California’s biggest THC delivery service just entered the $600 million CBD business
Since its launch four years ago, San Francisco-based tech platform Eaze has delivered four million cannabis-related packages to more than 350,000 customers throughout California. Those packages contained everything from cannabis-infused edibles to topical rubs to vaporizers.
To date, the products Eaze offered focused on THC, or tetrahydrocannabinol, the psychoactive chemical compound found in marijuana products.
“THC has always been the one that everyone talks about,” said Eaze communications chief Sheena Shiravi. “And now all of a sudden it’s CBD.”
So, naturally, Eaze is entering the cannabidiol (CBD) business.
A new site, called Eaze Wellness, will sell and ship products enhanced with hemp-derived CBD to customers in 41 states (some states still have regulatory barriers).
“Eaze’s mission has always been to educate consumers and provide safe, legal access to cannabis. The launch of Eaze Wellness is a natural next step in our mission,” said Jim Patterson, CEO of Eaze. “Americans are curious about CBD and asking for high-quality CBD products, but until now, there’s been no singular destination where consumers with a variety of experience levels can find the products that are right for them. Eaze Wellness changes that.”
Analysts from the Brightfield Group released a report this week estimating that the United States marker for hemp-derived CBD will grow from $591 million at the end of 2018 to $22 billion by 2022.