≡ Menu

5 Tips for Starting and Running a Successful CBD Business

Have you always wanted to make money?

Well, you’re in luck! CBD is a non-psychoactive chemical found in marijuana that has been proven to have many medical applications. Because of these health benefits, there is an increasing demand for CBD oil.

If you’ve been considering starting your own business selling CBD oil, there has never been a better time than now. Let’s take a look at a few things you need to remember in order to be successful.

5 Tips for Starting and Running a Successful CBD Business

Owning a CBD business can be lucrative. The key is getting it off the ground right. These tips for selling CBD oil online will help.

1. Know the Marijuana Laws

If you’re going to sell CBD oil, you’d better be familiar with cannabis laws. Cannabis is classified as a schedule I substance by the U.S. government, meaning that it’s illegal to cultivate cannabis in certain states.

Be aware that CBD oil that contains a THC level of 0.3% or more is illegal. So if you’re wanting to sell CBD oil with a higher amount of THC, it can only be done within states where marijuana has been legalized. 

2. Registration And Accreditation 

Before you start selling any CBD products, make sure you’ve registered your business and applied for all the necessary permits. This process can typically be completed online.

Then you’ll need to open a merchant account that will enable you to process payments.  

3. Resist Making any Medical Claims

It’s very important to keep in mind that the FDA doesn’t support any claims of the health benefits of CBD oil. So you’ll need to make sure to clearly post this message both in-store and online. 

No matter how many positive experiences users have with CBD oil, you are not allowed to use anecdotal claims as medical evidence. 

4. Design an Amazing Website

There’s no denying the absolute necessity of having a great website for your business. In fact, designing a clean and attractive website might be the most vital factor between success and failure. Believe it or not, research has shown that the design of a website is actually more important than its content.

To see an example of a well-designed website, check out Wellspring CBD.

5. Selling In-Store and Online

One of the most obvious benefits of selling CBD oil online is that it’s cheaper than having a brick-and-mortar retail store. Plus you’ll have access to a far greater number of potential customers. 

And yet a brick-and-mortar store allows customers to have the tactile experience of seeing your merchandise first-hand and get an answer to a question from actual people. Keep in mind that being able to maintain both a retail store and online presence greatly increases your chances of success rather than doing only one or the other.

The Keys to Selling CBD Oil

Now that you know some of the most important aspects of selling CBD oil online, you’ll be able to begin taking the first steps to get your CBD business off the ground. 

Every day more and more people are discovering the benefits of using CBD oil for medical purposes, so this could be a great opportunity to put your business skills into action.

Click here to see 8 cool packaging ideas for an online retail store.