CBD Wholesale is one of the fastest-growing markets around the world. If you are one of the many looking to profit from becoming a CBD wholesale distributor, there are a few steps you’ll need to take to get your business started. We know the steps to take to become a CBD wholesaler, and we’re here to share some of our knowledge to help you get started!
Interest in CBD, as well as CBD sales, has begun to increase within the last 6 years, reaching from $3.5 billion to $11 billion within that period. These numbers are projected to continue growing over the coming years, reaching $20 billion by 2024. This means more CBD companies will emerge, and being able to set yourself apart from other companies is vital to succeed in this growing market.
What is CBD Wholesaling?
CBD Wholesalers sell their line of CBD products in bulk to other businesses at a lower rate per unit. These businesses then sell this product to their customers. The perk of becoming a CBD wholesaler is avoiding the need to prepare the items for the customer, so you can easily sell CBD in bulk for a better price per unit. Currently, selling CBD that is derived from the hemp plant is considered legal under the 2018 Farm Bill, which states that the hemp cannot contain more than 0.3% of THC (tetrahydrocannabinol).
How do you Become a CBD Wholesale Distributor?
1.Partner with a CBD supplier that provides high-quality CBD products.
Once you’ve done some basic research about the CBD industry, you’ll then want to find a supplier providing high-quality CBD products. Suppliers that provide high-quality CBD products will be following the organic cultivation standards.
You’ll also need to find out if the supplier uses any chemical fertilizers or pesticides during their hemp production. If the products contain any pesticides, this can do damage to your reputation as a CBD wholesaler, which could cause you to lose business and potentially hurt someone in the process. For instance, if someone that may by immunocompromised purchases your product that may contain pesticides, your product may harm them and result in endangering those individuals looking for safe, clean, and effective CBD products. In the end, this is a potential threat to your CBD business and your customers. To avoid this completely, partner with a CBD supplier that is transparent with their lab results, providing proof of what each product contains.
At Doc Patels, the safety of our customers is our number one priority. Which is why in our third-party lab test results, you’ll find that our CBD levels are consistent, our products are safe, and our products are effective.
2. Ask for third-party lab test results.
As we mentioned, the third-party lab tests are a tell-all in consistency and quality. When you are searching for hemp-derived CBD distribution opportunities, the third-party lab test results will reveal everything you need to know about that supplier’s products. When you request to view the lab results for each batch of CBD, you should take a look at the cannabinoids and terpenes that each batch contains. If the supplier can’t provide you with the lab results, they are unable to prove their credibility, quality, and safety of the products they’re providing. If the CBD products you sell have more THC in them than you originally thought, you could be unknowingly unabiding the Farm Bill. In addition, the information you provide your own customers will also be just as misleading and false.
3. Look for an experienced CBD supplier.
Search for a CBD supplier that has experience in the CBD industry and can help you with anything you need while you’re growing your business. The Doc Patels team has been in the CBD industry for over 12 years, and this experience has built a strong foundation for creating a successful CBD business and long-lasting industry relationships. Additionally, we have industry knowledge and marketing material that is readily available for you to get started with your CBD wholesale business. We know there is a lot of information to learn when you first start a CBD wholesale business, which is why we are here to assist you every step of the way.
Now that you know some of the essentials on how to become a CBD wholesale distributor, you can get in touch with a Doc Patels specialist to learn more about our partnership programs.
Doc Patels was founded by Dr. Rachna Patel, a CBD expert in Cannabinoid Medicine. Her goal is to help committed entrepreneurs and healthcare professionals learn more about the CBD industry. Through our partner programs, you can find a variety of resources to help you choose the best program for your business.