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This longtime proponent of cannabidiol components has branched out into personal care.
April 1, 2021
By: Melissa Meisel
Cannabidiol, more commonly known as CBD, is one of the most studied compounds of the 116-plus known cannabinoids found in industrial hemp. With ongoing research, the list of uses is growing and giving more hope to those looking to enhance their overall quality of life. Consider cbdMD, Inc., a leading health and wellness marketer, whose current products span from CBD tinctures to bath bombs to pet products. The company was founded in 2015 and today is sold in more than 6,000 retail outlets and is publicly traded on the New York Stock Exchange. For the fiscal year ended Sep. 30, 2020, net sales increased by 77% to a record $41.9 million. Last year, the brand entered the global beauty and skin care market with the launch of cbdMD Botanicals. The line features 15 products spanning from facial masks to body care. It’s all about self-care at this independent marketer. cbdMD Botanicals fuses cbdMD’s patent-pending broad spectrum CBD formula with all-natural plant-based oils and nutrients, resulting in a naturally-derived skin care line. Formulated without the use of parabens, cbdMD Botanicals products are vegan, cruelty-free, non-GMO, and gluten-free. Also recently launched by the company is cbdMD’s Freeze Pain Relief Gel that combines the pain-relief properties of menthol with CBD. This topical provides non-greasy, deep skin absorption and contains its broad spectrum CBD formula from non-GMO U.S. hemp. It is available in roll-on and squeeze-tube applicators in 300-, 750-, 1,500- and 3,000 mg CBD concentrations. At press time, it was announced that the company is renewing its partnership with Ken Block, professional rally and rallycross driver currently with the Hoonigan Racing division. Through this sponsorship, cbdMD’s logo will appear on Block’s official fire suit and rally car. The deal includes a range of additional integrated marketing opportunities to promote the cbdMD brand. This year cbdMD said it planned to donate up to $500,000 from its online sales to The Barstool Fund to help restaurants and bars in response to New York City’s shut down of indoor dining. In less than two months, Barstool Sports has raised more than $30 million and has reached out to more than 150 businesses and counting. So, what’s next for this CBD brand? Ken Cohn, cbdMD, chief marketing officer, Charlotte, NC, took time to chat about this company on the rise.
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