The U.S. Cannabidiol (CBD) Market is expected to grow with a CAGR of 28.6% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.
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The U.S. cannabidiol (CBD) market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to a favorable market scenario.
The major players dealing in the U.S. cannabidiol (CBD) market are introducing a strong range of products. This helped companies to maximize sales with an enhanced product portfolio.
Cresco Labs is headquartered in Illinois, U.S. as a public ownership. The company focuses on cultivation, manufacturing, extraction, and packaging of cannabis. It has several brand categories which are Cresco, Cresco Reserve, High Supply, Mindy's, Good News, Remedi, Wonder Wellness Co., FloraCal Farms, Sunnyside, out of which High Supply, Mindy's, FloraCal Farms are focused category. The company has global presence across North America. Company have subsidiaries which are Cresco Yeltrah, LLC (U.S); Phoenix Farms of Illinois, LLC (U.S.); PDI Medical III, LLC (U.S.); Bluma Wellness Inc. (U.S.); Cultivate Holdings, LLC (U.S.); among others
EcoGen Biosciences headquartered in Colorado, U.S. as private ownership. The company focuses on CBD manufacturing, and supplying of specialty hemp derived ingredients. The company have product which are CBD Distillate, CBD Isolate, Water Soluble CBD, CBG Isolate, CBN Isolate, Finished Goods out of which CBD Distillate, CBD Isolate are market focused product The company has wide global presence across North America, Europe, Asia-Pacific, Middle East and Africa.
Canopy Growth Corporation
Canopy Growth Corporation Incorporated is headquartered in Ontario, Canada public ownership. The company focuses on the manufacturing of best-in-class cannabis with personal health and wellness. The company have business category which are Global Cannabis, Other Consumable Products out of which Global Cannabis are focused business category. The company have several product categories which are First + Free, Martha Stewart, Quatreau, SurityPro, out of which First + Free, Martha Stewart are focused product category. The company has wide global presence across North America, Europe, Asia-Pacific, Middle East and Africa. Company have subsidiaries which are Tokyo Smoke (Japan); Spectrum Therapeutics (Canada); STORZ & BICKEL GmbH & Co. KG (Germany); THE SUPREME CANNABIS COMPANY INC WS (Canada); AV Cannabis Inc. (Canada); among others
U.S. Cannabidiol (CBD) Market – Industry Trends and Forecast to 2029