Cannara Biotech to Enter the U.S. Hemp-CBD Market, Launching an Online E-Commerce Platform - shopCBD.com

Published: January 24, 2019

Cannara Biotech to Enter the U.S. Hemp-CBD Market, Launching an Online E-Commerce Platform - shopCBD.com

Cannara Biotech Inc., a vertically integrated Cannabis company focused on cannabis-infused products, announced it is entering the U.S. Hemp-CBD market, through a subsidiary, with an online e-commerce platform called shopCBD.com.

The new e-commerce platform will showcase retail products from Hemp-CBD manufacturers for the U.S. consumer market. With several vendors already committed, shopCBD.com intends to offer a variety of products, including tinctures, oils, capsules, body care, vape cartridges and pet-related products. shopCBD will provide a user-friendly online experience where consumers can purchase, review and compare a variety of CBD products.

“We are taking a leadership role by creating a hub for vendors to showcase their products and consumers to purchase Hemp-CBD products in a fast and easy way. We want to become the Amazon of CBD”, said Zohar Krivorot, President and CEO of Cannara Biotech, a 15-year veteran in the tech and online industries.

With the recent passing of the 2018 Farm Bill in the U.S., CBD represents an emerging sector with many vendors seeking national reach to U.S. customers. The Company’s strategy is to offer a wide variety of products from leading CBD brands, with competitive pricing and delivery times across the U.S.

The rise in popularity for CBD products is driven by consumers seeking natural-based health & wellness solutions to treat various ailments from inflammation, anxiety to insomnia amongst many others. As a result, the hemp-derived CBD market is expected to reach US $22 billion by 2022 according to industry analysts at Brightfield Group.

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