The largest CBD company in the U.S. Charlotte’s Web, with a revenue of $74.13 million. As of 2021, the U.S. CBD industry has a market size of $12.8 billion. As of 2020, one-third of all Americans have used CBD products. After industrial hemp farming was legalized in 2018, the world of commercialized CBD seemed to be flooded overnight with both startups and well-established companies. Even though this industry has plenty of potential for growth, there are still some challenges to being a company in the CBD industry. Many CBD products are still federally illegal, and because of this and the fact that they are health supplements, the FDA has pulled no punches with enforcing the rules surrounding them. Other challenges for businesses in this field include market oversaturation and customers realizing that they want high-quality CBD products and becoming choosier with their purchases. Through it all, many companies have firmly established themselves in the industry and seem to be here to stay.
In this article, you’ll find a list of 15 of the largest CBD companies in the U.S. Charlotte’s Web was founded in 2011 by seven brothers who wanted to help people all over the world manage their pain. The company’s name reflects this mission, as it’s named after Charlotte Figi, a young girl suffering from a rare form of epilepsy. Her illness and the seizures that came with it didn’t respond to medication but did respond to the CBD from a strain of marijuana that the brothers developed specifically for her. Charlotte’s Web’s most recent product lines are CBDMedic and CBD Clinic, developed by Abacus Health Products. These combine CBD with other pharmaceutical ingredients for both over-the-counter and prescription use. The company also partners with philanthropic organizations around the state of Colorado and the country. These include Denver Urban Gardens, Children’s Hospital Colorado, Adaptive Training Foundation, and Women’s Bean Project. One of the oldest organizations on this list, Gaia Herbs was founded in 1987 in North Carolina’s Blue Ridge Mountains.
In addition to its hemp and CBD lines, the company sells a wide variety of products made from dozens of herbs and spices. These include black elderberry, turmeric, maca, agave, and acacia, to name just a few. The company’s hemp-based products come in the form of liquid extracts and capsules, and many of them include additional herbal ingredients to help further alleviate specific health concerns. 3. Pure Hemp Botanicals. The company offers pet products, body care, mints, and even teas to promote immune health, peaceful sleep, and pain relief in customers. In addition to its individual products, Pure Hemp Botanicals offers subscription plans for softness and tinctures based on the strength of CBD customers need and want. Pure Hemp Botanicals also donates a portion from every sale to several different charitable organizations. Founded in 2015, cbdMD offers CBD tinctures, Vitality Vibes Gummies effects, topical solutions, bath bombs, oils, and pet products. The company has also partnered with a number of professional and amateur athletes to promote cbdMD, including Bubba Watson, Daniel Cormier, Chael Sonnen, Jamie O’Brien, and Leah Pruett.
Medical Marijuana, Inc. is a holding company whose subsidiaries include HempMeds and Kannaway, companies that are present in the U.S., Brazil, and Mexico. These companies’ brands include Real Scientific Hemp Oil, Dixie Botanicals, Cannabis Beauty Defined, Revive, Canchew, and Kannakick. Medical Marijuana started in 2009 and is the first publicly traded cannabis company in the U.S. It was also the first to ship cannabis between state and international borders. The company sells CBD oil, tinctures, and capsules. As a result, the company is known for its quality control, its user-friendly dosage measurement tools, and being a well-established company before the CBD market fully took off. The company offers topicals, edibles (which include chocolate and gummies for stress relief), oils, and capsules, as well as coffee, bath bombs, and pet products. Medterra was founded in 2017 and offers only THC-free products, as opposed to some companies that offer products with THC below the legal limit.