AJ Agrawal
AJ Agrawal
In a two-year timespan, 31-year-old serial entrepreneur AJ Agrawal built, bought, and sold, leaving a CBD empire in his wake. FE International announced in late 2021 that Agrawal’s CBD brand, Verma Farms, was their latest acquisition. Such a success story is note-worthy in a calm year, but this took place during a pandemic that spawned economic turmoil and ongoing supply chain crises. However, Agrawal found silver linings that saved his business and allowed him to walk away with an impressive profit of eight figures while many other CBD companies were forced to fold.
Overall, since the passing of the Farm Bill, which legalized hemp production in 2018, the CBD business is doing well. According to a previous report on Forbes, CBD sales in the US marked $4.6 billion in 2020, with current projections forecasting this part of the cannabis industry to hit a whopping $20 billion in two short years. While Covid-19 brought a plethora of setbacks, it also created space for innovative CBD businesses to succeed. Anxiety wreaked havoc on America, prompting many to try CBD, which relieves stress. Additionally, thanks to lockdowns and a desire to stay safe inside, e-commerce flourished. But that’s not the only silver lining he grasped.
Research suggests that owning a pet lowers anxiety and blood pressure. As a result, it’s unsurprising that 23 million US households added a pet to their family in 2020. Never one to turn down an…
