DSM Remodels Nutrition Business With Fundamental Piece – Cannabinoid Ingredients
Royal DSM and Colorado’s Mile High Labs partner to provide companies in supplement, food and beverage sectors with ingredients to develop formulations with CBD and other cannabinoids. They initially are targeting the US and look to enter Canada, South America, Europe and Australia.
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Sale is among options it’s considering for materials business, which is currently “managed largely on a standalone basis.” Its health, nutrition and bioscience segments account for 80% to 85% of total sales and will operate as individual business groups.
Food ingredient firm Arcadia Biosciences acquired CBD supplements and coconut waters from rapper Jay-Z’s cannabis market holding company and is thinking about opportunities to expand into additional cannabinoid segments, including beverages.
FDA is testing cannabidiol and other cannabinoids for whether labeled amounts match what’s in a product, says CFSAN Deputy Director Doug Stearn. The work is supported with $5m provided in the agency’s FY21 appropriation.