The CBD industry is booming like never before. In fact, consumer sales of CBD are expected to reach 1.8 billion US dollars by 2022. In 2014, sales were at 108 million dollars, so you can see what a massive increase this is.
If you’re looking to get a piece of the CBD pie, now is the time to do it.
But, what kind of CBD business opportunities are out there?
Check out this guide to discover the top CBD business opportunities to get started in the industry.
1. Sell CBD Infused Drinks and Snacks
CBD can be extracted into the oil with very little to no flavor. Therefore, it makes a great addition to snacks and beverages.
CBD oil is typically added to baked goods, salad, smoothies, granola, protein powders, and more. Due to the nutritional benefits of CBD, offering it as an ingredient in meals or snacks is very appealing to consumers
If you already own a restaurant or cafe, you may want to consider adding CBD products to your menu to boost your business. If you don’t own any type of food business, you could easily start creating products from your home. You can then sell the food products you create at local farmers’ markets or to area restaurants and cafes.
2. Sell CBD Supplements and Medications
While more and more people are getting on board with CBD food and drinks, supplements and medications are still the most popular way to take CBD.
Note: You should check for the best CBD oil on the market and see what’s popular today since there’s a wide market you can reach by selling CBD supplements and medications, as people use CBD for a variety of reasons. These include:
Mental health: People use CBD to combat anxiety, depression, and PTSD
Skincare: CBD contains anti-inflammatory properties that can help treat skin conditions like eczema, psoriasis, and acne
Sleep: CBD and help regulate sleep and help you fall asleep
Nausea and vomiting associated with cancer
Muscle spasms due to multiple sclerosis
As you can see, there’s a wide range of people who can benefit from CBD, which means you have a big target audience to work with by selling supplements and medications.
3. Become a CBD Tester
A CBD tester, also known as a quality control inspector, helps ensure that cannabis products comply with safety, health, and potency regulations before they’re released to the general public.
As a CBD tester, you may work for a cannabis company or government agency. In some cases, inspectors may also help enforce marijuana cultivation laws and regulations.
4. Open a Distributorship
If you can’t produce CBD products, you can still get your foot in the door by becoming a distributor or dealer.
As a distributor, you’ll work as an independent agent who enters into an agreement with a company to sell their products. However, you won’t be able to use the manufacturer’s trade name as a part of your own trade name.
As a distributor, you can sell to a number of dealers. A dealer will sell the CBD products directly to consumers or to retailers. To start this type of business, you’ll need to first find a reputable CBD producer.
5. Become a CBD Product Reviewer
New CBD products are hitting the market every day, leaving consumers swamped with choices. Consumers know that not all CBD products are created equal, and because they tend to be pricey, they want to know everything they can about a product before making a purchase.
As a CBD reviewer, you can provide consumers with the information they want to know. CBD reviewers often work for CBD publications or other sellers. Additionally, you can start your own website and make money through ads and affiliate marketing.
6. Sell CBD Topicals
In addition to medications and supplements, CBD topicals are also very popular amongst consumers.
CBD topicals include oils, lotions, sprays, and creams, and many people use them for aches and pains. These products are applied directly to the skin in order to target a localized region of the body. You can start selling these products locally before venturing out into bigger markets.
To learn more about CBD oils and other topicals, you can check out CBDoilusers.com.
7. CBD Blogger
As we mentioned earlier, people are looking to learn as much as they can about CBD products before buying them.
However, people want more information than just product reviews. Because CBD is such a new product, people are interested in learning about how it affects the body, what it’s main benefits are, and more.
As a CBD blogger, you can position yourself as an industry expert and share with the world your knowledge of CBD.
8. CBD Marketer
With more and more CBD companies popping up each year, companies are looking for ways to differentiate themselves from the competition.
This is where CBD marketing comes in. As a CBD marketer, you can help companies develop strategies that will allow them to win over consumers. From creating social media profiles to running Facebook ads to building websites, there’s a lot that you can do as a CBD marketer.
9. CBD Dispensary Manager
While buying CBD online is becoming more and more popular, the majority of people still head to dispensaries when in need of CBD products.
For this reason, a job as a dispensary manager can prove to be very lucrative. In addition to a good salary, dispensary managers often get performance bonuses, paid vacations, and health insurance. If you’re looking for steady work in the CBD industry and have management experience, this could be a good career for you.
CBD Business Opportunities: Which One Will You Explore?
As you can see, there are a lot of different CBD business opportunities out there. Now, you just need to figure out which one is right for you.
If you enjoyed this post, be sure to check back in with our blog for more CBD-related stories and news.