$1.3 billion of those sales will come from hemp-based CBD sources. Whether you’ve experienced the benefits of CBD oil first hand or you see an opportunity in the industry, you may be considering a jump into the CBD market. From our five years of experience in the CBD industry, we have gathered valuable information that will help guide you through the opening of a CBD store. The two major opportunities for CBD retail are online and in-store brick and mortar.
Consider the benefits of each: Benefits of Selling CBD Oil Online. There are many benefits of running an online business which are not exclusive to selling CBD oil. In comparison to a retail storefront, an online store saves money in set-up and operational costs. After an initial start-up fee, you have access to a broad audience. Customers who may not have found your retail business have access to your store and you can target your preferred audience (more on that later). By becoming an online CBD oil distributor, you can cater to those who prefer to purchase CBD oil from the comfort of their own home.
If cannabidiol (CBD) is not accepted near your place of residence or if you do not think it will sell well in your area, you still have access to other customers nationwide who are seeking CBD products. In a retail space, you have direct contact with your customers. This is beneficial when selling a natural supplement such as hemp-derived CBD, as the product often prompts many questions. In a retail space, the customer can see the product in person and have access to immediate service. Your customers are likely to require your attention and will appreciate the interaction a retail space can provide. In a retail space, you can build customer loyalty and rapport with knowledgeable staff members and quality products. A retail space is a great opportunity to introduce the community to CBD or cater to a location where CBD is not yet available. With a retail store, you can reach the audience that prefers shopping in person. CBD products also make a great addition to a store focused on natural wellness. If you are contemplating becoming a CBD oil distributor, there are a few items to consider. To begin, we’d like to provide answers to the questions we most frequently receive regarding CBD. The CBD oil we are discussing is derived from industrial hemp and contains less than 0.3% THC. If sourced in this manner, CBD oil is legal to sell in the United States. UPDATE: The 2018 Farm Bill passed, making CBD federally legal in the United States! Most drug tests check for the presence of tetrahydrocannabinol (THC). Properly sourced CBD oil contains less than 0.3% THC, which is a trace amount. For that reason, it is unlikely for CBD oil to show up on a drug test. However, the results of a drug test cannot be promised. To cater to all customers, you can consider carrying THC-free products, such as our THC-free vape oil. As mentioned previously, properly sourced CBD oil contains 0.3% THC, which is a trace amount. Therefore, hemp-derived CBD oil will not get you high.
Research on CBD is ongoing, but the reported side effects of CBD oil are minor. When taken in high quantities, some have reported drowsiness while others have reported stomach discomfort due mostly to the carrier oils. As a distributor, you’ll need to find a CBD wholesaler to purchase products from. Finding a reputable seller will be of benefit to you and your customers. To ensure that you are providing a quality product to your customers, you should look for the following from a wholesaler: Sourcing: the location of where the CBD oil is sourced from can be telling of its quality. Many reputable wholesalers source their CBD oil from the US or Europe, where farmers have had years of experience growing hemp. If a wholesaler grows their own hemp, be sure to research their farming practices to confirm that they are performing at or above standard practices. Extraction method: there are several ways to extract CBD oil from hemp. Some methods use harsh chemicals that can be difficult to fully remove from the final product. The highest standard of extraction is CO2 extraction, which can be complicated but is a safe and clean method.
Certificate of Analysis (COA): a COA is a lab test report that confirms the levels of CBD, THC, and other compounds in a CBD product.