Wildflower may be based in Canada, but the company is making headway in the U.S. market. In particular, the company has found a strong footing in Washington and, more recently, California. In fact, as the Wildflower CBD brand expands into regulated cannabis in California, the company could become a big-name brand in the North American legal weed market.
Wildflower Making Moves in California
The British Columbia-based company recently acquired licenses to move into the California cannabis market. As a result, the company recently said that it is taking steps to scale up its presence in the Golden State.
In particular, the company is currently building new manufacturing facilities. Similarly, the company said it is almost finished prepping a new distribution center.
Taking both of these developments together, the company could be positioning itself to make a big splash in California. According to a statement released by Wildflower, the manufacturing facilities will help them take advantage of their new licenses by moving their products into California.
Additionally, the company said that the distribution facilities could also be a big step. In particular, they said this would allow them to distribute third-party products into the Los Angeles market.
Final Hit: Wildflower CBD Brand Expands Into Regulated Cannabis In California
For anyone following the legal weed industry, these developments could have potentially big implications. That’s because Wildflower could now be set up to have a large presence in both Canada and the Western U.S.
And those are both massive markets.
With new licenses in California, and new facilities being built, Wildflower could eventually become a big player in California. The Golden State has long been a hotbed for weed. It’s had a strong medical marijuana program for years. And recreational sales kicked off at the beginning of this year.
In addition to California, Wildflower also sells its products in Washington. This is another strong weed-legal state in the western U.S.
On top of all this, Wildflower’s home country of Canada continues working toward full legalization. Lawmakers are currently ironing out details. They are shooting to fully legalize weed sometime this summer. Recently, a new report said that cannabis sales in Canada would pass $7 billion in 2019.
The legal marijuana industry in North America is young. But it’s booming. And it is expecting to see even more growth.
All this growth opens new chances for cannabis companies like Wildflower to expand across borders. For example, California-based marijuana company MedMen just went public in Canada. The company is valued at over $1 billion.