Cbd shop is all over the news and your friends’ social media feeds, but what do you really know about this healing compound? In the last few years, it has gone from a fringe health trend to a staple in the health and wellness industry. This is largely due to the US Farm Bill, which legalized industrial hemp and allowed CBD products to be sold nationwide.
CBD Oil 101: A Buyer’s Manual for First-Time Shoppers
To take advantage of this explosive growth, entrepreneurs are turning to the sector to launch new companies. While starting any business requires hard work and perseverance, the cannabis industry is ripe for opportunity—especially for those focused on CBD, which can treat a variety of conditions without the high associated with THC, the main component of marijuana.
In order to stand out in this crowded market, businesses should focus on ensuring that their CBD products are high quality. One way to do this is by providing third-party lab testing results, which are often available via QR codes on the product packaging. Identifying your target customers is also important; this can help you to craft marketing strategies and select the right products.
If you’re looking to sell CBD or hemp-derived products, be sure to carefully review and submit the Attestation for the Sale of Hemp and Hemp-Derived Products form, located within your Shopify account. In addition, you should consider registering your business with the state to obtain any necessary permits and licenses. It’s also a good idea to choose wholesale suppliers, payment processors and other vendors with whom you will work before opening your store.