Is CBD Wholesale Right for Your Business?

Should Your Business Invest in CBD Wholesale Products?

CBD wholesale business ideas

Estimates vary, but it is believed that the CBD industry was valued at $9 billion in 2021 and could be worth over $59 billion by 2030! Cannabidiol is a non-intoxicating cannabinoid found in industrial hemp.

When the 2018 Farm Bill was introduced, it boosted the CBD market. While it didn’t legalize the compound, it did end the federal prohibition on the cultivation of industrial hemp with a maximum THC content of 0.3% by dry weight. As it happens, a significant proportion of hemp grown worldwide, particularly in the United States, is used for the CBD market!

Furthermore, the cannabinoid is broadly tolerated in virtually every American state and dozens of countries worldwide. With minimal restrictions in such a lucrative industry, it is worth asking whether your business should consider investing in the CBD wholesale market. This article looks into CBD wholesale and outlines what to expect from a reputable seller.

What Is CBD Wholesaling & What Are the Advantages?

When you engage in the CBD wholesale market, you purchase bulk products. When we say ‘bulk,’ we mean buying hundreds, if not thousands, of products. By doing so, the wholesaler will give you a phenomenal deal in a price-per-unit sense. Moreover, top-rated companies offer a huge array of products, including CBD oils, topicals, gummies, chocolate, hemp flower, vape liquid, and much more.

By getting involved with CBD wholesale, you could earn a substantial return on investment (ROI) on each item you sell. Imagine buying something for $30 per unit and selling at $70+! Also, you can rely on fast and easy delivery as the wholesaler handles most aspects of packaging and sending its CBD products to your store or warehouse.

As long as you use a reputable brand, you know that the products you receive comply with the legislation in your country. For instance, if you buy from an American company like PureKana, every product is lab tested and contains a maximum of 0.3% THC.

When you buy in bulk, you benefit from having a larger stock for longer. The alternative involves placing numerous small orders, paying additional delivery fees, and generally wasting time that is better spent running your business.

Things to Consider When Looking for a CBD Wholesale Partner

CBD Wholesale Partner

Ask yourself the following questions to ensure you’re getting into business with the right CBD wholesale company.

  • Do the CBD products come from organic hemp plants free of heavy metals, pesticides, and solvents?
  • Does the brand include updated third-party lab reports with every batch?
  • What is the product variety like?
  • What is the CBD concentration of each product?
  • What form of extraction is used when getting the cannabinoids and terpenes from the hemp?
  • What is the seller’s online reputation like?
  • What method of transport does the CBD wholesale company use when shipping the products to your location?

If you’re unhappy with the answers to any of the above questions, it is perhaps best to look at another potential partner.

Who Should Consider CBD Wholesaling?

First and foremost, only sellers who genuinely believe in the benefits of CBD should get involved in the industry. Otherwise, you won’t be able to conduct successful marketing campaigns since you clearly don’t have faith in the products. Also, you must be prepared to invest time in learning more about the CBD industry and the cannabinoid itself.

You must also have a target audience in mind, along with the right marketing tactics. Otherwise, you could end up with thousands of CBD products losing their value in your warehouse. Ultimately, you should investigate a CBD wholesale partnership if you run one of the following types of companies:

  • Vape shop
  • Spa
  • Gymnasium
  • Pet store
  • Health supplement
  • Chiropractor

Final Thoughts on CBD Wholesale: Should You Get Involved?

If you run a company that would naturally sell a product like CBD oil, it is worth looking into buying products wholesale. The industry is booming and will likely get even bigger in the next few years. With many potential customers, it makes sense to enter into a partnership with a reputable CBD wholesale company.

You gain access to an impressive array of products at unbeatable prices. If you have a solid marketing plan and a large enough target audience, the sky’s the limit in terms of profitability. 

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