019 Dr. Scott Gottlieb, former commissioner of the U.S. Food and Drug Administration (FDA), discussed e-cigarettes with Axios Media business editor Dan Primack in a May 23 Axios podcasttitled “The War on Vaping.” In the wide-ranging interview, Gottlieb acknowledged…
The agency may limit the amount of CBD in food and drinks; public hearing is set for Friday, May 31st By NACS Online // May 30, 2019 On Friday, May 31st, the U.S. Food and Drug Administration will hold its first public hearingon how the federal government should regulate cannabidiol (CBD) products, and it may end…
43% of millennials purchase more food from c-stores now than three years ago By NACS online // May 20, 2019 ALEXANDRIA, Va.—Convenience stores are giving quick-service restaurants a run for their money, especially among younger shoppers. Foodservice sales account for 23% of sales at convenience stores in the U.S., according to NACS State of the…