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The Next Four Years Could Be Huge For US CBD Companies
Denver -based health and wellness company is set up to flourish in a broader and more unified US CBD regulatory regime. The company has endeavored to build itself up to be the gold standard for health and safety regulatory compliance in the CBD market, allowing it the opportunity to move into newly opened markets and retailers that had not previously carried CBD products without the need for significant operational changes.
high standards have already opened doors for the company that may remain closed to other CBD companies. has developed a regulatory portfolio and the company's products are available at a combined 4,000+ retail sales locations throughout the United States , including major retailers like Whole Foods. is also working on developing trust among healthcare professionals, which may provide the company with the opportunity to sell directly to healthcare practitioner networks through two specialized medical CBD brands.
A new, more open regulatory landscape in the US will likely add to these opportunities, and could be among the first CBD companies to benefit.
specializes in broad spectrum CBD products derived from hemp, whereas most other companies derive their products from hybrid cannabis plants. The company uses an exclusive hemp-derived CBD extract fused together with other scientifically validated ingredients that support targeted areas, including skincare, nutrition, stress, sleep, and more. The company's Topical products are focused on the Over-The-Counter (OTC) drug listed market, which allows to target the formulas towards very specific applications with legally permissible health claims, such as pain. These formulas include a skin nourishing proprietary blend that includes hemp-derived CBD and so much more.
Probulin Probiotics LLC is a successful probiotics company and is pivotal in deploying the company's 'Trojan Horse' strategy as a gateway to gain access to new markets as US regulatory development accelerates over the next four years. Probulin subsidiary is a market-leading probiotics brand that does not include CBD products. Probulin, already successful and one of the fastest growing probiotic companies in the Natural products market, according to SPIN data, may allow the company to enter markets and retailers before they open up to CBD. As regulations develop, is able to use those established relationships and trust to make sure its products are among the first stocked.
Around the industry, hemp-CBD and cannabis producers are looking at Biden's victory as a source of new optimism for cannabis companies. has been one of the cannabis industry's top performers so far in 2021 since the cannabis giant merged with Aphria to become the largest company in the industry.
also celebrated the results of the election . The Canadian company has been looking south to the US market for some time now, and the regulatory headwind that cannabis companies expect from the Biden administration will likely remove barriers to US expansion.
That regulatory headwind would likely also be a boon to . Cronos announced in 2019 that the company would be expanding into the US market through the acquisition of four hemp-derived CBD subsidiaries from US-based Redwood Holding Group.
released its first quarter 2021 results on January 12 , recording extremely positive results. For adult-use recreational products, the company saw gross and net revenue growth of 42 percent and 30 percent, respectively, reaching $22.5 million and $16.8 million .
The next four years could be big days for the United States hemp-CBD and cannabis markets, and companies are looking to take advantage of the growth opportunity. For , this means using the company's uncompromising approach to compliance to gain access to new markets early as they open up.
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