Are you looking to expand your business? Join the Green Rush, become a CBD wholesaler! Tap into one of the most promising industries for our future.
You can join this venture through a number of avenues. However, now is the time to capitalize on the growing CBD trend, to maximize your business potential. Let’s look at this developing industry and why selling wholesale CBD oil will take your company to the next level.
What Is the Green Rush?
Named as a nod to the California Gold Rush, which exponentially grew the American economy, economists believe that Cannabis brings a similar potential as gold once did. We can only see the surface of a massive opportunity that will flourish as the state and Federal governments continue to lax the laws for growing, buying, selling, and possessing this plant and its derivatives.
To further clarify, this phenomenon refers to the sudden boom in the marijuana industry across the United States and Canada. It includes farms, wholesalers, retailers, stocks, bonds, and everything else involved in cannabis culture. The associated derivatives include medical marijuana, recreational cannabis, edibles, terpenes, other full spectrum cannabinoid products and wholesale CBD.
Why Choose Wholesale CBD?
With so many industry options at your fingertips, you undoubtedly want to know why you should choose CBD. Economists project that the CBD sector of the industry will rise above the rest of the Cannabis industry. They base this forecast on several factors.
Cannabis refers to the genus of plants with two economically important strains: Indica and Sativa. While growers currently only sell Indica strains for recreational purposes, Sativa plants offer more versatility.
Some Sativa plants contain large amounts of THC, but the hemp plant contains little of this psychoactive compound and high concentrations of CBD.
Government legislation once classified all Cannabis as a schedule I drug due to the psychoactive properties of THC. Only recently did researchers persuade an alteration to this law due to the overwhelming evidence that CBD provides a multiplicity of benefits, without making people high.
The Hemp Farming Act of 2018, passed on December 20th, 2018, decriminalized hemp and its derivatives, based on the concentration of THC propecia prix. Products containing less than 0.3% THC, such as Regenefi’s CBD merchandise, are now legal to buy, sell, and possess.
This eliminates some of both the direct and indirect costs of joining the green rush. Meaning you start of your business with more certainty.
You do not need to hope that laws will pass to allow your company to expand its reach, as you might if you decided to deal with Cannabis high in THC. Plus, CBD therapeutic research promises that this sector will thrive.
With every discovery, the demand for this product only grows. Invest in this sector now, so you can expand with it rather than sitting back and watching others profit.
When diving into the green rush, you should also consider the necessary certifications. Many companies spill money into the proper Cannabis permits and then wait for approval. As a hemp-derived CBD wholesaler, you do not need to obtain the same level of certification, saving you money and allowing you to start profiting sooner.
Green Rush Projections
According to a Brightfield Group analysis, CBD products from hemp made up about $591M in 2018. They predict that this number will reach $22 billion by 2022. More conservative assessments project rise from $190M to $646M on that same timeline. However, they see the potential for a 600% rise in natural and specialty product sales, such as Regenefi’s 100% organic CBD supplements, healing balm, and other specialty items.
How to Become a CBD Wholesaler
If you’re ready to join this lucrative industry, then start by filling out a Regenefi wholesaler application. We promise to supply your business with only top of the line, hemp-derived CBD products.
If you already own a company, then you can simply add Regenefi to your shelves. Definitely consider this if you own one of the following:
- Vape Shop
- Natural Health Store
- Veterinary Hospital
- Drug Store
- Mom and Pop Shop
- Pet Store
From this list, you will notice that we offer products for both humans and furry family members.
If you do not already own a business, decide how you want to sell our CBD.
Selling online allows you to start with lower costs upfront and reach a much larger area. However, it also means that you need to focus on SEO marketing strategies for success and be extra aware of making claims that can get you into trouble.
Opening a store gives you tangible visibility and allows you the opportunity to build a solid relationship with your customers. But, it requires a larger upfront cost.
Regardless of which route you take, you should ensure that everybody in your company, including you, staff, web designers and advertisers use language that adheres to FDA guidelines for CBD claims, to avoid legal problems. To do this, link to research as much as possible. Language matters.
Do not say: “Pure CBD oil cures cancer!”
Instead, say: “Due to the cannabinoids effect on GPR55 and PPARS receptors, researchers continue to study the role CBD plays in stopping the proliferation of certain types of cancer cells.”
You will also want to educate customer service representatives. With research and data on CBD still emerging, people will come to you with endless questions.
Continue to research and choose the avenue that works best for you. But join in on the green rush sooner, rather than later. You will exponentially increase your earning potential.
Unlike with other Cannabis sectors, you will not need a special license to sell hemp-derived CBD. However, you will need to legally register your business.
Capitalize on the CBD Industry Today
With research continuously revealing new promise for CBD and economists projecting massive potential for the industry, you know that CBD offers your company more than a passing trend. Wholesale CBD allows you to join in on a burgeoning business. Regenefi wants to see your business bud. Please contact us with any additional questions on becoming a CBD wholesaler.
FDA Disclaimer: The statements regarding these products are not evaluated by the Food and Drug Administration. The efficacy of these products is not confirmed by FDA-approved research. These products do not diagnose, treat, cure or prevent any disease. All information presented here is not a substitute for or alternative to information from healthcare practitioners. Please consult your healthcare professional about potential interactions or other possible complications before using any product.