Industrial Hemp

Industrial Hemp Market Outlook

The global industrial hemp market was valued at approximately USD 4.9 billion in 2022 and is projected to reach USD 13.03 billion by 2035, growing at a CAGR of around 9.5% during the forecast period. The growth of the market can be attributed to the rising demand for hemp-based products, including textiles, food, and personal care items, which are gaining popularity due to their sustainability and health benefits. Additionally, increased legalization of hemp cultivation across various regions, coupled with heightened consumer awareness regarding the nutritional and therapeutic properties of hemp, has significantly contributed to market growth. Furthermore, advancements in agricultural technologies and processing methods are enabling more efficient production and utilization of hemp, further driving the market's expansion.

Growth Factor of the Market

One of the primary growth factors of the industrial hemp market is the increasing consumer preference for organic and natural products. As the awareness of health and wellness continues to rise, consumers are gravitating towards products that are free from pesticides and contain natural ingredients. Furthermore, the versatility of hemp, which can be transformed into various products ranging from textiles to food and personal care, plays a crucial role in its market growth. Legislative changes, particularly in North America and Europe, have also paved the way for large-scale cultivation of industrial hemp, contributing to its commercial viability. Additionally, the growing interest in cannabidiol (CBD) products is significantly boosting the market, as they are being integrated into various applications including health supplements and beauty products. This increasing acceptance of hemp products in mainstream markets further fuels market diversification and innovation.

Key Highlights of the Market

• Strong growth projected at a CAGR of 9.5% from 2025 to 2035.
• Rising demand for sustainable and organic products across multiple industries.
• Increased legalization of hemp cultivation driving supply chain improvements.
• Diverse application spectrum spanning food, textiles, pharmaceuticals, and personal care.
• Growing interest in CBD and other hemp-derived ingredients enhancing market dynamics.

By Product Type

Hemp Seed:

Hemp seeds are gaining recognition for their nutritional value, being rich in essential fatty acids and proteins. They are often used in health foods, supplements, and as a protein source for various dietary needs. The demand for hemp seeds is increasing among health-conscious consumers who are looking for plant-based protein alternatives. As a result, manufacturers are increasingly incorporating hemp seeds into protein powders, granola bars, and baked goods, driving the segment's growth. The growing trend of veganism and plant-based diets further bolsters the market for hemp seeds, as consumers are more inclined to seek out sustainable and nutritious options.

Hemp Seed Oil:

Hemp seed oil is prized for its high nutritional content and favorable omega fatty acid profile. It is widely used in culinary applications, cosmetics, and even as a supplement. The segment has witnessed significant growth due to increased awareness about the health benefits of hemp seed oil, including its potential to support heart health and skin conditions. Additionally, the oil’s application in personal care products, which emphasize natural ingredients, is further amplifying its market demand. With the rising popularity of clean and green beauty products, hemp seed oil has found a substantial footing in the cosmetic industry, boosting its market share.

Hemp Fiber:

Hemp fiber is known for its durability and eco-friendliness, making it a preferred material in the textile and construction industries. The rising demand for sustainable textiles and eco-friendly building materials is driving the growth of this segment. Hemp fiber can be processed into textiles, ropes, and biocomposites, and it is becoming increasingly popular among consumers who are concerned about environmental impacts. The need for sustainable alternatives to conventional materials is pushing manufacturers to explore hemp fiber's capabilities, thus expanding its application in various sectors, including automotive and home furnishings.

Hemp Protein:

Hemp protein is gaining traction as a highly digestible plant-based protein source, making it appealing to athletes and fitness enthusiasts. The segment is experiencing growth due to the increasing consumer focus on health and fitness, alongside a rise in plant-based diets. Hemp protein powder is being used in protein shakes, meal replacements, and snacks, catering to the health-conscious demographic. The clean label trend, where consumers seek transparency in ingredients, has also contributed to the increasing incorporation of hemp protein into various food products, showcasing its versatility and nutritional profile.

