Over the course of the past few years, marijuana and hemp-based CBD
has grown into a significantly large industry and now forms a major
constituent of the fast-growing cannabis industry. Plenty of companies
have emerged in the CBD space over the past few years and one of the
interesting ones to have emerged during the period is privately held
Elemental Pharma Inc.
The company is involved in the hemp-based CBD industry and the most
important thing to point out in this regard is that hemp farming, as well
as hemp-based CBD, are completely legal in the United States.
The company also boasts of a highly experienced management team
that has a combined experience of more than 100 years between them.
Since its establishment, Elemental Pharma has also set up in excess of
150 sales channels and in 2019, managed to generate revenues of$9
million. Unlike the marijuana industry in the United States, the legality
of interstate commerce and access to traditional banking services are
some of the advantages enjoyed by the hemp industry at this point.
Elemental Pharma is a classic vertically integrated company which does
everything from growing hemp to the distribution of its products to its pharmacy network. The company owns acres of land in Oregon where it grows its hemp and also owns land in which can be utilized for further growth. It has also set up its own extraction facilities that can process
thousands of kilos of biomass.
However, the most important thing is to keep in mind that Elemental Pharma's manufacturing facilities are approved by the United States Food and Drug Administration. The company has received approvals for OTC, White Label, Wholesale and FDA registered brands.
point.