Launching a CBD (Cannabidiol) brand nowadays is an excellent business idea that could fetch you significant profits if done correctly. Cannabidiol is one of the several compounds in hemp and marijuana plants. It’s also one of the most valuable compounds for humans, with various applications in many areas of health and wellness.
Therefore, it isn’t surprising to see several wellness companies spring up by the day to offer various cannabis products to consumers. There are many reasons why starting a hemp-products enterprise is a great idea. Below are four specific reasons why you should consider creating your own hemp-based business.
1. Industrial hemp is now legal.
The 2018 Farm Bill, which came into effect in December 2018, legalized the production and transportation of industrial hemp. Consequently, this milestone marked the rise of hemp products’ colossal market potential on a global scale. As such, this is the right time to join the hemp industry and establish yourself as a retailer of these popular products. Since the Farm Bill, several other industry trends continue contributing to cannabidiol’s excellent business potential. Reliable industry authorities such as Cory Jones will come in handy when seeking the latest trends in the hemp industry.
Cory Jones is the founder of thegreenest.com, a team of pharmacists, health and wellness experts, budtenders, doctors, and dietitians. They provide helpful hemp-related content backed by scientific research and approved by medical advisors. Additionally, they offer honest and independent product reviews based on their understanding of the connection between health, wellness, and hemp use. Furthermore, their website keeps hemp-based enterprises and users informed on the latest trends in the ever-evolving cannabidiol industry.
2. CBD is on the rise.
Cannabidiol has gained tremendous popularity, with many experts regarding it as one of the hottest medical trends to come around in recent years. The industry’s growth trends are promising, and awareness about hemp products keeps increasing. Therefore, many people turn to these products to deal with issues like depression and anxiety instead of relying on drugs like opioids. Consequently, as more Americans rapidly embrace CBD’s benefits in their daily lives, you could strategically position yourself as an industry player in various fields ranging from manufacturing to packaging. Trusted brands such as CoolJarz are good examples of packaging businesses in the cannabidiol industry.
CoolJarz manufactures and designs various recyclable child-resistant packaging and innovative packaging machinery, besides offering custom branding services. Some of their pre-roll packaging solutions include pre roll tubes, custom roll tubes, and shrink sleeve machines. These tubes are durable and designed to hold various products, including blunts, vape oil carts, and joints. Also, they provide large plastic tubes like their 116mm tube, allowing you to package bigger cones. Their products comply with FDA standards and state laws and are ASTM certified. What’s more, CoolJarz employs cutting-edge technology that enhances their product lines’ bio-efficiency, evident by their new EcoLite tube family that contains up to 50 percent less plastic than similar products.
3. There’s great scope for diversification.
Cannabidiol comes in various forms nowadays and can be used for different reasons. Therefore, it’s easy to create an original product line by deciding on a niche within the industry, focusing on one hemp-related item. Nowadays, there are cannabidiol edibles, oils and tinctures, creams, multivitamins, skincare products, among others, each catering to a unique customer base. Renowned wellness brands such as Sera Labs are great examples of companies offering various hemp products to clients.
Sera Labs is a leading enterprise offering holistic and natural health and wellness-related products. Sera Labs CEO, Nancy Duitch, is a trusted leader in the beauty, health, and wellness sectors of innovative products with superior ingredients and state-of-the-art technology. Sera Labs manufactures a broad range of products, including an immunity Nutri Strip that boosts immune system protection. You can obtain your weekly dose of Vitamin D from one Nutri-Strip, guarding against Vitamin D deficiency. These Nutri-strips are an oral thin-film technology that makes it easier to take supplements and vitamins, with more efficacy and fewer side effects. What’s more, Sera Lab’s topical products and supplements’ active ingredients are sourced from quality raw materials and undergo third-party lab testing.
4. You can leverage white-labeled production.
White-labeled production allows you to buy, rebrand, and sell products sourced from reputable manufacturers to customers. It’s easy to begin a cannabidiol brand thanks to white labeling, since you can launch your business without the necessary facilities and equipment required for producing top-notch hemp products on your own. This way, you can focus on advertising, pricing, and building your customer base while leaving product quality in the hands of established and trusted manufacturers. You can also put your product or company label on well-established cannabidiol goods, promoting your reputation and profitability in no time.
Starting a hemp-based enterprise is an excellent idea for various reasons. The above-listed points are four compelling reasons why you should consider launching a cannabidiol brand in today’s world.