Cannabis is not legal worldwide, but it is a fast-growing industry. About 18 states have legalized recreational marijuana in the U.S. In the Blog you can read Top 5 Cannabis Retail Brands In North America
The US legal marijuana has experienced a boom in 2021. Cannabis market research conducted by BDSA indicates that the US legal marijuana sales will cross a whopping $25 billion by 2022 – a 40% increase over 2020.
More cannabis brands are entering the market, and new product launches and developments are on the rise.
Whether you use the products or work in the industry, both new and classic cannabis brands have something to offer to everyone. The top five cannabis brands to keep an eye on in 2021 are listed below, some of which are well-known and others that are relatively new to the market.
With its headquarters in Wakefield, Curaleaf has operations in 23 states. Curaleaf operations include cultivation and selling medicinal and recreational cannabis in the U.S. The company has assets from the Cura Select and Grassroots acquisitions and its brands include Curaleaf, Select, Grassroots, and UKU.
The company has opened five new stores in 2021 bringing its total retail locations to 107. Curaleaf has also managed to launch a medical dispensary in Maine bringing its total dispensaries to a count of 108 in 2021.
This cannabis giant is the largest national retail dispensary brand in the United States, as well as a premium mainstream cannabis brand with locations around the country and a variety of product types:
- Vape Oils & Concentrates
- Flower, Prerolls & Flower Pods
- Topical Lotions
- Capsules & Tinctures
- Mints & Lozenges
Cresco Labs, situated in Chicago, is a top cannabis firm in the United States with experienced management, funding, and a proven growth strategy. The company focuses on entering areas with outsized demand potential, major supply restrictions, and high obstacles to entry as a differentiated grower, processor, and retailer of premium cannabis with operations in ten states.
The company’s unrivaled speed-to-market gives it a distinct competitive advantage as it replicates its concept across the United States. Another factor that sets it ahead of other cannabis businesses is its well-defined brand strategy that caters to all main consumer segments
- Everyday cannabis,
- Medicinally focused,
- Connoisseur-grade products.
- Chef-inspired edibles by James Beard Award-winning pastry chef Mindy Segal
Also, its brands and distribution are crucial to the company’s growth strategy.
Cresco Labs acquired Bluma Wellness in 2021, thus expanding into the Florida market. With the recent acquisition of vertically integrated operator Cultivate, it is on the verge of establishing a dominant position in Massachusetts, as well.
Cresco Lab Products
The company’s buds are skilfully cultivated, lab-tested, and manufactured into
- Vape carts
- Vape pens
You can also choose from a variety of strains such as Sativa, Indica, or Hybrid – you will be spoilt for choice.
Trulieve is the first and largest fully licensed medical cannabis firm in the state of Florida. It is a vertically integrated “seed-to-sale” company in the United States.
Trulieve cultivates and manufactures all of its products in-house, then distributes them to Trulieve-branded storefronts (dispensaries) across Florida, as well as to patients directly via home delivery. California, Massachusetts, Pennsylvania, Connecticut, and West Virginia are among the states where Trulieve has operating licenses.
In 2021, the brand started selling its first hydrocarbon extract product in Florida created through a newly approved process.
Seizures, severe and prolonged muscular spasms, discomfort, nausea, lack of appetite, and other symptoms linked with serious medical illnesses such as cancer are all treated with Trulieve’s cannabis products. Patients who require non-euphoric care can benefit from their low-THC/CBD products.
They offer a variety of low-THC cannabis products from capsules products to vaporizers to liquid. They offer cannabis products from various strains in Indica, Sativa, Hybrid, and CBD.
It is a premium CBD brand for women with 1-on-1 Dosage Support. Equilibria is a premium CBD platform for women with a fast growth rate and omnichannel distribution. Through their high-quality CBD products, individualized dosage guidance, and digital journey accompaniment, they are committed to restoring physical and emotional balance to women. They are the only CBD firm with a dedicated team for one-on-one consultations and education, and they are committed to their vision, mission, and values. Thousands of women trust them to provide consistent, medical-grade products, month after month.
Cannabis brands such as Equilibria offer scientifically-backed products. Cannabis, specifically Cannabidiol (CBD), offers a long list of health advantages. CBD has a long history of success in treating depression, anxiety, and chronic pain. Equilibria created a line of CBD-based lotions and ingestible exclusively for ladies with this in mind. They’ve had a lot of success, and their consumer base is still growing at a rapid pace.
To ensure the rollout of only high-quality cannabis products, they have collaborated with a hemp farm in Colorado.
Collaborations have a number of benefits:
- From seed to sale, it allows Equilibria complete visibility and control: chain of custody that is transparent.
- If they run out of products, they can receive new stock immediately and it’s always fresh.
- All aspects of seed genetics, farming, harvesting, curing, extracting, formulation, and manufacturing are completed in-house.
- They can utilize all of the information they gather from their clients to choose which strains to cultivate and what products to develop.
Their rapid growth and success can be attributed to a mix of their unique business model and a strong grasp of their target market.
It is one of Washington’s most prestigious cannabis edible businesses. The Goodship believes that edibles must-have components that are helpful for your health. The ingredients they use are completely natural, sustainable, and locally sourced, and our chocolate is fair trade. Take a bite out of The Goodship cannabis edible – some of the best cannabis-infused treats in Washington. Pastilles and chocolate tokens and squares are among their products. And the Goodship is one of the 5 Cannabis Retail Brands In North America
The world of cannabis is booming and there is an influx of so many brands getting into the market. Each brand is making an effort to innovate products and offer them to their customers that sets them apart from the rest. There is a lot of competition between cannabis brands to maintain their position at the same time be compliant. But not all brands can capture the top position, only the best make a place for themselves.
Click here to read more blogs about Cannabis Business.