Buying wholesale CBD products gives you the opportunity to provide one of the hottest-selling items on the market today to your customers, while still being able to add a small markup to the purchase price to increase your profits and keep your business viable.
However, buying direct from the manufacturer often means you’ll need to buy bulk amounts of each of the different kinds of CBD products that are available and that you want as part of your store’s product mix. Without a warehouse to store the remaining inventory after you have stocked your shelves, you would probably need to rent space to house the leftovers, thus eliminating the gains you earned by buying direct.
A better way is to buy from a wholesale distributor. Wholesale distributors have the warehouse space already and can buy products in mass quantities to get the lowest pricing available from the manufacturers. They can then pass these savings on to you, so you can still get a great price on a product that allows for your markup without making the product pricing out of reach for your customers.
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When looking for a quality wholesale distributor of CBD products, look for a company that has a long history in the business and a great reputation in the industry. You’ll also want to review their product inventory, especially when it comes to CBD products, to make sure that you are providing your customers with the best quality and highest value. Some things you should look for in your CBD distributor’s products include:
- Organic: It takes a lot of hemps to make a little CBD oil. If the grower uses pesticides on the hemp while it is growing, some of that can find its way into the final product in concentrated levels.
- Non-GMO: GMO stands for “genetically modified organism,” which means the hemp used for the CBD oil has been genetically altered in the lab. For the purest product, stick with what Mother Nature provides.
- Extraction: Many CBD manufacturers use one of two methods of extraction when removing cannabidiol from hemp. CO2 extraction is the cleanest and most efficient method, although ethanol extraction still produces high-quality CBD oil. If the CBD product you’re buying uses a different extraction method, it could be adding harmful residues to the final product.
- THC: Tetrahydrocannabinol (THC) is the substance in marijuana that gets people “high.” The government does allow CBD products with THC in them, as long as the THC level is below 0.3%. However, many consumers prefer CBD products with no THC at all, so look for products that are THC-free to reach the largest possible market.
- Spectrum: Full-or broad-spectrum CBD products are those that use the entire hemp plant in the production of the oil. Many consumers prefer these products because there are other compounds in the hemp plant (beside THC) that provide what is known as an “entourage effect,” which helps with the absorption of CBD in the body.
- Reputation: When buying wholesale CBD from a distributor, make sure the manufacturer has a good reputation in the market. You want to ensure you’re providing your customers with the product they want.
When searching for a CBD distributor in Virginia, a CBD distributor in North Carolina, or a CBD distributor near South Carolina, your best option is to find a distributor that offers a next-day delivery service as part of their distribution plan. You’ll not only be able to order all of the products you need to restock everything in your product mix at once, but you also won’t need to keep an inventory of hot-selling items to keep your shelves well-stocked at all times.