In New York, CBD and hemp oil products leader Canafarma is projecting $45 million in revenue in 2020 with an expanded product offering that includes YOOFORIC—a hemp-infused chewing gum. According to Canafarma, YOOFORIC can improve memory and cognitive function, and reduce anxiety. The gum is also “rich in naturally-occurring phytocannabinoids [and] heart healthy omega 3 and omegas 6 fatty acids.”
Canafarma is of the first companies to be granted a hemp cultivation and processing license by the State of New York. It company operates a 55-acre farm upstate to produce pesticide and GMO-free hemp and is also the only vertically-integrated producer with its own farming, processing, and research capabilities.