If you are interested to enter the field of CBD wholesaling, you can check out various companies that offer such program. Most of these companies provide thorough information on how you can effectively market CBD products. You can benefit from this opportunity by learning more about the different CBD formulations, product types, and variants. You would be amazed to learn that there is a huge variety of products that suit different needs and lifestyles.
The CBD oil industry is already a multi-million dollar market with projections of reaching $1 billion in product sales by 2020. Because hemp-based CBD doesn’t contain any THC, people don’t become high with every use – a unique characteristic that only increases the popularity of this cannabinoid compound. And with the federal reclassification of industrial hemp, all 50 states have become authorized to establish agricultural programs solely to cultivate industrial hemp – many for CBD extraction purposely. Analysts have even predicted the market for hemp-based CBD to soon surpass the legal marijuana industry.
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.