CBD company Cornbread Hemp has acquired its manufacturing partner to achieve full vertical integration. This strategic acquisition enables the Kentucky-based company to lower prices while maintaining high standards for its full-spectrum CBD products.
According to a press release, the process of vertical integration at Cornbread Hemp begins with its low-THC cannabis strain, meticulously hand-shucked to initiate the unique flower-only extraction process.
This organic hemp flower extract serves as the foundation for an array of USDA organic CBD products, including full spectrum CBD gummies, whole flower CBD oil, distilled CBD oil and a comprehensive line of CBD topical products.
Vertical integration benefits include:
- Enhanced quality control,
- Seed-to-sale tracking,
- Protection of proprietary genetics, and
- Rapid response to market trends.
Eric Zipperle, Cornbread Hemp's CEO, stated, "We're thrilled to offer affordable full spectrum CBD gummies without compromising Cornbread Hemp's renowned quality."
CBD Market In Numbers
In related news, the global market for Cannabidiol (CBD) in the consumer health market witnessed a market size of $15.8 billion in 2022, with projections indicating a substantial growth to reach $114.3 billion by 2032, showcasing a robust compound annual growth rate (CAGR) of 24.6% during the forecast period.
If you want to know more about the latest cannabis developments, consider joining us at the Benzinga Cannabis Capital Conference in Chicago on September 27-28. Get your tickets today before prices go up and secure a spot at the epicenter of cannabis investment, retail, culture, and branding.
Image by El Planteo
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