Recently, the Hemp Industries Association joined forces with RMH Holdings and Centuria Natural Food to challenge the law, asking the federal court to review the final rule on the grounds that it is arbitrary and unconstitutional. The opening brief, filed on April 3, 2017, accuses the DEA of failing to act in accordance with standard protocol for scheduling the newly prohibited substance under the Controlled Substances Act.
It’s fair to say that the CBD market is thriving. According to market intelligence company Hemp Business Journal, $130 million worth of products containing the cannabinoid were bought in the U.S. in 2016. And that figure is only set to rise in the years to come, the data analyst believes. Indeed, the source estimates that consumer sales of CBD goods will total an astounding $2.1 billion by 2020 – buoyed, perhaps, by claims that the usage of such products can help alleviate the symptoms of chronic pain, depression and diabetes, to name but a few conditions.
I've had experience with this method, and if you know what you're doing, skies the limit. But if you're a beginner and you want a long term strategy in place where you don't have to go out there and search for customers to join your platform and purchase from you, rather they come to you every single time, then my next method is one you should pay careful attention to.
In general, companies ask for basic information such as the full name, age, email address, contact number, and company name. Additional information such as how and where did you learn about CBD and your interests may be asked. Also, applicants for wholesaler’s program may be asked if they own a retail store, an e-commerce website, or any other form of business. You will also need a CBD payment processor since most standard banks, Paypal, etc.. won’t process these sales.
Green Gorilla marks itself out by simply blending its flagship line of CBD oils with organically produced extra virgin olive oil – and nothing else. And, as the company states, there’s a benefit to this beyond assuring the product’s purity. In particular, olive oil “has synergistic effects in combination with CBD,” and according to Green Gorilla’s website, it’s “also able to deliver the CBD to the parts of [the] body that need it most.” The products are certainly affordable, too: its 150 mg pure CBD oil comes in at $25.99, for instance, making it a smart choice for new users. And anyone still uncertain about the potential effects of Green Gorilla’s products may have their questions answered by the convenient “science” section of the manufacturer’s website, which neatly explains the difference between THC – the cannabinoid that makes people “high” – and CBD.
A lot of people can actually benefit from CBD such as people in the corporate world, athletes, individuals suffering from sleeping disorders, stress, depression, anxiety, and panic attacks, and those who are looking for a product that can help them improve their health and general wellness. For this reason, entering the field of CBD oil wholesaling may be one of the best opportunities for anyone who has an eye for good business.
To ship or not to ship, that is the question. And the answer isn’t as clear as you may think (or hope). Legally, there is still quite a bit of gray area surrounding shipping cannabis oil. Some experts say shipping is illegal and may result in confiscation and seizure, while others argue the Farm Act of 2018 makes buying, selling and shipping CBD oil perfectly legal, particularly if the CBD oil is hemp-derived. The DEA itself has stated that CBD is not a top priority for the agency.