Sign up for the Powder & Bulk Solids Weekly newsletter.
Powder Bulk Solids Staff
September 30, 2020
1 Min Read
Representative imageImage courtesy of Pixabay
Hemp-based CBD products manufacturer Global Widget plans to hold a ribbon cutting ceremony on October 9 to mark the opening of its new CBD extraction plant in Tampa, FL, the company announced in a release Tuesday. A number of local, state and federal officials are expected to attend the event at the company’s headquarters in Tampa.
The company’s co-CEO, Kevin Collins, said the 15,000-sq-ft facility will support job growth and assist in “making high-quality CBD more affordable and accessible to consumers who benefit from using it and to businesses who prosper from selling it.”
Once operational, the Tampa facility will process industrial hemp into CBD isolate and distillate products. Global Widget supplies retailers, consumers, distributors, and white label manufacturers with more than 1,000 CBD products.
The global market for CBD products is expected to grow at a CAGR of 22.2% between 2019 and 2025, according to a forecast produced by Grand View Research.
About the Author(s)
You May Also Like
Beumer Group Grows Presence in CanadaFeb 21, 2024|1 Min Read
Illinois Blower Rebrands and Merges SubsidiariesFeb 21, 2024|1 Min Read
Innovative Waste Processing with Integrated Air Filtration SystemFeb 21, 2024|3 Min Read
GEA Investing $20M in Alt Protein Tech CenterFeb 21, 2024|2 Min Read