Hemp CBD:

The hemp CBD market is one of the most rapidly growing segments within the industrial hemp market, driven by rising consumer interest in the therapeutic benefits of CBD. Research supporting the anti-inflammatory, anti-anxiety, and pain-relieving properties of CBD has led to increased product development in the pharmaceutical and wellness sectors. With the growing acceptance of CBD-infused products, including beverages, edibles, and topicals, manufacturers are striving to innovate and provide a wide array of options to meet consumer demand. As legislation continues to evolve favorably towards CBD products, this segment is expected to maintain robust growth, attracting investments and fostering advancements in product formulations.

By Application

Food & Beverages:

The food and beverage segment is experiencing significant growth due to the increasing incorporation of hemp-derived ingredients into various products. Hemp seeds, oil, and protein are being widely used in snacks, protein bars, beverages, and more, owing to their nutritional benefits. The rising trend of healthy eating and the demand for plant-based alternatives have prompted manufacturers to explore hemp as a key ingredient in their offerings. Consumers are becoming more aware of the health benefits of hemp-based foods, leading to increased product launches and innovations aimed at tapping into this growing market segment.

Textiles:

The textiles application segment is witnessing a renaissance as sustainability becomes increasingly crucial to consumers. Hemp fiber, known for its strength and durability, is finding its way back into fashion and textile manufacturing. Brands are leveraging hemp to produce eco-friendly clothing and accessories, contributing to the sustainable fashion movement. Additionally, the natural antibacterial properties of hemp make it an attractive choice for textiles, further enhancing its appeal. As consumers seek more sustainable options, the demand for hemp textiles is poised for growth, with more fashion brands incorporating it into their collections.

Personal Care Products:

Personal care products made with hemp-derived ingredients are gaining popularity as consumers seek natural and organic alternatives. Hemp seed oil and CBD are being incorporated into skincare, haircare, and cosmetic products due to their nourishing properties. This segment is benefiting from the growing trend of clean beauty, where consumers prefer products with minimal chemicals and synthetic ingredients. Furthermore, the therapeutic effects of CBD are driving the development of hemp-infused personal care items, catering to consumers looking for holistic wellness solutions. The rise of eco-conscious consumers is likely to continue pushing growth in this segment.

Pharmaceuticals:

The pharmaceutical application of industrial hemp is expanding rapidly, particularly concerning the use of CBD for therapeutic purposes. Clinical studies indicating the potential benefits of CBD in treating conditions such as epilepsy, chronic pain, and anxiety disorders are propelling the segment's growth. As regulatory frameworks evolve to accommodate cannabis derivatives, the pharmaceutical potential of hemp-based products becomes more apparent. As a result, pharmaceuticals derived from hemp are gaining traction, leading to increased investments in research and development. The intersection of health and wellness with regulatory advancements is positioning this segment for substantial growth in the coming years.

Automotive:

The automotive industry is increasingly turning to hemp-based materials as manufacturers seek sustainable alternatives to conventional plastics and composites. Hemp fiber is being used to produce lightweight and eco-friendly auto parts, contributing to the growing focus on sustainability in vehicle manufacturing. The potential for hemp to reduce the overall weight of vehicles while maintaining structural integrity presents significant advantages for automotive companies aiming to improve fuel efficiency. Furthermore, hemp-based materials can reduce carbon footprints, aligning with the automotive sector's shift towards greener practices. This innovative application of industrial hemp is expected to gain momentum as environmental considerations drive industry changes.

By Distribution Channel

Online Stores:

Online stores are becoming a crucial distribution channel for industrial hemp products, particularly due to changing consumer shopping behaviors accelerated by the COVID-19 pandemic. E-commerce platforms provide convenience and accessibility, allowing consumers to explore a broader range of hemp-based products from the comfort of their homes. This channel facilitates the sale of specialty items, such as CBD products, which often require detailed product information that online platforms can effectively provide. As more consumers turn to online shopping, businesses are increasingly investing in their online presence to capture this growing market segment.

