![]() If you cannot trust that the supplier manufactures high-quality, uncontaminated hemp-derived CBD, don't expect to have an easy time selling it. With this in mind, there are a few other things to tick off your checklist: Under the Farm Bill, hemp must contain no more than 0.3% of the psychoactive cannabinoid THC (tetrahydrocannabinol), as measured on a dry-weight basis. After all, the bill established the foundation for the production and sale of CBD products made from industrial hemp. When the 2018 Farm Bill federally legalized industrial hemp production across the U.S., more people became curious about how to get into the hemp-derived CBD business. Enter selling hemp-derived CBD wholesale.īefore You Start: The CBD Wholesale Checklist This means that the industry grew at a compound annual growth rate (CAGR) of 107%!Īs the CBD market continues to flourish, so too do the opportunities for sellers. If we compare these figures to the amount of CBD sales recorded in 2018 - around $620 million - it is clear that the market is on a steep incline. Thanks to the rise of CBD wholesale companies marketing CBD products online, sales are forecasted to top $23.7 billion by 2023. With so many product options on offer, such as tinctures, vape oils, topical salves, and more, being a CBD reseller has potential to be a profitable venture.īrightfield Group analysts recently predicted that year-over-year CBD sales in the United States will soar 706% this year to approximately $5 billion. Some other big-name retailers jumping on the bandwagon include drugstore chain Rite Aid and America's largest supermarket chain by revenue, Kroger.Īccording to a new Gallup poll, one in seven Americans are CBD consumers. Shortly after, Walgreens Boots Alliance announced it would also start carrying CBD topicals in 1,500 stores. In March, CVS Health revealed its plans to stock CBD topical products in 800 stores spread across eight U.S. ![]() ![]() Legal global sales of cannabidiol, or CBD, skyrocketed between 2014–2018, climbing from $3.4 billion to $11 billion during the four-year period. The option to sell hemp-derived CBD wholesale is an appealing one cannabidiol is high in demand and retailers are catching on. Please note, all references to “CBD” or “CBD products” within this post refers to hemp-derived CBD, not marijuana-derived CBD. ![]()
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