An Emerging Industry
The emerging hemp industry has created many CBD business opportunities for those with experience in areas of marketing, retail, business development, farming, education, and more. Like any new industry, there is much to learn as many things emerge that initially were not there during the inception.
The CBD industry is poised to grow by the billions over the next few years, and beyond, thus creating a CBD business opportunity for many business owners to take advantage.
While many industries are slowing down, the CBD industry seems to be only getting started.
CBD And More
In part, when we say CBD (we may have meant only CBD when we first began in 2017), but now when we say CBD, it means a whole lot more. It’s not just CBD now. It is all cannabinoids.
If you are offering only CBD products with your business, chances are you are limiting your CBD business opportunities greatly.
Most CBD business owners know that in order to truly create a well balanced CBD business opportunity you will need to diversify in a range of more than just CBD products.
Diversity Your Brand
You will want to diversify your products with psychoactive cannabinoids such as delta 8 THC, Delta 10, and also additional non-psychoactive cannabinoids such as CBN.
While label compliance is still required, you will want to give yourself enough variety to your customers. They will be the first to ask you for items other than just CBD products.
Whether you own a brick and mortar retail location, an online marketplace, or you sell in your local flea market, you will want to have enough product range and variety of cannabinoids to have repeat customers, to be able to grow your business.
You will also want to make sure you have a retail hemp permit in your corresponding county or state you will be doing business. Contact your city or state for more information.
While certain cannabinoids may not be legal in all 50-states, you should still be able to sell other cannabinoids besides just CBD, such as CBG, CBN, and other non-psychoactive cannabinoids. Those are similar to CBD, but with different purpose and they will be good to have in your product lineup.
Good CBD business opportunities today will have a variety of cannabinoids – and this itself has expanded the CBD industry tremendously over the last few years, and appears to only be growing.
The Department of Agriculture here in Florida has accepted delta 8 THC and other psychoactive cannabinoids into their hemp program as long as they contain less than .3% delta 9 THC.
We are happy to see the progress of our own local program.
Though we understand some states may have differing views, we feel optimistic overall that the tide of the future is on our side.
Now Is the Time
Now is an excellent time to start your business. There are so many different markets you can target.
We even have some spa and salon clients who sell delta 8 THC cartridges and other products you would not initially think would be sold in those business types.
However, in the end, everyone is here to profit, and we encourage all of our clients to take advantage of the new CBD business opportunities available to them.
Choose White Label CBD or Private Label CBD with Organics Fulfillment.