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets serve as essential distribution points for industrial hemp products, particularly food and personal care items. These large retail outlets provide consumers with the opportunity to discover hemp products alongside other groceries and health items. The increasing trend of health-conscious consumerism is prompting supermarkets to expand their product ranges to include hemp-based foods, oils, and personal care products. This accessibility is crucial for educating consumers about the benefits of hemp, further driving market growth as conventional shopping habits evolve.

Specialty Stores:

Specialty stores focusing on health and wellness are critical distribution channels for industrial hemp products. These stores often curate a selection of high-quality, organic, and natural products, including hemp seeds, oils, and CBD items. The knowledgeable staff in specialty stores can provide valuable information to consumers about the benefits and uses of hemp, enhancing customer experience and fostering trust in the products. As consumer interest in hemp-based products continues to rise, specialty stores are becoming increasingly popular destinations for those seeking authentic and unique offerings.

Convenience Stores:

Convenience stores are emerging as a growing distribution channel for industrial hemp products, particularly in urban areas where consumers prioritize accessibility and quick purchases. With the rising awareness and demand for hemp-based snacks, beverages, and supplements, convenience stores are adapting their product offerings to include hemp-derived items. This trend aligns with the growing movement toward healthier on-the-go options, making hemp products readily available to a broader audience. As convenience stores expand their health food sections, the presence of industrial hemp products is likely to increase significantly.

B2B:

B2B distribution channels are vital for industrial hemp, particularly for products used in manufacturing and processing. This segment includes sales of raw hemp materials, such as fiber and seeds, to manufacturers in the textile, automotive, and food industries. The growth of the industrial hemp market is reflected in the rising demand for sourcing quality hemp materials for production processes. As industries continue to seek sustainable materials, B2B transactions are expected to flourish, establishing strong supply chains that support the overall growth of the market.

By Ingredient Type

CBD:

Cannabidiol (CBD) is among the most sought-after ingredients derived from industrial hemp due to its therapeutic properties. The market for CBD continues to expand across various sectors, including food, beverages, cosmetics, and pharmaceuticals. With growing scientific research highlighting the potential health benefits of CBD, consumer interest is surging, leading to a wide array of product formulations. As legislative frameworks become more favorable for the commercialization of CBD-infused products, the demand for high-quality CBD extracts is expected to rise, influencing market dynamics significantly.

THC:

Tetrahydrocannabinol (THC), though primarily associated with recreational cannabis, is also found in industrial hemp. The market for THC is more restricted compared to CBD, but it is gaining traction in regions where legislation is supportive. THC's psychoactive properties are being explored for therapeutic applications, particularly in chronic pain management and palliative care. As research progresses, and with increasing acceptance of cannabis in general, the potential applications for THC may expand, presenting opportunities for market growth in legal frameworks.

Cannabinol:

Cannabinol (CBN) is another hemp-derived compound that is gaining attention for its sedative properties and potential benefits in sleep disorders. The market for CBN is still in its nascent stages, but as consumer awareness of alternative wellness solutions increases, the demand for CBN products is expected to grow. Manufacturers are beginning to explore CBN for use in supplements, beverages, and topical applications, thus broadening the scope of hemp's therapeutic potential. This ingredient could cater to the wellness trend focusing on sleep and relaxation, which is becoming increasingly relevant in today’s fast-paced world.

Cannabigerol:

Cannabigerol (CBG) is another cannaboid that is gaining a foothold in the industrial hemp market. Known as the "mother of all cannabinoids," CBG is non-psychoactive and is being researched for its potential anti-inflammatory and antibacterial properties. As the market for hemp-derived ingredients diversifies, CBG is emerging as a key component in the development of new product formulations aimed at health and wellness. As interest in cannabinoid-based products grows, CBG is poised to attract attention from consumers looking for innovative and natural solutions.

Terpenes:

Terpenes are aromatic compounds found in hemp that contribute to its unique scent and flavor profiles, as well as potential therapeutic benefits. The market for terpenes is expanding, especially within the cosmetics and food sectors, where they are utilized for flavoring and fragrance. Additionally, the entourage effect, where terpenes work synergistically with cannabinoids, is driving research into how terpenes can enhance the effectiveness of hemp products. As consumers become more aware of the holistic benefits of natural ingredients, terpenes are likely to play a more prominent role in product formulations, enhancing their appeal.

