Extracting industrial hemp plants into CBD oil is one of the fastest-growing, most stable, and value-added segments of the broader cannabis industry. Extraction allows manufacturers to transform hemp or cannabis biomass into bulk ingredient essential oils, waxes, cannabinoids, terpenes, crystals or distillate oil. These high quality oils are then transformed into novel food ingredients, supplement active ingredients, or additives in cosmetics. CBD oils are typically available in CBD pills, water soluble formulations, tinctures, and edibles.
Extracts make up a major portion of retail sales. In their recent study1 , The World Health Organization showed that CBD has a great safety track record and has a limited number of adverse events. The report notes that there has been no evidence of any public health related problems associated with the use of purified CBD. The report did review several therapeutic applications and benefits of CBD oil on the endocannabinoid system. According to the report, hemp oil benefits include aiding in skin conditions to mitigating forms of epilepsy and multiple sclerosis. Other benefits of extracting biomass into oils are strictly practical. It is much easier to store a 1000kg of oil than 1000 tons of biomass. In addition,the resulting extracted CBD oils are not prone to biofouling2 and are shelf stable when properly stored.
The hemp extraction business has the promise of sustainable profits for years to come. The BrightField group estimates CBD-infused products will grow to a $22B USD global category over the next several years, up from $627M USD in 2018 The global cannabis market is estimated to reach $630B USD up from $12B today.6 There has been an explosion of new cannabis oil companies entering the industry, and the European market is expected to grow over 400% through 2023.7 The path to success requires expert guidance and effective manufacturing solutions with quality cannabidiol oil output to serve customers and drive growth.