Why You Should Start a CBD Business

Contents:

1. CBD is a booming industry
2. Positive change in consumers’ attitude
3. Many business ideas
4. CBD is legal in most countries
5. Diversity in products
6. Business that promotes health and sustainability
7. Online marketability
8. White label CBD products
9. CBD business is really not complicated

CBD is a booming industry

Due to the increasing demand for CBD products (mainly for health purposes) cannabidiol market size is about to reach over 5.3 billion in 2025 and 47 Billion USD by 2028. It is no secret that the CBD industry is rapidly growing and the use of cannabidiol extend across all social and age groups.

One of the reasons for the increasing interest in CBD is its major health benefits, such as some promising therapeutic properties that can help prevent and treat many diseases with little to no side effects. It show promise in treating sleeping disorders, chronic pain and anxiety.

Positive change in consumers’ attitude

It cannot be denied that CBD has been associated with drugs for many years. Despite the fact that cannabis has been known to the mankind since ancient times, it became infamous, mainly due to the harmful myths and prejudices.

Fortunately, hemp has been getting back in favor and the consumers’ awareness of the difference between CBD and, for instance, medicinal marijuana is growing. And although the valuable medicinal properties of marijuana are also an important topic, now we are focusing on CBD products with low THC content and no narcotic effects.

Many business ideas

The variety and possibilities when it comes to CBD business are pretty impressive as well. New products or business ideas related to CBD industry are invented every day. From a variety of products that you can sell to some CBD related services. For instance, if you are not into direct selling, you can become a consultant for CBD business and marketing strategy for small businesses. There are tons of possibilities for your hemp business. All you need to do is to choose your niche and grow from there.

CBD is legal in most countries

If you want to start a CBD business, it is essential for you to look up the different regulations in your country, concerning THC limits in CBD products. THC (Tetrahydrocannabidiol) is a chemical compound of hemp responsible for the narcotic effects of Sativa Indica. What are the limitations for THC content in CBD products per country? Here are the current limits for THC content in CBD products in 2022 per European country:

• Switzerland – THC < 1% – above this limit doctor’s prescription is required.
• Italy – 1% < THC, however, small amounts of marijuana with a higher content of THC is allowed for recreational and medical purposes.
• The Netherlands – THC < 0.05% – above this limit doctor’s prescription is required.
• Czech Republic – 1% < THC. For higher content of THC you’ll need doctor’s prescription.
• Poland – In 2022 Poland changed its THC limits in CBD products from 0.2 to 0.3% THC, unless it is for medical purposes (doctor’s prescription is required).
• Cyprus – THC < 0.3 %.
• Austria – THC < 0.3 %.
• Luxembourg – THC < 0.3%.
• United Kingdom – Up to 0.2% THC in CBD products, prescription is not required. For a medicinal marijuana or a product with THC content higher than 0.2% doctor’s prescription is required.
• Germany – THC < 0.2%.
• Northern Ireland – THC < 0.2%.
• Southern Ireland – THC < 0.2%.
• Iceland – No regulations.
• Belgium – THC < 0.2% – and prescription is required. CBD products containing THC levels above 0.2% are illegal.
• France – THC < 0.2% – prescription is required.
• Portugal – you need a prescription for all CBD products.
• Spain – Up to 0.2% THC in CBD products, prescription is not required. For a medicinal marijuana or a product with THC content higher than 0.2% doctor’s prescription is required.
• Macedonia – THC < 0.2%.
• Greece – THC < 0.2%.
• Romania – THC < 0.2%.
• Slovenia – THC < 0.2%.
• Croatia – THC < 0.2%.
• Slovakia – illegal
• Lithuania – illegal
• Albania – illegal

As you can see above, CBD is legal in almost every European country. In recent years, many countries have fully legalized CBD products with a THC value below 0.2% – 0.3%, and limits on CBD and medicinal marijuana tend to be more and more liberalized. This is another argument in favor of opening a CBD business. However, the regulations are being constantly changed and renewed so it is important to stay up to date with any changes.

Diversity in products

As mentioned above, not only does hemp offer plenty of valuable properties, but also a wide range of CBD products. The versatility of hemp-derived CBD products makes it a perfect choice for those who like to broaden or reinvent their business in the future, as CBD offers a wide variety of edible products, oils, dried hemp, materials and tinctures.

But these are not the only CBD or hemp-based products that you can put on your list. The hemp farming industry also offers fabric, clothes, ropes, balms and lotions, building materials, detergents and self-care products. The diverse and sustainable nature of cannabis makes it a great base for many kinds of products and with its increasing popularity there is still a huge gap in the market.

Business that promotes health and sustainability

It is hard not to notice that people nowadays pay more and more attention to healthy and ecological solutions when it comes to consumption. It is known that CBD products have a number of therapeutic properties and are helpful in relieving many ailments. When you decide to sell CBD products, you don’t have to worry about the ethical aspect of your business because you promote healthy and valuable products.

Sustainability has also been an important topic in the recent years, and it is no secret that there are very view raw materials as versatile and safe for people and the environment as hemp. Not only are hemp products are fully degradable, but also the cultivation of hemp is good for the environment, as hemp plants produce more oxygen and absorb more CO2 than trees.

Online marketability

According to statistics, CBD products are among goods which are most commonly purchased online. If you are looking for an opportunity to make money online, CBD business is a way to go, with a high chance of success. Setting up an online store is now easier than ever thanks to online tools such as for instance WordPress or Shopify.

Legal CBD businesses are definitely on the rise, and the possibilities that current technology provides us with are endless, giving you an opportunity to run a completely independent business. Moreover, you can take advantage of online communication channels such as Social Media platforms (e.g. Instagram, Facebook or LinkedIn) and use them for marketing, as well as run a company blog to build a professional image of your brand.

White label CBD products

Some wholesalers are offering the so called white label products, which you can rebrand as your own, meaning that you can put your own label on a product. Why using white labels products for your store is a good idea? Because it gives you an opportunity to put your label on a CBD product that has already been tested, well established and has a good quality.

It is definitely a better and more affordable option to start with than working on creating a completely new product from scratch. If you are looking for the best quality white label CBD products, and more importantly if you want to save time and money, we encourage you to contact us. We provide third-party lab tested CBD products and accessories to equip your store with all the essentials.

CBD business is really not complicated

If you want to get into CBD business, now is the best time. If you are passionate about health and sustainability, or simply, you just want to start your own business that is based on ethical values, and sell good quality products, contact us.

We will provide you with well established CBD products such as oils, dry hemp, teas, as well as some accessories: bongos, grinders, vaporizers and many others. We respond to the needs of our clients on an ongoing basis, we provide products tested by independent laboratories and, if you need it, we offer the so-called white label products.