By Region

North America stands out as the largest market for industrial hemp, accounting for over 40% of the global market share in 2022. The region's growth has been propelled by the legalization of hemp cultivation and the burgeoning demand for hemp-derived products, especially CBD. The United States has witnessed a dramatic increase in hemp farming since the 2018 Farm Bill, which removed hemp from the list of controlled substances. This legal clarity has enabled farmers to cultivate hemp more freely and has spurred innovation in product development across various industries. The North American industrial hemp market is expected to maintain a robust CAGR of approximately 10% during the forecast period, driven by rising consumer awareness and demand for sustainable products.

Europe is the second-largest market for industrial hemp, with a significant market share of around 30% in 2022. The region has seen a rise in hemp cultivation, especially driven by countries such as France and Germany, which have favorable regulations in place. The growing interest in hemp-based food products and textiles is propelling the market forward, as consumers embrace the sustainability and health benefits associated with hemp. The European market is projected to grow at a CAGR of 8% through 2035, supported by increasing investments in hemp farming and product innovation across various applications.

Opportunities

The industrial hemp market presents a myriad of opportunities for growth, particularly as consumer demand for sustainable and natural products continues to rise. The versatility of hemp allows it to be utilized in various sectors, including textiles, food and beverages, personal care, and construction, creating a fertile ground for innovation and product differentiation. The increasing acceptance of hemp-derived ingredients in mainstream markets is driving businesses to invest in research and development, leading to the creation of new applications and formulations. Additionally, the expansion of e-commerce platforms is opening up new avenues for reaching consumers, allowing businesses to capitalize on the growing online shopping trend. As more regions embrace legalization and supportive regulations surrounding hemp cultivation, new markets are expected to emerge, providing businesses with opportunities to expand their reach and enhance profitability.

Another exciting opportunity lies in the growing interest in sustainable practices, as consumers and businesses alike seek eco-friendly alternatives to traditional materials. Industrial hemp's low environmental impact in terms of water usage and soil health positions it as a favorable choice for industries aiming to reduce their carbon footprint. Furthermore, the research community continues to explore the therapeutic benefits of various hemp compounds, opening doors for advancements in pharmaceuticals and wellness products. As the market matures, collaborations between farmers, manufacturers, and researchers could lead to breakthrough innovations, ultimately elevating industrial hemp's profile across diverse applications.

Threats

Despite the promising outlook for the industrial hemp market, several threats could impede its growth trajectory. Regulatory challenges remain a significant concern, particularly in regions where the legalization of hemp cultivation is still under discussion or has not been fully implemented. Fluctuations in regulations can create uncertainty for farmers and manufacturers, potentially leading to inconsistencies in production and supply chains. Additionally, the market is susceptible to fluctuations in consumer preferences, as trends can shift rapidly, impacting product demand. This volatility could pose risks for businesses that are heavily invested in specific hemp applications. Furthermore, the presence of counterfeit products and lack of quality control in the market could undermine consumer trust, affecting overall market credibility.

Restraining factors such as a lack of awareness about industrial hemp among consumers also pose challenges to market growth. While the popularity of hemp-derived products is increasing, there are still segments of the population that may not fully understand the benefits or uses of hemp. This gap in knowledge can limit the market's potential reach. Additionally, competition from alternative plant-based materials and products could pose a threat to the industrial hemp market, especially if these alternatives are perceived as more accessible or cost-effective. Lastly, any adverse findings related to the health effects of hemp-derived products could lead to consumer pushback, potentially impacting market growth.

Competitor Outlook

• Hempco Food and Fiber Inc.
• Canopy Growth Corporation
• Charlotte's Web Holdings, Inc.
• Cresco Labs
• Green Thumb Industries
• Hempseed Health Inc.
• Hemp Oil Canada Inc.
• Nutiva, Inc.
• Balanced Health Botanicals
• Elixinol Global Limited
• CV Sciences, Inc.
• New Holland Agriculture
• Ginkgo BioWorks, Inc.
• AgriLife Limited
• HempFusion Wellness Inc.

