how profitable is cbd

How Profitable is CBD?

Today’s blog is not to talk about the wonderful benefits of incorporating CBD into your daily routine, that is something we have already extensively covered in numerous blogs and pieces. This post is more focused on another type of benefit you can experience with CBD. It’s the opportunity to benefit financially from the lucrative opportunity the CBD industry has to offer and what makes CBD profitable! So, if you are interested in capitalizing on timing and an exploding industry while making a difference in other people’s lives, then keep reading. Growing Interest & Demand for CBD CBD is only getting more popular with an increase in demand every year. The industry has grown exponentially not just in the last decade, but ever since 2020, two years after the 2018 Farm Bill was passed. The global CBD market size was at a value of $2.8 billion in 2020, around $3.7 billion in 2021, and is projected to reach over $55.8 billion by 2028! The compound annual growth rate (CAGR) expected between 2020 and 2028 is projected to be 47.49%. These are huge gains for an industry that has managed to create large amounts of increased momentum. It also means it is

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7 Things to Look for in a Wholesale CBD Manufacturer

7 Things to Look for in a Wholesale CBD Manufacturer

When looking for the right wholesale CBD manufacturer for your business; it is important to make sure they are a quality provider who will hold themselves up to the standard they claim. There is a lot to juggle when starting your own brand. A good manufacturer can help alleviate some of those concerns and pressures by providing help in areas that don’t necessarily require your focus. People may say manufacturers are the middleman, when in fact, they are more like a partner. Just like the African proverb says, “If you want to go fast, go alone & if you want to go far, go together”. The manufacturer’s duties are focused on providing you and your customers with the highest quality products. Plus which are up to regulation standards and deliver results. This allows you to focus more time and energy on marketing and building your brand. 1. Quality Products The first thing to be focused on is the quality of the products you are receiving from your manufacturer. You may have elite marketing, a great business plan, and perfect exposure. But without a quality product, all of those advantages listed above are rendered useless. Quality control is one way to

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