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Considerations for Starting a CBD Business

Considerations for Starting a CBD Business

Many people have used this time to reconsider their line of work. As business owners everywhere are making the difficult decision to shut down, others are beginning new businesses via online shops. One business venture that you may consider if you’re looking for a field that isn’t slowing down is CBD. But just like there are considerations to make before trying CBD for the first time, there are considerations for starting a CBD business as well.

The Means of Production

It takes a lot of skills and resources to make CBD products safely. To begin, research the CBD extraction process, including what type of CBD extraction you may want to use and what machinery you will need to perform it. Once you have the means of extracting CBD, you will need to find the hemp that you will extract it from. Remember, you will want quality hemp that meets the required THC standard of less than 0.3%. You will also need to have your CBD tested in a lab to produce a certificate of analysis so customers will know the exact content of THC, terpenes, and cannabinoids in your product. Depending on the extraction process, these may be naturally in the CBD, but they can also be added separately – just make sure they are also lab tested and meet all of the requirements so that they don’t have a negative effect on the quality of your products.

Choose Your Angle

There are a wide variety of CBD products on the market today. There are tinctures, capsules, and gummies that one can take by mouth or by applying lotion or balm to the body. There are also hemp flowers that can be used in various ways. Further, even within an individual product, there are differences: isolate, broad-spectrum, full-spectrum, or even products intended for pets instead of people. You will have to decide what products you want to specialize in as you begin to create a product list.

Be Wary of Making Claims

CBD is legal in all 50 states if it is below the THC limit. However, because the FDA hasn’t officially approved CBD, there are many claims you aren’t allowed to make about what your CBD can and cannot do. This is why it’s crucial to review advertising regulations for CBD products before you begin marketing your product to others.

Like any business venture, there is a lot to consider before starting a CBD business. However, if you do the proper research, make informed decisions, compare a few different wholesale suppliers, and advertise well, there is no reason why you can’t be successful. Why not take this time to try something new?

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Tags: , , , , Last modified: September 4, 2020