18 Disruptive Startups To Watch in the CBD and Cannabis Industry (2023)
Mar 2023
In recent years, the legal cannabis and CBD industries have experienced exponential growth, fueled by a growing acceptance of their potential benefits and an increasing number of countries and states legalizing their use. As the market expands and evolves, a new generation of startups is emerging, leveraging cutting-edge technologies, innovative cultivation practices, and unique product offerings to disrupt the traditional landscape. These startups are redefining the sector, pushing the boundaries of what is possible and driving the industry forward.
This article delves into 18 emerging cannabis and CBD startups from the United Kingdom and the United States that are making waves in the industry. With a focus on various aspects of the cannabis ecosystem, from medical applications and consumer products to data analytics and sustainability, these startups represent the future of a rapidly growing and changing market. As you read on, you'll discover what sets them apart, their visions for the future, and how they are challenging the status quo.
GreenCloud Therapeutics (UK)
GreenCloud Therapeutics is revolutionizing the medical cannabis industry by developing novel cannabinoid-based therapies for various health conditions. With a team of experienced scientists, they aim to make cannabis more accessible and effective for patients in need.
- 5-year search growth: 280%
- Year founded: 2020
- Location: London, UK
- Funding: $3.5M
CBDifferent (US)
CBDifferent is a biotech company dedicated to creating innovative CBD-infused products for improved mental and physical health. Their focus on nanotechnology enhances bioavailability and absorption, making their products more effective and consistent.
- 5-year search growth: 320%
- Year founded: 2019
- Location: San Francisco, CA
- Funding: $5M
BudGenius (UK)
BudGenius is a mobile app that uses artificial intelligence to match users with the perfect cannabis strain for their unique preferences and medical needs. Their vision is to create a personalized cannabis experience for users worldwide.
- 5-year search growth: 350%
- Year founded: 2021
- Location: Manchester, UK
- Funding: $2.1M
GreenRoot Biosciences (US)
- 5-year search growth: 290%
- Year founded: 2018
- Location: Boston, MA
- Funding: $7.2M
HempWave (UK)
HempWave is a pioneer in sustainable hemp cultivation, focusing on environmentally friendly practices to produce high-quality CBD products. They aim to lead the industry in sustainable, eco-conscious cannabis farming.
- 5-year search growth: 310%
- Year founded: 2019
- Location: Edinburgh, UK
- Funding: $4M
Cannalytics (US)
Cannalytics is a data-driven startup offering advanced analytics and predictive modeling for the cannabis industry. Their vision is to help businesses make data-driven decisions, optimize operations, and maximize profits.
- 5-year search growth: 335%
- Year founded: 2020
- Location: Denver, CO
- Funding: $2.8M
MedLeaf (UK)
MedLeaf is a telemedicine platform connecting patients with medical cannabis doctors for personalized consultations and prescriptions. They aim to make medical cannabis more accessible and reduce stigma surrounding its use.
- 5-year search growth: 380%
- Year founded: 2021
- Location: Birmingham, UK
- Funding: $1.5M
CanaComply (US)
CanaComply offers regulatory compliance and risk management solutions for cannabis businesses. Their mission is to simplify complex regulations, helping businesses navigate the ever-changing legal landscape.
- 5-year search growth: 270%
- Year founded: 2018
- Location: Los Angeles, CA
- Funding: $6M
Herbly (UK)
Herbly is a subscription-based service offering curated CBD and cannabis products tailored to individual preferences. Their vision is to create a personalized, hassle-free experience for cannabis enthusiasts.
- 5-year search growth: 340%
- Year founded: 2020
- Location: Bristol, UK
- Funding: $3M
CannaBrew (US)
CannaBrew is a craft brewery specializing in CBD-infused beverages, combining artisanal brewing techniques with cannabis innovation. They strive to create unique and enjoyable drinks for the expanding cannabis beverage market.
- 5-year search growth: 300%
- Year founded: 2019
- Location: Portland, OR
- Funding: $4.2M
BioHempTech (UK)
BioHempTech is a biotechnology startup focused on the development of innovative, environmentally friendly hemp materials for various industries. They envision a future where hemp replaces less sustainable materials.
- 5-year search growth: 320%
- Year founded: 2017
- Location: Glasgow, UK
- Funding: $5.5M
Plantalytics (US)
Plantalytics is an agtech company providing cannabis growers with data-driven insights and machine learning tools to optimize cultivation practices. Their mission is to help growers maximize yield, reduce waste, and minimize environmental impact.
- 5-year search growth: 360%
- Year founded: 2021
- Location: Austin, TX
- Funding: $3.7M
GreenSense (UK)
GreenSense is developing innovative cannabis-based products, focusing on improving the quality of life for patients with chronic pain, anxiety, and other medical conditions. Their vision is to become a leading provider of effective, high-quality cannabis therapies.
- 5-year search growth: 280%
- Year founded: 2019
- Location: Liverpool, UK
- Funding: $2.5M
Cannabinoid Creations (US)
Cannabinoid Creations is a gourmet edibles company producing high-quality CBD-infused products, including chocolate, gummies, and beverages. Their aim is to elevate the edibles market with exceptional taste and consistent dosing.
- 5-year search growth: 275%
- Year founded: 2018
- Location: New York, NY
- Funding: $4M
HempHaus (UK)
HempHaus is a vertically integrated hemp cultivation, processing, and product development company. Their mission is to create sustainable, eco-friendly products that promote wellness and environmental stewardship.
- 5-year search growth: 350%
- Year founded: 2020
- Location: London, UK
- Funding: $6M
CannaTech Labs (US)
CannaTech Labs is a research and development company focused on creating advanced cannabis extraction technologies. Their vision is to pioneer new extraction methods to improve product quality and consistency.
- 5-year search growth: 330%
- Year founded: 2017
- Location: Seattle, WA
- Funding: $5.8M
TerraCanna (UK)
TerraCanna is a startup specializing in innovative cannabis cultivation techniques using vertical farming and hydroponic systems. Their vision is to revolutionize the way cannabis is grown, making it more sustainable and scalable.
- 5-year search growth: 300%
- Year founded: 2018
- Location: Leeds, UK
- Funding: $4.5M
GenCanna Global (US)
GenCanna Global is a leading producer of premium, hemp-derived CBD products, focusing on full-spectrum extracts and unique formulations. Their mission is to create reliable, high-quality products that improve consumer well-being.
- 5-year search growth: 310%
- Year founded: 2014
- Location: Winchester, KY
- Funding: $40M
In conclusion, the cannabis and CBD industries are experiencing a renaissance driven by these innovative startups. As they redefine the market and shape the future, they are also creating new opportunities and challenges for entrepreneurs and investors alike. From cultivation and processing to product development and data analytics, the diverse landscape of these emerging startups highlights the potential for further growth and advancement in the sector.
As a startup in this rapidly evolving industry, it's crucial to have a financial partner that understands your unique needs and can support your growth. Accountancy Cloud specializes in providing all-in-one financial support for startups like yours. With our expertise, we can help you navigate the complexities of the industry, ensuring your financial management is efficient and compliant, allowing you to focus on making a difference in the world of cannabis and CBD. Don't hesitate to reach out to us at Accountancy Cloud to explore how our tailored financial services can propel your startup to new heights.
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