CBD has been the topic of many conversations, and it is no surprise given the astonishing effects this chemical compound has on our bodies. As you may know, the wholesale CBD industry has grown leaps and bounds in the past few years. That stems from the increased demand for high-quality CBD products, especially “Cannabidiol” – ranked as the most popular extract ingredient in 2019. According to financial projections, the CBD industry is expected to be worth more than $22 billion in the next couple of years.
As per the industrial hierarchy, the CBD transmission chain starts with wholesale retailers selling large quantities of hemp-derived CBD oil. These hemp-derived extracts are purchased by product manufacturers and packaged into different daily-use products like skin creams, hair gels pet products, etc. If you are looking to buy hemp-derived CBD in bulk, you are at the right place. This article will go over all the tips and tricks for you to get the best wholesale CBD deals.
However, before we jump into the business aspect of CBD, let’s first go over what CBD is.
What is CBD?
CBD, short for cannabidiol, is a naturally occurring chemical compound derived from the cannabis Sativa plant, purported to have various health benefits for us. These include reducing anxiety and depression, providing relief from pain, treating acne, and alleviating symptoms of heart disease.
As a naturally occurring substance, CBD usage in industrial products like oils and edibles has become common. That is due to their therapeutic effects on the skin and muscles. Recently, CBD use has expanded to the medical field, where a synthetic CBD version called Epidiolex may help treat certain types of epileptic seizures.
Before moving on to the nitty-gritty of buying wholesale CBD, it is a good idea to discuss why most consumers prefer purchasing CBD products in bulk.
Why Buy CBD in Bulk?
So there are two types of CBD consumers that prefer buying CBD in bulk. The first in line are product manufacturers that use CBD extracts to put together a range of daily-use products like creams and edibles. The second type consists of regular individuals that prefer using CBD products daily.
The benefits of purchasing bulk quantities of CBD can be attributed to the lower costs and continuous supply for retail business owners. As a large-scale purchaser, you generally look for deals that offer the best quality products at reasonable prices. On the other hand, individual users are more focused on getting deals that can save them money while also ensuring a regular supply.
If you are a newbie in the CBD business, here are some tricks and tips to guide you through the process of buying CBD in bulk.
Check the Seller’s Reputation
Before buying CBD products from a seller, it is essential to do a background check. Thanks to the internet, you can find customer reviews for all kinds of sellers and their products. That can help you choose the best CBD vendors based on the experiences of other customers. Some of the most reputed CBD companies have websites that allow users to leave comments and reviews regarding the quality of their products and services. If you can not find any such websites, you can visit their social media platforms to get an idea about their reputation and how they conduct their business.
It is best to avoid wholesalers who are vague about where they source their hemp or how they extract CBD. It would also be a wise move to verify their certificate of analysis (COA) or request to show the third-party independent lab test reports.
Check the Quality of Wholesale CBD
One of the major concerns among buyers is regarding the quality of the hemp they are purchasing. Like all other industries, the CBD industry has its share of wholesalers with varying quality levels. Often, wholesalers trick inexperienced contractors into buying hemp that is not suitable for recreational use. This type of hemp is known as “hot hemp,” and it contains high levels of Tetrahydrocannabinol (THC). Hemp containing such high levels of THC is not legal for sale in most states.
To ensure that you do not get ripped off and get the best quality product, there are some crucial questions that you should ask the seller:
- Is hemp organic?
- Was it grown indoors or outdoors?
- Are the THC levels as per the government policies?
Besides, you would also want to know what extraction techniques were used to extract CBD from the plant. Ethanol extraction and CO2 extraction are two of the most commonly used methods. Some of the best wholesale CBD companies use CO2 extraction as it is one of the safest and cleanest techniques. Ethanol extraction is a little slower and labor-intensive, though it is very efficient too.
All these factors play a critical role in the quality of CBD you buy from a wholesaler. Being proactive and vigilant will ensure that you get a top quality organic final product without any traces of solvents or pesticides that can put the end user’s health at risk.
Understand Compliance Laws
Within the US, legalities regarding the buying and selling of CBD products vary from state to state. Therefore, before ordering bulk quantities of hemp-derived CBD products, you must be aware of the hemp laws in the place where you are conducting your business.
Research the CBD Market
One of the few mistakes that fresh buyers often make is that they put too much faith in market projections. In an attempt to make some quick money, they formulate a shallow business plan without understanding the ins and outs of the CBD business. The drawback here is that such inexperienced brands fail to make their target sales and are doomed to fail.
The CBD market is flourishing, and buying CBD wholesale and selling it can prove to be a profitable venture. An increasing number of retailers are stocking CBD products owing to the mounting scientific evidence about its effectiveness in treating several symptoms.
Allocating some extra time and effort into finding a trustworthy supplier to get bulk orders for your CBD business will provide you a lucrative opportunity to tap into this exponentially growing industry.