Cannabis consumers are growing by the minute because more people are discovering its medical benefits and potential to be used in a lot of ways. Aside from that, cannabidiol (CBD) products are becoming more legal in several U.S. states which makes it more convenient to access them. Some companies are even offering to have it delivered at the comfort of their own homes.
CBD is the safest among the 85 cannabinoids found in hemp and marijuana. Contrary to tetrahydrocannabinol (THC) which it is often mistakenly identified with, CBD contains no hallucinating component which makes it safer for its users. It is legal in the U.S. and can be bought in all states without prescription.
The CBD market has enjoyed record growth in the past year, and experts are predicting it could soon hit the billion mark in just a few years time. Director of Research at Brightfield Group Bethany Gomez acknowledges that although there are many cannabis companies right now, only a few of them stand out. “Essentially everyone is trying to do hemp, but only a handful are doing it well. It's seen as easy because it can be sold online but, with restrictions on traditional marketing, it is very difficult to connect with your core consumer and even communicate why they need your product," he added in an interview.
The cannabis market is also expanding to accommodate the demand of the consumers. Now, cannabis products have gone beyond CBD oils as some companies infused the said cannabinoid in vape liquids, creams, and edibles.
As the legalization of CBD oils gains more momentum, the number of companies making the said product is also on the rise as of late. However, in this expanding market, what does it take for one to step up and take the lead?
Some companies have a shot at leading the CBD oil market because they possess these following traits:
State-Of-The-Art Equipment And Facilities
HempAmericana, Inc. (HMPQ) is poised to take the leadership position in the tight and challenging cannabis market. Its achievements have been noticed by CannaInvestor Magazine, which ran a feature story about the company.
HempAmericana is setting an example among its peers as it plans to get ahead of the competition by investing on an extraction machine which is the biggest so far. Because they own the biggest machine, they are capable of extracting top quality hemp derivatives which they use to produce pure hemp oil, rolling thunders hemp papers and nutritional hemp hearts and fiber seeds.
An important indicator of good management is the future plans of a company. HempAmericana CEO Salvador Rosillo revealed exciting times ahead. “Now we’re ready to move forward. We recently retained an accounting firm and we’re in the process of a one-year audit and up-listing to the OTCQB. In addition, we’re installing new extraction equipment, completing construction of our Augusta, Maine facility, expanding focus on M&A in high-growth areas, and increasing our investor relations outreach by communicating our new vision to investors,” he added, per Yahoo! (NASDAQ:AABA) Finance.
With state-of-the-art facilities in construction, the biggest extraction machines in the bag and plans of going public with a healthy financial performance, it is not surprising that HempAmericana is on its way to the top of the cannabis industry.
Becoming A “Pioneer”
Real Scientific Hemp Oil (RSHO) is stated to be one of the“pioneers” in the market as its brand of CBD oil products, the RSHO-X CBD liquid, was the first to be released in 2012, per Best CBD Oils. The company seeks to give the public access to CBD’s benefits amid the Drug Enforcement Administration’s strict monitoring of the cannabis plant at the time.
Additionally, RSHO does not leave its customers in the dark as it provides them the information they need concerning the production of its wide variety of CBD oils to help them make the right choice in selecting what they need.
Years Of Experience
The company 4 Corners Cannabis is well-equipped when it comes to the knowledge of the plant as its co-owners, Brian and Justin Jasiewicz, have a combined 30 years of experience in growing cannabis. The knowledge gives them the edge in making their products, especially regarding making the process right, as this ensures that what they have are of high quality.
Although the high quality comes with a high price tag, the company stated that it listens to its customers’ demands seriously and wholeheartedly, and if it receives enough requests for a price reduction, it would certainly listen and give the clients what they want “to better serve them in the future.”