The CBD Industry is projected to reach $2 billion annually before 2022. That’s a nearly tenfold growth is just five years. CBD or Cannabidiol is a fantastic compound that has a wide range of uses. It’s a revolutionary product that has the potential to reshape health and medicine. Doctors have found that it to have a positive impact on health conditions ranging from migraines to muscle pains. Because of this, people have started to invest in the product, that has not only high revenue return potential but also something that can be beneficial in our everyday lives. This short guide will give you a quick introduction to everything you need to know about the CBD industry.
Legality of CBD
Laws are rapidly changing so you’ll want to double-check, but currently, CBD is illegal at the federal level. Despite this, at the state level, it is legal in over ten states, and this number is only slated to continue rising over the next few years.
Laws are always changing throughout the country at local, state and federal levels. Those who already developed infrastructure and quality products will be able to take advantage of digital technology to scale their distribution. For the time being, take advantage of your local market because you will have plenty of people interested there.
Types of Products
CBD oil is an ingredient more than anything. It’s a valuable compound that you can add to a wide range of products. Most commonly, you can find it in things like lotions and hemp oils, food and candies and even seemingly random products like candles and more. If you head to your local farmers market, you likely see different products as they have been legal for some time.
The best part of the CBD industry is that because of the diversity of the products; you have the opportunity to create whatever product you’d like, consumable or non-consumable. Wholesale CBD manufacturers can help you with your product idea by bringing them to life with their private label cbd business.
How You Get into the CBD Industry
The barriers to entry of the CBD market are currently easy to moderate. If you live in a jurisdiction where CBD is legal, then your opportunities to connect with other CBD manufacturers and distributors from your local region is more accessible. Just as you do with any business venture, make sure you do your research before connecting with a distributor.
There are essential things you’ll want to consider when selecting the products for your business including details of the manufacturing process, where the product was sourced from, the percentage of CBD in it and whether you want to go with a private label manufacturer or not.
The Revolutionary CBD Industry
The CBD industry is one the most exciting markets out there. Between its explosive growth and its many health benefits, CBD is an exciting investment opportunity you might want to consider. Contact us to see how we can help you understand things like custom CBD manufacturing, distribution and more so you can be a part of this fantastic opportunity.