The competitive landscape of the industrial hemp market is characterized by a mix of established players and emerging startups that are driving innovation and market growth. Companies are increasingly focusing on product diversification and quality enhancements to capture consumer interest and loyalty. This competition is fostering an environment of continuous improvement, with businesses investing in research and development to leverage the full potential of industrial hemp. Additionally, strategic partnerships, mergers, and acquisitions are becoming common strategies as companies seek to expand their product portfolios and market reach. The race to establish brand credibility and consumer trust is paramount, especially in a market that is still evolving in terms of regulation and public perception.

Major companies such as Canopy Growth Corporation and Charlotte's Web Holdings, Inc. are leading the charge in the hemp and CBD sectors, leveraging their extensive distribution networks and strong brand recognition. Canopy Growth, for instance, has made significant strides in the cannabis space, establishing itself as a key player with a comprehensive range of hemp-derived products. The company's innovative approach to product development, along with its strategic investments, has positioned it well for continued growth in the evolving market landscape. Meanwhile, Charlotte's Web is renowned for its high-quality CBD products and commitment to transparency, which has resonated well with consumers looking for reliable hemp-based solutions.

Other notable players like Cresco Labs and Green Thumb Industries are also making significant contributions to the market’s growth through their diverse product offerings and expansive operational capabilities. These companies focus on cultivating high-quality hemp and developing unique products that target different consumer segments. Their ability to navigate the complex regulatory environment effectively while ensuring product quality sets them apart in this competitive landscape. As the industrial hemp market continues to mature, these key players, along with emerging innovators, are likely to shape its future direction, driving advancements and setting industry standards.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Cresco Labs
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Nutiva, Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 AgriLife Limited
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 CV Sciences, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Hemp Oil Canada Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Hempseed Health Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Ginkgo BioWorks, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Green Thumb Industries
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Elixinol Global Limited
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 New Holland Agriculture
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 HempFusion Wellness Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Canopy Growth Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Balanced Health Botanicals
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Hempco Food and Fiber Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Charlotte's Web Holdings, Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Industrial Hemp Market, By Application
    • 6.1.1 Food & Beverages
    • 6.1.2 Textiles
    • 6.1.3 Personal Care Products
    • 6.1.4 Pharmaceuticals
    • 6.1.5 Automotive
  • 6.2 Industrial Hemp Market, By Product Type
    • 6.2.1 Hemp Seed
    • 6.2.2 Hemp Seed Oil
    • 6.2.3 Hemp Fiber
    • 6.2.4 Hemp Protein
    • 6.2.5 Hemp CBD
  • 6.3 Industrial Hemp Market, By Distribution Channel
    • 6.3.1 Online Stores
    • 6.3.2 Supermarkets/Hypermarkets
    • 6.3.3 Specialty Stores
    • 6.3.4 Convenience Stores
    • 6.3.5 B2B

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Industrial Hemp Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Industrial Hemp market is categorized based on

By Product Type

• Hemp Seed
• Hemp Seed Oil
• Hemp Fiber
• Hemp Protein
• Hemp CBD

By Application

• Food & Beverages
• Textiles
• Personal Care Products
• Pharmaceuticals
• Automotive

By Distribution Channel

• Online Stores
• Supermarkets/Hypermarkets
• Specialty Stores
• Convenience Stores
• B2B

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Hempco Food and Fiber Inc.
• Canopy Growth Corporation
• Charlotte's Web Holdings, Inc.
• Cresco Labs
• Green Thumb Industries
• Hempseed Health Inc.
• Hemp Oil Canada Inc.
• Nutiva, Inc.
• Balanced Health Botanicals
• Elixinol Global Limited
• CV Sciences, Inc.
• New Holland Agriculture
• Ginkgo BioWorks, Inc.
• AgriLife Limited
• HempFusion Wellness Inc.