The CBD industry is growing rapidly in the United States. In 2019, the industry’s market cap was $4 billion.
Experts predict this amount will reach $25 billion by 2025.
If you’re an investor looking to get into the industry, you may be wondering how to buy wholesale CBD in bulk.
The good news is that buying wholesale cannabis products isn’t difficult. In fact, doing a few minutes of research can help you purchase wholesale Organic CBD products Dayton TX products with ease.
In this guide, we’ll teach you everything you need to know about buying wholesale CBD products, so read on!
Know What Kind of Products the Wholesaler Is Offering
Before investing, you should do in-depth research on the kinds of products a wholesaler is offering. Particularly, here is the information you need to know:
The THC Content
In 2018, the United States passed the Farm Bill. This has legalized industrial hemp farming, only if the plants contain less than 0.3% THC.
Now, remember that tetrahydrocannabinol (THC) is the ingredient in the marijuana plant that makes people feel “high”. If a wholesaler provides a product with a high concentrate of THC, they could be breaking the law.
This can cause scrutiny on your part if your customers get into trouble when using your products.
Think About Pesticides
All quality CBD products should be derived from organic hemp. If you approach any product that was sprayed with insecticides or pesticides, move on.
Full-Spectrum Is Ideal
Full-spectrum CBD is a cleaner product that doesn’t contain any toxic chemicals. It’s also packed with flavonoids and terpenes.
Broad-spectrum CBD is more unrefined and contains no THC concentrate. It’s recommended that you use full-spectrum CBD for bulk purchases.
You can usually find this information from a wholesaler’s lab report, according to ciitech.co.za.
Check the Wholesaler’s Pricing Model
Some wholesalers claim that they offer a wide variety of CBD products.
In reality, they may not offer an affordable deal for bulk purchases. It’s important to stay away from these companies. The reason why is because they often survive for a short window only to make a quick buck.
If you want to purchase affordable CBD in bulk, you should choose a reliable provider that has a proven track record in business.
Check their pricing model, and make sure it’s reasonable enough for you to scale your business without raising too much of your overhead costs.
Prioritize Fast Shipping
As your business starts to grow, you should choose a wholesaler that will provide fast shipping.
A profitable CBD business needs fast shipping to survive. Imagine that a customer has placed an order for 50 bottles of CBD oil. You have nothing in stock and your wholesaler has delayed giving you the bottles you need.
What will happen is that your customer will get angry and never buy from you again. To maximize your profits and customer satisfaction, make fast shipping a priority for any wholesaler.
Learn More About Wholesale CBD Tips
As you can see, there are several things you should know before you buy wholesale CBD products.
Taking this information into account can help you grow your business and select the right wholesaler. To learn more about topics like this one, check out more of our helpful articles.