Have you ever thought about starting your own CBD oil company in the next year? If so, you may be on the verge of becoming part of an industry that is thriving at a rapid pace. Money flows abundantly within this emerging industry. In 2021, the industry is expected to achieve unprecedented sales in excess of $21 billion. Currently, the cannabis business is literally exploding and there is a lot of money in cannabidiol (CBD) products.
That’s why we decided to share with you our expert insights. As a large European CBD company, we know the ropes of starting a CBD business. In this article, we share the most important matters you should consider to start your own CBD business.
1. Let us introduce ourselves
We have a long experience in the production of CBD and are proud to offer our distributor partners some of the best CBD products available. We deliver throughout Europe and pride ourselves on our efficiency and professionalism in handling large quantities and urgent wholesale orders.
Industry: Introduction to the potential
Cannabidiol, better known as CBD, is still relatively new to the mainstream and is becoming a household name. The purported therapeutic and health benefits of CBD, one of the many compounds found in cannabis and hemp plants, have created excitement. CBD oil has entered the market in the form of tinctures, infused edibles, capsules, topicals and more innovative products keeps popping up.
The potential of the CBD industry has prompted many people to explore starting a CBD business. However, the industry is not without its challenges, especially around the evolving legal landscape, but the opportunities are significant.
If you’re considering getting involved in the CBD industry, you should first learn more about cannabinoids and the products they use.
CBD oil Europe & USA
As aforementioned, CBD industry expected to grow enormously. Industry analyst BDS Analytics predicts the US CBD market will reach $20 billion in sales by 2024. This would be a sharp increase from $1.9 billion in 2018 (a 49% annual growth rate). The numbers in Europe keep rising and there is no trend for it to stop in the forthcoming years.
Needless to say, society is becoming more open-minded and accepting of CBD. Many people are turning to it for pain relief, stress management, better sleep and more; and many herbal shops, restaurants and local beauty salons now sell it.
Some of the trends that the CBD market could experience in 2020 include greater potency of products, more physical CBD shops, more pharmaceutical CBD products, and more access to products online through CBD websites and e-commerce shops. Actually, online sales of CBD currently account for 60% of sales channels.
What CBD products are popular?
The CBD industry is constantly introducing new products. If you want to start a CBD business, you have a wide range of product types to consider selling. Here are the most popular types of CBD currently on the market:
A sublingual tincture is CBD oil that usually comes in a small bottle with a dropper. Sublingual products are taken by placing them under your tongue and allowing the oil to be absorbed.
CBD edibles are a fast-growing sector of the industry, including baked goods, candy and food. CBD edibles have undergone significant regulatory scrutiny in the United States by the U.S. Food and Drug Administration (FDA), but remain as widely used products. Also in Europe, the consumption of CBD products is popular and considered a mature market in the hemp industry.
CBD topicals include gels, creams, balms, and ointments for pain and various skin conditions – some even claim that CBD creates hair growth. These products are placed directly on the skin to reach the localised part of the body.
Capsules (CBD Powder) – exclusively to The Real CBD
CBD is the form of powder and pills are becoming increasingly popular. Mostly because the bioavailability is higher. Meaning – you need less product for the same effect compared to traditional CBD oils and tinctures. Often patients who experience seizures or digestive problems take CBD capsules to treat their conditions.
Moreover, CBD is not just for humans. Animals also experience calming effects when given small doses, and many companies offer CBD products for pets, such as dogs or cats.
3. CBD powder wholesale Europe
The Real CBD is the only European CBD distributor that sells our unique and patented water-soluble CBD powder. And also in bulk! Below we have demonstrated our 1% & 4% powder capsules, but before you take a look, we would like to demonstrate why this cannabidiol product is so unique!
Water Soluble Broad Spectrum CBD powder works better and faster than the conventional CBD oil in tinctures. Not only does it work better, but it also has no taste and no smell!
CBD capsules offer: