CPG Week Podcast: Hemp’s Ticking Clock, The Supplements-To-Energy Pipeline
In this episode:
This week, the podcast explores the implications of the Congressional spending bill on the hemp beverage industry and why there is a silver lining to the defined timeline for product sales. Senior reporters Brad Avery and Lukas Southard also discuss Gopuff’s big investment round and why there is so much synergy between energy drinks and fitness supplements. The podcasters conclude the episode with a taste test of new beverages and snacks.
Show Highlights:
0:20 – Hemp is facing an existential crisis after Congress passed its newest spending bill, putting a 365-day timeline in place for hemp-derived beverage sales to continue. Brad and Lukas discuss what stakeholders have been saying in the last week, what we might see moving forward with lobbying efforts and what could happen in the broader cannabis industry.
8:00 – Gopuff has secured a $250 million investment as it puts more resources behind its artificial intelligence technology that will make the online grocery delivery platform more efficient.
9:00 – Another fitness supplement brand, RAW Nutrition, is aiming to go deeper in energy drinks with its BUM Energy brand by adding significant industry experience to its team. Brad and Lukas discuss the trend of gym supplement brands finding a broad consumer base with energy drinks.
12:45 – For the first time in a long time, Brad and Lukas are in the same room recording so the two reporters decided to try new food and drink together and discuss how these samples represent some trends in their respective categories.
About CPG Week
CPG Week is the podcast that explores the latest happenings in the consumer packaged goods industry. Join our seasoned reporting team as they dish out the week’s stories in quick, easy-to-digest episodes. Catch up on the top headlines of the week, dive into exclusive insights with the BevNET and Nosh teams, and set yourself up to make more informed business decisions. Tune in to stay up-to-date on the latest developments in the dynamic world of packaged food and beverage.
New episodes are released every week. Send us comments and suggestions anytime to cpgweek@nosh.com.
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