3 Tips for Starting Your Own CBD Business
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3 Tips for Starting Your Own CBD Business

The CBD industry has seen significant growth ever since the cultivation and extraction of hemp became completely legal back in 2018. This change has allowed CBD oil to become much easier to produce and distribute than ever before, and entrepreneurs have taken note. If you’re one such potential business owner, you should read these three tips for starting your own CBD business that will help you stay competitive.

Divorce CBD From Marijuana

A common misconception is that CBD will cause you to become high since it’s so closely associated with marijuana. While marijuana does contain CBD, hemp is a cannabis plant with a lot of CBD while containing negligible amounts of THC. THC is the chemical that causes the high. To prevent confusion and convince skeptics, you need to distinguish clearly what makes CBD different from marijuana—you’re not aiming to run a dispensary after all. This way, customers understand that CBD has benefits without the side effect of causing highs.

Set Sanitation Standards

A good tip for starting your own CBD business is to exceed sanitary requirements. As a relatively unknown product to the general public, going the extra mile to make your business look and function at a higher sanitation standard can do wonders for a customer’s peace of mind. For example, CBD businesses should invest in stainless steel equipment. This material is easy to clean and doesn’t corrode. This ensures all products are safe for consumption and gives your business a sleek, professional look that inspires confidence.

Understand Regulations

While hemp and CBD have become completely legal on a federal level, that doesn’t necessarily mean every state is on the same page. While creating and running a business centered around CBD, you should keep up with the relevant local laws and regulations. Furthermore, note that legal CBD products have 0.3% or less THC content. Fortunately, this regulation is typically not an issue when extracting from hemp. Being mindful of these rules will be important for keeping your business out of trouble and staying on the cutting edge of the industry. When you understand the details of the regulations, you can recognize how you can optimize your business practices to be compliant with laws. At the same time, you can keep your standards as efficient and effective as possible.

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