How to Find A Supplier for Your Online CBD Business
The popularity of CBD has soared to incredible heights in recent years as a result of the scientifically proven benefits of using CBD products for one’s health with no significant side effects. According to industry experts, the projected financial growth of the CBD oil market alone is expected to grow by $3.52 billion in the next four years. As a new player in the booming CBD industry, you may be looking to grab a slice of this huge financial opportunity.
However, one important question you have to consider when setting up your online CBD store is: how to choose a good supplier for quality CBD products? Getting a CBD supplier that has established a good reputation will be of immense benefit to you and your customers. To achieve this, you will have to carry out extensive research on the numerous CBD companies and choose the right supplier for your particular needs. To do so, you should evaluate several criteria, which include the price and quality of their products, the method they use in CBD oil extraction, and their compliance with the regulatory guidelines set by the FDA.
At the top of the list of trusted hemp companies you can choose to be your supplier are companies such as CV Sciences, ENDOCA, Gaia Botanicals, Isodiol International, CBD American Shaman, Canopy Growth Corporation, Elixinol, and IRIE CBD. However, you should, of course, do your own research into finding the right supplier for your CBD business. This can be done by using the following resources:
- S. Hemp Authority Program
A reputable CBD supplier should have the mandatory US hemp certification to be allowed to carry out the processing and manufacturing of CBD products. This certification program was created by major stakeholders in the CBD industry. It is made up of the top hemp companies, top CBD testing laboratories, and quality control agencies. Earning this certification allows hemp farmers and CBD processors to be educated on the best manufacturing practices as laid down by the FDA. It is also a good way for distributors and consumers to find FDA-compliant CBD manufacturers.
- Website claims and marketing campaign review
Before deciding on your CBD supplier, be sure to visit their website and read up on their CBD marketing practices. No reputable CBD company will make medical claims about CBD on their website, as this falls afoul of the FDA rules. Any company that makes outrageous medical claims in its marketing campaigns to boost its CBD product sales should not be patronized.
- Quality Assurance and Transparency
It is quite difficult to determine the quality of CBD products made by a hemp company, but a reputable hemp company would not be afraid of sharing their Certificate of Analysis (COA) report when requested by a third party. This lab test report shows the purity and potency of their CBD products in regards to the level of CBD and THC. They should also be able to tell you where they source of their CBD oil, be it from local hemp farms that are FDA certified or from Europe.
Ultimately, when finding a supplier for your budding CBD business, you need to make sure that they are reputable and have the proper certifications in face. Because CBD is in a legal gray area, you want to make sure that you have all of your ducks in a row here; otherwise you may risk fines and penalties later on. That being said, there are many different CBD suppliers out there who will be happy to work with you if you just know where to look.