Summary
Edible hemp products or superfood refers to Cannabis sativa or industrial hemp. In general, hemp is a rich source of functional metabolites, such as tetrahydrocannabinol (THC), cannabidiol (CBD), and other cannabinoids. Hemp has been widely used in food products, such as bread, cookies, meatballs, energy bars, cooking oil, snacks, and crackers. Hemp has been used for development of cosmetics and supplements. However, the use of hemp is far below its potential because of major challenges such as non‐cost‐effective extraction and isolation, stability and toxicity of the extracts, and legislation related to the use of the extracts. This narrative review comprehensively analyses major phytochemicals in hemp and hemp extracts, and also discusses the most common challenges in applications of hemp‐derived phytochemicals and hemp extracts in food and pharmaceutical products like stability, toxicity, legal limitations, isolation/extraction and purification. In addition, this review outlines current applications of hemp extracts and proposes future trends for utilising hemp phytochemicals and extracts in food, cosmetic and pharmaceutical products to increase applications of hemp extracts and their phytochemicals for health benefits.