CBD is the scientific abbreviation for cannabidiol, one of the many potentially beneficial cannabinoids found abundantly in hemp oil. As health-conscious consumers actively embrace the significant health and wellness potential of CBD products, business owners have taken notice.
If you are considering starting an online business of your own, you may be pleased to learn that starting your own CBD business is not that difficult when you understand the basics.
Many people feel it’s unrealistic to start their own company due to the high overhead costs of maintaining a brick and mortar location. The substantially lower operating costs of running an online business makes business ownership much more attractive. Of course, business success depends on your ability to offer a product that is in demand.
Since CBD is anticipated to grow to a 22 billion dollar industry within the next three years, a significant number of people consider online CBD sales a promising business venture.1 If you can answer yes to the following statements, it is quite likely you can sell CBD online:
Hemp is a cannabis plant, so is marijuana. Until a few short years ago, there was no legal language to differentiate between the two plants. With changes in legislation, hemp and marijuana are now defined by their THC content. To be classified as industrial hemp, the plant must contain 0.3 percent THC or less. A plant containing more than 0.3 percent THC is legally considered marijuana.
Local and online sales are governed by many of the same requirements. That means you will need to register your business with your state (or country). You will also need to apply for relevant industry-specific permits.2 You may also need a home occupation permit to ensure you comply with state and federal business laws.3
While the federal government has removed industrial hemp from its list of controlled substances, many states require businesses to be licensed to sell or resell cannabis products, including products derived from industrial hemp. You may also need a separate license to store inventory in your home. Some CBD vendors will require your state identification number to order products for private label use.
If you have plans to sell CBD-infused edibles like chocolate or baked goods, you will likely need a food permit (if edibles are allowed in your state). Reach out to your local health department and your agricultural department to obtain the proper permits. You may be asked to complete a training program to obtain food handling certification. If your home does not meet state guidelines, you may have the option of utilizing a commercial kitchen.4/sup>
In any business venture, it’s important to ensure your business is in full compliance with the laws in your area. You want to ensure your products are only sold to those living in states where the products ordered are allowed. In addition to obtaining permits to run an e-commerce business from your state, there may be additional registration or permits required locally.
While some business entrepreneurs choose to sell established, many choose to rebrand white label CBD. By rebranding quality CBD from a reputable source, online business owners have the opportunity to provide high-quality products without the high costs of product development.5
The success of your business depends on product quality. That’s why it’s essential to know what to look for when selecting your white label supplier. Before committing to a CBD manufacturer, consider the following:
There are two potential sources of CBD, marijuana and industrial hemp. When choosing to sell hemp-derived CBD, its important to source your products from a company that relies on naturally cultivated hemp crops. Hemp absorbs pesticides, heavy metals, and other potential toxins from the soil. Any chemicals or contaminants in the soil can end up in plant extracts.
Independent third-party testing from an accredited lab verifies the CBD content and THC content of the products you select. Having access to these test results also ensures the products you select for branding are free of potentially harmful pesticides, microbial contamination, and solvent residue.
When considering a company to supply your CBD products, take a close look at their website. Any company that claims CBD can be used to treat a medical condition or illness is in direct violation of regulations established by the FDA. This is an important point to keep in mind when determining vendor integrity. The FDA considers unsubstantiated CBD-related health claims to be misleading, deceptive, and a considerable danger to public health.
CBD is extracted from the stalks and stems of industrial hemp plants. When extracting hemp oil, it’s important to rely on a manufacturer who uses food-safe extraction methods. The most commonly used safe extraction methods use CO2 or ethyl alcohol. Other methods could leave potentially harmful residue in the final product.
Price comparison is smart. Purchasing the lowest priced product you can find may not be. It’s important to ask yourself if the pricing makes sense. If a vendor is offering a remarkably low price for a “high milligram” CBD product, the products are unlikely to be of high quality. It’s important to remember you are paying for the milligrams of CBD in a product, not the size of the bottle itself. If prices are too high, it will be difficult for your company to offer competitive prices.
CBDistillery™ has partnered with thousands of retailers and offering wholesale prices to our retail partners for years. When you partner with CBDistillery™, you are working with a vertically integrated company, a company that has full control over every aspect of CBD production, from the initial soil testing to the manufacturing and distribution of our quality products.
CBDistillery™ is now offering private label options to those looking to sell their own brand of CBD online. Our reasonable wholesale pricing means higher potential earnings for you. To get the conversation started, simply register here. Just a few of the many reasons to partner with CBDistillery™ include:
CBDistillery™’s hemp-derived CBD products begin with non-GMO hemp seeds planted in soil that has been tested for potential contaminants. Our crops are grown in the USA using natural farming practices. Of course, any company can make these claims, but the purity of CBDistillery™ products are verifiable.
All CBDistillery™ products are tested for potency and purity by an independent third-party accredited laboratory. Not only can you verify what goes into CBDistillery™ products, you can use the same third-party test results to verify the CBD and THC content of every product we offer. Third-party test results are clearly visible on our website or can be accessed with the QR code found on every product label.
CBDistillery™ relies on Co2 extraction methods. Co2 extraction utilizes a system of temperature and pressure-controlled chambers to extract our hemp oil from the plant matter. Pressure-controlled CO2 extraction is considered the cleanest extraction method for full spectrum CBD.
While your choice of a payment processor, shipping methods, and marketing strategies matter, it’s the quality of your CBD products that determine your company’s reputation. That’s why it’s essential to partner with one of the leading manufactures in the hemp industry.
CBDistillery™ is certified by the U.S. Hemp Authority™. That means our cultivation and manufacturing processes have met the rigorous requirements of the hemp industries stringent standards. You can verify the purity and potency of our reasonably priced products by viewing the third-party test results.