CV Sciences was founded in 2010 and focuses on two major markets: pharmaceuticals and consumers. CV Sciences sells various botanical-based CBD products for consumers and can be founded in health food stores. Their current pharmaceutical pursuits include the development of a cannabidiol-based medicine pending FDA approval. CV Sciences acquired CanX in 2015 and is working on developing a nicotine and CBD gum to fight tobacco addiction.
CBD oil is primarily used to relieve pain, reduce anxiety and depression, and is even used to fight symptoms in illnesses such as cancer, multiple sclerosis, and epilepsy. The passing of the Farm Bill in 2018 has made it easier to sell CBD products in the United States, although it is still not sold everywhere. The CBD market is one of the fastest-growing markets today. In 2016, Forbes reported that the market is expected to manifest a 700% increase in four years, reaching $2.1 billion by 2020. In this guide, we’ll be going over the top cbd companies, both domestic and global, to help you source for what you need.
Table 1 – Top U.S.-based Suppliers of CBD Oil
Cannabidiol (CBD) oil is a chemical compound found in the Cannabis sativa plant. It is only one of hundreds of cannabinoids, but makes up for 40% of the plant’s extract, coming from the flowers and leaves. As CBD suppliers can tell you, CBD is becoming one of the highest growing homeopathic medicines and is well-known for its pain relief properties. Cannabidiol is non-psychoactive and CBD oils are made from extracting cannabidiol from the cannabis plant and then adding an emulsifier, commonly hemp or coconut.
If you’d like to learn more about the business side of things, including sourcing, regulations, and more, you can also check out our guide on how to start a cannabusiness.
Gaia Herbs has an extensive product line of natural remedies and supplements; included in this list is their hemp extract oils, sold in different sizes. Founded in 1987, Gaia Herbs has made a commitment to creating sustainable and clean products. They are a Certified B company, as a commitment to their environmental and social responsibilities. Gaia Herbs products are chemical fertilizer and pesticide-free and do not use GMO seeds.
Please note: While cannabis, CBD, hemp, and other products have been undergoing a wave of legalization across the US, laws still vary from state to state. Since these products are so new to the market, regulation of them is still ongoing; even the FDA has only had time so far to approve prescription CBD products. Because of this, it’s important to find a reputable supplier. CBD buyers should look for:
For information about the global CBD oil market size, top CBD oil companies, and the latest market opportunities and market trends, please see Technavio’s Global CBD Oil Market Report 2020-2024, or download your FREE Global CBD Oil Market Report Sample now!
Elixinol is best known for manufacturing and producing high-quality natural and organic hemp products. The Elixinol Group’s portfolio includes three main segments: Elixinol Australia, focused on medicinal cannabis; Hemp Foods Australia, selling food products; and Elixinol USA, which markets dietary supplements. Elixinol USA is the group’s largest business, producing and distributing CBD nutraceuticals to the US market and to other countries including Brazil, Japan, Puerto Rico, and the UK. Elixinol is the first firm to launch a CBD product in Japan. Today, the company follows a disciplined approach to drive growth, backed by investment in production capabilities in Colorado.
Global CBD Oil Market Analysis 2020 – 2024
IRIE CBD is one of the leading health and wellness products companies, focused on providing organic options for health and wellness and high-quality CBD hemp products at affordable prices. Its CBD products are sourced exclusively from non-GMO, organically grown, sustainable hemp to phytonutrient-rich hemp oils and terpenes. Last year, the company launched two new products, adding to its ever-expanding portfolio of CBD health and wellness products.
Download related report sample for FREE: Global Legal Marijuana Market 2018-2022
Endoca is among the leading CBD oil companies and one of the largest CBD oil manufacturers by volume. The company is based out of Europe with an office in the US. It claims to manufacturer products from certified organic and natural cannabis (hemp) plants, grown and cultivated without pesticides or herbicides. Endoca produces hemp products such as CBD oil and other cannabinoids, and it grows, harvests, and processes its plants itself, using its own equipment and machinery to deliver the finished products. The company also has its own shipping and warehouse facility. Endoca’s next big step is to use solar energy as a sustainable source of power.