The Top 5 Reasons You Should Get Started in the CBD Industry
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Whether you’re a business owner looking to improve the experience of your customers, an entrepreneur on the lookout for your next business opportunity, or a health and wellness guru with a true love of holistic well-being, the CBD market offers you a truly unique juncture. There is an incredible opportunity available for anyone willing to take advantage of CBD’s incredible surge in popularity, as it’s become one of the fastest growing verticals making its way into the homes and lifestyles of people all over the world for the very first time. Here’s why it’s time to get excited.
1. Participate in an expanding market
When you choose to get involved with the CBD industry there is great peace of mind in knowing that you can take pride in what you’ll be promoting, as well as the fact that the demand is continuing to grow. CBD has been deemed a “safe and effective health alternative” by the World Health Organization (WHO), and an outpour of success stories continue to solidify its presence as a natural wellness alternative for many issues facing today’s society: depression, anxiety, chronic pain, and much more. The CBD/Hemp industry is projected to soon be a $1 Billion market, so the sooner you start, the better. Through partnering with a reputable CBD supplier and providing your customer base with plant-powered health, you’ll be astounded by the amount of positive feedback & business opportunities that'll come your way.
Why is the CBD market growing so rapidly?
A lot of people are asking the same question, 'Why is CBD so popular now?'. The truth is that stigma related to CBD hindered new research for decades. Also, confusion and comparisons of hemp to marijuana caused undue concern and worry about the psychoactive potential of the plant. Fortunately, the scientific community at large as well as the general population are beginning to welcome CBD with open arms! And though there is still a long way to go before CBD becomes commonplace, we're just happy that science is beginning to prove the incredible benefits of the plant and all that it can do!
2. Gain competitive margins & a personal brand
Why would you sell someone else’s brand in your store, when you have the option to easily create your own? The advantages of private labeling your own brand far outweigh the disadvantages. For one, when it comes to selling your own retail branded products, you’ll substantially increase your margins and provide your customers with the highest quality CBD of your choosing at a lower price. It’s a win-win. Plus, when you choose to private label with Neurogan, you can customize & create your very own CBD elixirs & treats to your heart's content - from flavors, to labels, and products including: CBD edibles, topicals, inhalables, and more.
3. Enjoy the flexibility to sell in-store or online
With CBD, you have the option of selling in-store or online - it’s your choice. When selling online, you’ll save big by avoiding the costs of maintaining your standard brick & mortar storefront. It’s is especially useful if CBD isn’t popular in your area of residence, giving you the large and vast audience of people around the world searching for great CBD, especially those who love to shop from the comfort of their home. If you’ll be selling your CBD products in a retail space you’ll benefit from in-person contact with your customers. This type of connection is invaluable because you’ll present as a trusted source of information with the ability to resolve customer inquiries regarding thebenefits of using CBD. Additionally, a storefront can help build customer loyalty and possibly make you the first in your area to supply CBD to local customers.
4. Embark with a partnership you can trust
Great things happen when people come together, so find a supplier you enjoy working with. Remember, when searching for a supplier it’s your job to uphold the high standards every responsible CBD entrepreneur should abide by. Only partner with reputable suppliers so that your customers come to associate your products with the plant-based clarity, wellness, and stress-relief they’re looking for in their CBD experience.
What to look for in a quality supplier
- Information on where & how the hemp is grown
- How the hemp is extracted (alcohol, CO2, etc.)
- Certificates of Analysis (COA)
- Fair pricing practices
5. Find a creative niche in a booming industry
Unless you've been living under a rock, we're sure you've been seeing CBD just about everywhere! Even corporate companies like Coca Cola have gained interest in the CBD phenomena. CBD is in everything from ice cream to cocktails and is truly becoming a public staple. The widespread common use of CBD presents an incredible opportunity for creatives! Perhaps you'd like to specialize in CBD cookies or gummy bears and other new essentials that will grab the attention of a customer. There has never been a more opportune time to flex your creative muscles to come up with a unique CBD product! If you partner with Neurogan, we'd be happy to help you create the CBD concoction of your dreams!
Bonus Tip: Learn from our team at Neurogan
The Neurogan team loves working in the CBD industry and we’re here to help you get started. We work with full transparency and always keep you in the loop about the details of our pure, high-grade, full-spectrum hemp, slow-grown outdoors. Our incredible team has experience with building a CBD brand and customer base while maintaining a small-business with integrity. We can provide full specifics on all of your most pressing questions including more on our hemp extraction, purity, and the entire private label process. We’d be happy to guide you in getting started, contact our team today.
Please reach out to our team with all of your questions and we'll be happy to help.
What are the CBD business opportunities?
Although the CBD business is still relatively new, its growth has been astounding, and it shows no signs of slowing down anytime soon. The CBD industry is more than just making and selling products. There are several adjacent alternatives that might be a fun, creative, and fulfilling way to make money, such as producing brand labels and containers and operating shops.
Is CBD legal?
CBD is a federally legal compound as long as it is derived from Farm Bill compliant hemp crops, so as long as the CBD extract is derived from hemp strains with no more than 0.3% THC, it is legal. However, some states may have further restrictions on the compound.
Can I buy Wholesale CBD?
One way to enter the CBD sector is to start a store, either online or in person, and sell CBD products. There is no need to be concerned with hemp growing licenses, extraction, or product development. Partnering with a reputable CBD provider is the easiest and most profitable way to get started in this industry.
What are the benefits of White Label CBD?
Since white label CBD products come as-is, there's an increased chance of competition on the market. Other brands could sell the exact same product under a different brand name. The benefit is that there's very little work in developing formulas, so they tend to be much cheaper to purchase in bulk.
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