The global industrial hemp market will reach 15.26 billion by 2027, with a revenue-based Compound Annual Growth Rate (CAGR) of 15.8%. If these numbers tell a story, it’s that the market for industrial hemp industry is going nowhere but up.
With such bright prospects and a 2018 Farm Bill that overturned societal and federal stigma towards hemp, investment has skyrocketed in the hemp industry. The increase is also fueled by a growing preference for eco-friendly products and increased awareness of the dietary and medical benefits of hemp.
However, it’s one thing to invest and a completely different ball game to succeed.
So, which industrial hemp companies are leading the way in the U.S. market? Where should you invest?
7 of the Largest Industrial Hemp Companies in America
Looking forward to investing in hemp stocks? These top hemp companies may of interest to you:
1. Charlotte Web Holdings
Colorado-based Charlotte Web Holdings was founded by the Stanley Brothers and later named after Charlotte Figi – a girl whose story left a permanent footprint in the medical cannabis sector. Vertically integrated, the company oversees every step of their production process to ensure high-quality products.
Their mission is to improve life through natural means, which they’re currently achieving through the responsible growth of non-GMO hemp. Manufacturing is done in an FDA-recognized facility and the company has been 3rd-party verified for Good Manufacturing Practices.
With over 8000 retail locations selling its products, hundreds of acres of family-owned farms, and rigorous quality control practices, Charlotte Web Holdings remains one of the biggest industrial hemp companies by market share and shows no signs of slowing down.
2. Bluebird Botanicals
The 2018 winner of Cannabis Business Awards, Bluebird Botanicals is one of the best manufacturers of CBD oil and Avant-Garde hemp extracts. The company is among the earliest pioneers in the hemp industry and continues to set the bar high when it comes to quality control standards.
BlueBird has partnerships with farmers in Colorado for growing industrial hemp in sustainable greenhouses, where both parties coordinate to produce hemp that’s rich in CBD and terpene. The Carbon (IV) oxide extraction system they use is environment-friendly and set up according to Current Good Manufacturing Practices (CGMPs).
The company also uses a system known as Batch Database to efficiently track the lifecycle of each batch of hemp, which includes Certificates of Analysis (COAs) for hemp-derived products. The COA is granted by independent 3rd party organizations that test each product for prospective microbial life, potency, residual solvents, mold, pesticides, and heavy metals. They also check the complete CBD profile to ensure it’s contaminant-free.
With such emphasis on quality control, Blue Bird Botanicals promises to be an industry leader for years to come.
3. CV Sciences
CV Sciences manufactures CBD-based wellness products and pharmaceuticals. Recently, it caught the attention of the hemp industry when it announced the development of a CVSI-007 – pharmaceutical chewing gum that’s laced with nicotine and synthetic CBD to help cigarette smokers overcome tobacco addiction.
While its stock tanked momentarily in 2018 following securities fraud allegations, little came out of the accusations and CV Sciences bounced back quickly. It even went on to be the first hemp company to receive FDA’s Generally Recognized as Safe Status.
Today, it’s one of the most profitable companies in the U.S. hemp industry.
4. Isodiol International Inc.
Isodiol International Inc. is among the few public industrial hemp companies with a global presence. It has operations in Canada, the U.K., China, and Europe. Isodial mainly manufactures CBD-based wellness products and pharmaceuticals.
While giving former NFL star, Marvin Washington, a seat on its board of directors was what made news headlines, one of its subsidiaries recently got approved by the U.K. Medicines and Healthcare Products Regulatory Agency (MHRA). The approval means the company can legally use CBD as an active ingredient in the production of its pharmaceuticals and opens the door for the company to expand its global reach.
With an ever-growing global presence, Isodiol International has what it takes to be the best hemp company in the world.
5. Gaia Herbs
Since being founded in 1987, Gaia Herbs has demonstrated a remarkable commitment to manufacturing clean and sustainable hemp products. It boasts an extensive product line of natural supplements, including hemp-derived oil. All of their products are extracted from hemp that’s free of pesticides, chemical fertilizers, and GMOs.
As a company that’s committed to its social and environmental responsibilities, Gaia Herbs is a Certified B company. It meets high standards of proven public transparency, legal accountability, as well as environmental and social performance to help strike a balance between profit and purpose.
In a world with fast-dwindling natural resources, companies such as Gaia Herbs are spearheading a global culture shift that redefines success in business and helps build a more sustainable and inclusive economy.
Founded in 2016, CBDistillery is one of the youngest companies on this list. It focuses on manufacturing fairly-priced hemp products, which include capsules, creams, isolates, and CBD oil.
Their products don’t contain THC and are made from GMO-free hemp. They’re also tested by an independent 3rd party to guaranteed safety and quality.
7. NuLeaf Naturals
NuLeaf Naturals was founded in 2014 as a company that offers all-natural lab-tested CBD oils and hemp-based products. Like Bluebird Botanicals, NuLeaf uses a unique carbon (IV) oxide extraction system to retain the whole spectrum of CBD in the final product.
Which Hemp Company Will You Invest In?
Whether you’re looking for investment opportunities in the hemp industry or simply want to know which brand to buy hemp products from, knowing the top-performing companies can help. As a consumer, you’ll want to buy from brands that are against GMOs, pesticides, and chemical soil additives for your wellbeing.
If you’re looking to invest, you’ll want to align yourself with a company that not only performs well financially but also upholds high standards when it comes to quality control. It’s also worth considering B Certified companies. Hemp is all about sustainability and protecting the environment, and such companies have a sense of social and environmental responsibility.
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