There are a few things you should know if you’re interested in selling CBD products. CBD, or cannabidiol, is a component derived from the hemp plant. While the most commonly known ingredient, THC, causes psychoactive effects, these effects are missing from CBD.
Cannabidiol is also legal in every state in the United States. It’s estimated to bring in approximately 20 billion dollars between this year and 2024. Cannabidiol has been known for a plethora of uses in the medical, pharmaceutical, and health/wellness industries. Cannabidiol has been integrated into just about every aspect and walk of life. Investing in a cannabidiol company is quite complicated, but not as complicated as investing in a THC-owned company since THC isn’t legal in every state. Here are the main things you need to know.
What is cannabidiol?
Cannabidiol, usually called CBD, has become a popular substance that is proven to help with a wide range of conditions, from the common cold to chronic pain. It’s been known to be added to tinctures, edible foods such as gummies, oils, and other body products.
Unlike THC (tetrahydrocannabinol), which is the primary mind-altering substance contained in cannabis, cannabidiol is a non-psychotropic cannabinoid that can be extracted from both hemp and marijuana plants.
Check federal and state levels.
One thing you’ll want to check before starting up your own vape store is to check on the federal and state laws that you will need to abide by when it comes to selling. Labels have become a major problem for disgruntled buyers when it comes to purchasing items. Loyal customers tend to notice when a product has been consistent with how it holds up.
Also, you’ll want to know your state and federal laws when it comes to selling in person or online. You don’t want buyers to have to jump through “hoops” just to get your product, even though they know it’s either most recommended or the best on the market. Remember that, if your product comes from the cannabis strain, you can easily break federal laws, even if your products have no THC in them.
Negative stigma is dissipating.
Ever since the 2018 Farm Bill was signed, many people have jumped on the CBD bandwagon, and hemp production has ramped up. Hemp products have literally almost become a conveyor belt. There is such a huge marketplace for these types of products that it’s become astronomical. Be sure that you stay up on the changing laws for both cannabis and hemp industries, so you don’t come into any issues in the future with any new products.
Packaging
The packaging of your sleeves of cannabidiol should be appealing to your customers. You can try using a shrink sleeve machine by CoolJarz: a manufacturing company for cannabis packaging. Their solution is a portable take on the room-sized shrink sleeve machine.
It takes only four square feet to operate their shrink sleeve packaging, so the machine can replace the need for traditional labels in your industry. Shrink sleeve labels have come to used on almost 100% of containers and are overall more convenient than sticker labels. It takes only a one-second drop down the SST steam heat tunnel to shrink the sleeve to your tube, making it much faster than a heat gun.
The Veil
The veil is a weed smoke odor eliminator. It completely cans the smell of weed, so you don’t have to smell any of those harsh chemicals. Some people enjoy the smell of weed smoke, while others can’t stand the smell. Cannabis smoke isn’t just THC; it’s also CBD smoke. The great thing about the veil is that it breaks down the weed smell on a molecular level, knocking the smell out in its entirety. The veil weed odor eliminator is a must-have if you’re interested in selling to the modern cannabis user.