Experts estimate that one in four Americans used CBD in 2023. And with growing awareness around the legal status and benefits of this cannabinoid, that number is sure to increase in 2023.
The CBD industry is booming. And if you are starting up a CBD business this year, you are sure to make a quick buck or two. But to maximize your profits, consider buying in bulk.
Buying wholesale CBD can save you thousands of dollars per year. And that is why we are bringing you this guide. Keep reading to learn our top wholesale tips for buying CBD.
Make Sure It Is Legal CBD
Do you plan to sell CBD products in states where recreational cannabis use is not legal? If so, you must ensure the CBD products you buy are legal for your customers to purchase and use.
It can be difficult to know all the laws regulating CBD in different states. But, in general, you can stay on the safe side as long as you buy CBD derived from legal hemp.
According to the 2018 US Farm Bill, legal hemp is any cannabis plant that contains 0.03% THC or less. As long as your CBD products come from legal hemp, most of your customers can legally purchase them.
Consider Different Types of CBD Products
You may see a lot of variety when buying CBD in bulk. You can usually purchase CBD flower or CBD extract. CBD extracts come in three different versions: full spectrum, broad spectrum, and isolate CBD.
It is important to note that no matter what type of product you buy, it should always come with a COA. COA stands for certificate of analysis.
In the CBD industry, that means a third-party lab has verified the claims on the product’s label.
Full-spectrum CBD includes all the natural plant materials of hemp. These extracts contain fatty acids from the plant’s leaves and stems, as well as terpenes and cannabinoids from hemp flowers.
Importantly, full-spectrum CBD products do contain some THC. However, to be legal, these products must contain 0.3% THC or less.
Full spectrum products tend to be the most preferable form of CBD for customers. That is because full-spectrum products may offer the entourage effect. The entourage effect boosts CBD’s health and wellness benefits.
Broad-spectrum CBD also includes most of the natural plant materials of hemp. The difference between broad-spectrum and full-spectrum CBD products is that the former does not contain THC.
This type of CBD extract is best for customers who want to avoid drug tests. For example, customers in states where THC is still a scheduled drug may enjoy this type of extract.
A CBD isolate contains pure CBD and nothing else. It does not contain fatty acids from hemp leaves or stems. Isolates also do not contain any terpenes or other cannabinoids aside from CBD.
Isolates come in different forms. You will often see isolates in liquid form. But some wholesalers offer CBD powder isolates for mixing into drinks, smoothies, and food.
Once you know what kind of CBD products you want to buy wholesale, you can start searching for suppliers. There are thousands of CBD wholesalers online, though. So, how can you choose between them all?
It is important to work with a wholesaler that sells products to suit your customers’ preferences. Some of the most common CBD customer preferences are for organic, US-grown CBD extracted via CO2 extraction.
Organic CBD producers typically grow their hemp without pesticides. These products may also be free of heavy metals and other contaminants that could negatively impact your customers’ health.
The type of extraction method is important for CBD product safety, too. CO2 extraction is the industry’s gold standard for safety. However, ethanol extraction is also a desirable extraction method for safe CBD products.
There are other important factors to consider as well. For example, you may want to work with a producer that operates a good manufacturing practice (GMP)-certified lab. Or you might prefer a seed-to-shelf wholesaler.
Bulk CBD Pricing
The whole point of buying wholesale products is to reduce your costs. So, you want to ensure you are actually getting a deal from the CBD wholesaler you choose to work with.
To find the best price, you can compare different wholesalers. But remember that the lowest-priced product is not always the best one. You want to balance cost with quality when you buy wholesale.
Bulk CBD Shipping Times
A good CBD wholesaler will offer next-day or even same-day shipping. Some may even offer free shipping, but you likely will not get your products the same day or the following day.
One way to ensure speedy and cost-effective shipping times is to work with a supplier that ships via air transportation. Ground shipments take much longer. What is more, they usually cost significantly more than air shipments.
The Supplier’s Reputation
Last but certainly not least, you should vet out your supplier through reviews. Make sure that other CBD business owners recommend buying from that supplier.
One bad review shouldn’t turn you away from a high-quality product. But if you see multiple bad reviews, this is definitely a red flag.
Want to Learn More About Buying in Bulk?
When it comes to CBD, buying in bulk can save you a lot of money. Make sure to keep this guide handy the next time you order CBD wholesale. Your business finances will thank us for these tips!
Are you looking for more tips about running a CBD business? You’ve come to the right place. Keep scrolling for additional articles just like this one!