Cannabidiol or CBD oil has become incredibly popular in the United States, known for providing a wide range of health benefits. From pain relief to seizure reduction, the benefits of CBD  products are well-supported by scientific evidence. Not only is CBD oil a popular alternative therapy, but it is becoming increasingly more available in stores and online.
Why is it better?
Top CBD Oil Brands (August. 2021)
If you’re taking CBD for certain medical conditions, your doctor may be able to help you find a local seller. Your doctor may also be able to help you determine the proper dosage to achieve the desired results. There are no standard dosing recommendations for cannabidiol, so it’s a good idea to consult your doctor anyway before using a CBD product.
But the marijuana industry is far more complex than simply growing plants and selling dried flower to consumers. Rather, there are numerous ancillary businesses and niches within the cannabis space that are thriving above and beyond what we’ve witnessed as a whole. Perhaps no aspect of the green rush is more exciting than the rise of cannabis derivatives and cannabidiol (CBD).
According to estimates from the Brightfield Group, CBD sales — CBD being the nonpsychoactive cannabinoid best known for its perceived medical benefits — are expected to soar from $591 million globally in 2018 to $22 billion worldwide by 2022. For those of you scoring at home, that’s a 147% compound annual growth rate.
Cannabidiol sales could tally $22 billion by 2022, and these brand-name companies want their piece of the pie.
Image source: CVS Health.
Just how popular have CBD products become? Well, nine major retailers, both public and private, are now selling CBD-based products. Here’s a look at the wide gamut of retailers now carrying CBD oils, topicals, and capsules.
Continuing the running list, Designer Brands (NYSE:DBI) is a sixth major retailer selling CBD creams and balms. Designer Brands, which is formerly known as DSW, hooked up with Green Growth Brands and its Seventh Sense line of CBD-infused products to test these products in 10 of its stores. After 74% of the product sold in a 10-week span, Designer Brands decided to expand this partnership to include 96 of its U.S. stores and nearly 55,000 total units of product. Interestingly enough, Green Growth’s current CEO used to be Designer Brands’ president.
Since its inception in 2015, CBDistillery has gained a solid reputation as a trustworthy partner of thousands of nationwide retailers. All products supplied by the company are tested by third-party laboratories and packaged with clear labeling. Examples of the retailers CBDistillery partners with include convenience stores, independent pharmacies, medical/healthcare offices, and wellness centers.
Perhaps the most crucial step to succeeding with selling CBD wholesale is finding a dependable supplier. Avoid selling something that you would not necessarily consider trying yourself. Low-quality products will reflect poorly on you as the wholesaler, so don’t cut corners to save yourself money.
A number one producer, manufacturer, and distributor of American-cultivated, hemp-derived CBD, Global Cannabinoids was also established in 2015. Specializing in bulk and wholesale CBD, the company’s product range includes CBD coffee, water-soluble nano CBD, pure hemp oils, CBD-infused bath bombs, CBD-rich full-spectrum tinctures, and CBD soft gels, to name a few.
If you are to stand out among the ocean of hemp-derived CBD wholesale sellers, you must prove it.
Learning how to get into the CBD business demands a certain level of knowledge on the best suppliers. Allocating time to finding one you want to work with is not always possible with so many other tasks to accomplish while setting up a wholesale CBD company.
Remember to track precisely where your hemp-derived CBD products are being distributed. This is essential, among other things, because some states continue to prohibit the possession and sale of CBD products.
Some states require a hemp handler’s license in order to possess or distribute hemp and/or hemp products. Other states may require a special hemp processor license. Some states may also regulate CBD under their existing food safety laws, which requires that facilities where hemp products, including CBD, are produced, stored, and distributed be registered with the state’s department of health and operate in compliance with food safety laws and regulations.