A Quick Guide for How to Sell CBD Oil

The recreational marijuana and CBD industries are controversial, yet profitable.

If you’ve been wanting to get in the fun for some time but don’t know how to sell CBD oil, this article is for you.

We’ll walk you through some necessary steps you need to take if you want your cut of the action.

Find Out the Legalities

The first thing you need to know is that CBD extracted from the cannabis plants is illegal according to Federal Laws.

While there are many shops that sell CBD oil, it’s not always easy to work the laws and legalities that surround it.

Although it’s illegal in the Federal Level, you should check with your State laws that allow recreational marijuana.

You Must be Compliant With the Law

As you already know, the laws surrounding CBD can be quite tricky. And even if you comply with the laws, any lack of transparency can get you in trouble.

Ensure you follow your State Laws and don’t deviate. You might also want to not CBD use is approved by the FDA.

Create a Business Plan

There’s no doubt the CBD industry has grown at a rapid rate. In 2016, the sales of CBD reached $688 million. And it’s projected to grow to about $1.8 billion the year 2020.

Since the competition will be fierce you need to think of your marketing plan in terms of financing, products, marketing, and sales forecast.

Register Your Business & License

In order to sell your CBD oil products, you need to register as a seller and supplier with a CBD oil eCommerce store.

The next step will also be to apply for a wholesaler resale license with US Hemp Wholesale.

Start Your Platform

Create a website where you can showcase and sell your products. Make sure you go all out and optimize your website so potential new customers can find you on the web.

Keep in mind you need to choose a platform that will allow you to sell your products.

Get a Merchant Processor

Since CBD is considered illegal, it will be a challenge for you to find a merchant processor.

Processing CBD transactions is considered high risk for most merchants, which is why they might be reluctant to work with you.

But if you do your homework, you’ll be able to find a merchant to process your transactions.

Work on Legal Policies

Make sure you also write legal disclaimers on your site. If you’re going to sell CBD distillate, make the statement it hasn’t been approved by the FDA.

You should do as much research as you can and even come up with your own terms and conditions surrounding your site.

How to Sell CBD Oil: The Bottom Line

Although selling CBD oil is quite tricky, once you figure out how the system works, it will be worth the investment.

Now that you know how to sell CBD oil, it’s time you give it a try.

If you enjoyed these tips and would like to learn more about business resources, check out our blog.