Golden-based CBD Operation Boulder Botanical Sells for $12 Million

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CBD's popularity has dipped in Colorado, but it's still a lucrative business.

Research shows the global CBD market was worth $12.8 billion in 2021, with the United States accounting for over 60 percent of that.Boulder Botanical & Biosciences Laboratories, a Colorado CBD research and manufacturing operation, has been sold to Real Brands, a publicly traded company based on the East Coast. The $12 million agreement, announced byand Boulder Botanical owner Frankens Investment Fund, includes all Boulder Botanical assets.

“Boulder Botanical has had an excellent reputation for creating quality sports medicine, health and wellness herbal supplements and cannabinoid formulations, and its white-label manufacturing services exceed industry standards. We expect to build upon that solid foundation," Kidrin says.and SmartLeef, which are sold at national retailers like Costco, CVS and Target, as well as online and in the metaverse.

 

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