With the hemp-based CBD oil market booming as more and more people discover its wide ranging health benefits; the opportunities to benefit from the commercial side of this business are widespread. In fact there may never be a better time to take the plunge and get into the CBD oil wholesale market; but before you make that final decision there are a few things you really need to know.
The legal position of selling CBD oil
Since hemp was unfortunately given a schedule 1 classification back in 1970 it’s been a constant battle to have it recognized as a different entity in terms of both its effects and uses. The 2014 Farm Act helped legitimate industrial hemp to some extent, but there are still states where it cannot be grown.
The most straightforward approach is to only deal with CBD oil which has less than 0.3% THC content, which is what is produced from industrial hemp. You will also need to obtain the necessary business licenses and relevant permits to sell CBD oil, and always make sure everything from the information on your website and packaging is clear, relevant and accurate.
You may wish to consult a specialist legal advisor regarding the way you word the product, its uses, and the potential benefits to be sure you aren’t breaking any rules.
Where to source your CBD oil
Few sellers are actually licensed to grow industrial hemp and then process it to extract the oil, instead most buy from some huge suppliers who are able to produce a high quality product at a reasonable cost. Look for specialists who offer good discounts for resellers, and be open to all kinds of CBD products to maximize your selling opportunities.
How to best market your CBD oil wholesale business
Creating a strong and dynamic online presence is essential if you want to be successful in the Wholesale CBD market. If you don’t have the time, skills or interest to manage this side of the business yourself it’s worth employing experts to at least get you started.
Start with a website
This needs to look professional, be easy to navigate and not too cluttered; after all, this is the first impression potential customers will get of your business before they decide if they want to buy from you. WordPress is a popular choice for many small businesses, though you may need some specialist help and advice when it comes to adding payment options as not all providers like to work a business connected to CBD.
Add excellent content
You don’t absolutely have to blog (though if you do then unique content will help attract traffic), but at the very least the information sections of your site should be well written, and you need to work hard at creating good social media content. There are lots of outsourcing options to help with that if needed.
This is perhaps the perfect time to get into this business, so with some planning you have every chance of success.
Article Submitted By Community Writer