So you’ve suddenly got a spark of interest for this new CBD craze. Or maybe you’re a long time supporter of the usage of CBD and are looking to turn your support into a lucrative business. Either way, you’ll be entering a challenging and rewarding environment. At first, you’ll be facing an uphill climb as you search for information to make your CBD business dream a reality.
If you’re looking for a place to start your research, you’ve found it. Today marks our first in a four-part series about starting a CBD business online. Here, we are going to take a look at the hows and whys of the CBD industry. To start things off, we’ll be looking at what types of niches are in the CBD industry, as well as private and white labeling.
CBD Industry Niches
The iconic bud is making a comeback in today’s market. Hemp flower comes from the hemp plant, not to be confused with other cannabis plants. Hemp is high in cannabidiol CBD, and low in THC. This means that hemp has some of the soothing qualities of cannabis without producing the ‘high’ sensation.
To anyone keeping an eye on the shops, they’ll notice hemp flower is being stocked at vape oil stores as well as gas stations. Many tobacco users are also trying to make the switch from tobacco to CBD. With the demystifying of CBD becoming more commonplace, we can expect this niche to see more growth in the future.
Issues with hemp flower may come from a disruption in the supply chain. If your hemp wholesaler is suddenly ridden with mites, you might be out of a restock. Make sure to check out our article about hemp suppliers, where we explore what you should look for in a wholesaler business relationship.
CBD Vape Oils and CBD Tinctures
Derived from hemp, CBD oils will vary in taste and viscosity depending on a variety of elements. Chiefly amongst all is the strain of hemp flower used to extract the CBD. Vaping CBD has become an expedient method of using CBD oil.
Neat and discreet, CBD vape oils are a very common method of CBD ingestion. Vape oil pens burn very cleanly and don’t leave much of a scent past the initial puff of vapor. With vaping experiencing a sort of renaissance in recent times, it would be wise to keep an eye on this market sector. CBD oils don’t necessarily have to be vaped. Like any oil, you can use it in cooking, something which even has cookbooks dedicated to it.
Made popular by many of the older demographics in the CBD consumer market, CBD tinctures offer a quick way to ingest CBD. Unlike CBD oil, CBD tinctures have an alcohol base which allows tinctures to be consumed orally for maximum effect.
CBD oil has to be stored at cool temperatures to keep out bacteria. The best way to store CBD oil is in a freezer. This means factoring in the cost of refrigeration into your CBD company business plan.
Also, keep in mind that the product must be sealed airtight. If not, the moisture in the air of the freezer will lead to the early decomposition of the oil.
CBD Topicals and Edibles
Perhaps a bit more on the niche side on this list of industry niches, the topicals, and edibles market is an ever-expanding market of high-quality products. Many topicals consist of high-end luxury spa creams.
They are especially popular with young women who are in the market for CBD. This market is great for someone who already has a foot in the door of the beauty market. If you already own a salon or sell other beauty-related merchandise, consider making the plunge into CBD topicals.
CBD edibles range from full-spectrum CBD infused gummy bears to bacon-flavored hemp dog treats. If you aren’t producing your own edibles in house, you don’t need to worry about purchasing CBD oil for production. If you plan to white label or private label your products, you won’t need to worry about this step.
Like with CBD topicals, if you have previous experience with the consumables market, this might be the niche for you. Working with large quantities of CBD oil isn’t so bad if you’ve already got a head for it. Who knows tinkering with recipes and different CBD contents might just be what you were looking for.
Private or White Label?
Both private and white labeling have their purpose in the industry. If you’re looking to purchase wholesale CBD vape oil so you don’t need to worry about production, you’ll need to make a decision.
What is Private Label CBD?
A private label refers to a company that has their product made by a third party. This outsourcing company creates the product on behalf of the private label company holder. Private label CBD products will be to the specifications of the buyer and be marked with the buyer’s brand. If requested, the private label does not have to make mention of the name of the original supplier.
Unlike white labeling CBD, private labeling CBD gives you more control over your end product. If you’ve already got a sketch of what your CBD business’s end goal is in your head, private labeling is your best bet for achieving that vision.
What is White Label CBD?
A CBD white label allows you to purchase CBD products from a predetermined catalog. Often times with white labeling, you’ll be able to make slight alterations to a product, however, there are limits.
White labeling your products are best for those who are first dipping their toes in the CBD market. If you aren’t really sure what the best formulas are, or how to come to that decision yet, it’s probably best you let your suppliers help you. Suppliers will often be keen to guide you through the process and make sure that the products you purchase are ones that you can sell. After all, if you can’t sell your stock, you can’t afford to come back and restock!
Interested in Getting Started Today?
Feeling a little restless after reading all that? If you’re looking to make use of all this new knowledge, why not work with a trusted player in the industry? Deluxe Leaf provides high-quality CBD wholesale and white label CBD products at an unbeatable price. Contact us today for a free quote to get started.