According to a report done by Grand View Research, in 2019, the global CBD market was worth $20.3 billion, and it’s projected to grow even more significant with its compound annual rate of more than 25% in 2027.
It’s an exciting period for the CBD industry and Cannabis as a whole. They’re still a lot more in this industry that’s yet to be explored.
For instance, not many people have heard of Delta-8-Tetrahydrocannabinol. It’s a cannabinoid from hemp, just like CBD, and a cousin to Delta-9-Tetrahydrocannabinol— popularly known as THC.
Manufacturers and producers of CBD are now encompassing Delta-8-Tetrahydrocannabinol into the final product to give users what’s known as an “entourage effect.”
With so many consumers of CBD and Delta 8 products for both health and recreation, there is certainly a niche to be carved out for anyone willing to sell these two cannabinoid products.
If you’re thinking of starting a new CBD business and thinking of where you can get CBD and Delta 8 THC in bulk, this bit of information below is for you. Here’s how to pick the best wholesaler for your Delta 8 and CBD products.
Offers Full-Spectrum CBD Products
CBD products come in three forms: isolates, broad-spectrum and full-spectrum. CBD isolate products contain only CBD. Broad-spectrum CBD includes a wide array of naturally occurring compounds found in the cannabis plant but no tetrahydrocannabinol (THC).
Full-spectrum CBD includes not only CBD but a host of other beneficial compounds such as terpenes, Delta -8, vitamins, fatty acids, and other cannabinoids as well, which contribute to a wholesome experience and benefit.
Many CBD-savvy consumers only go for full-spectrum CBD because they know the health benefits that come with it. Make sure the distributor you go with only offers full-spectrum products such as CBD vape pen, oils, and capsules.
Ensure They Conduct Third-Party Quality Testing
With the growth of the CBD industry being so exponential and rapid, it’s no surprise that the CBD marketplace has been flooded with low-quality products from manufacturers longing to make a quick buck.
From a recent study conducted by several researchers from the University of Pennsylvania in collaboration with several other research institutes, it was found that 69% of the CBD products in the market contained CBD levels that were either lower or higher than the amount initially advertised on the label.
With so many subpar CBD and Delta 8 products on the market, finding a wholesaler that does third-party testing on their products will help build consumer confidence and be a sign of quality. Any legit wholesaler will be eager to prove that their products are what they’re advertised to be.
Hemp Quality and Manufacturing Process
We all want to use and consume natural products that have no GMO in them, right? This is also the case with CBD and legal delta 8 products in your vicinity you go for.
Ensure the wholesaler stipulates the hemp quality by offering information on the farming practices used and how the hemp was harvested and ultimately manufactured to produce the final products. Good quality hemp means that absolutely no chemicals were used to treat the hemp plants.
This is a crucial step because, as a plant, hemp is very absorbent. It can absorb any harmful substances and chemicals used during the farming process. If the manufacturers don’t heed the first point, your customers will consume them in the final CBD and Delta 8 products.
Also, check for a Good Manufacturing Processor certification as it denotes production quality.
Have a Reputation for Great Customer Service
It’s easy to overlook this factor when looking for a wholesaler. Checking the quality, manufacturing process, and ingredients will come first on the list, but the true differentiator that is often forgotten is customer service.
The world of CBD is filled with memberships, websites, product prices, shipping, and return policies, and an overwhelming variety to choose from, but the specific company plays a more significant role in delivering a great experience and building long-standing relationships with clients.
Thus, you have to put significant emphasis on the experience you get from the wholesaler. Were they friendly? Did they offer you a shipping and return policy? Were there any discounts on the table? Ensure you do your due diligence when it comes to customer service.
Domestic Hemp Sourcing
There’s no doubt that countries have made headway in hemp and CBD production, but it’s always a good idea to go with a domestic manufacturer. Most buyers often look for CBD and Delta 8 products produced in the United States or Canada, which may be your stronghold over your competition.
But suppose you decide to go a different route. In that case, it’s essential to know that the farming and refining process is more developed and better regulated in some countries than in others, so you’ll need to do your research on that front if you intend to source a wholesaler overseas.
Going with the right wholesaler will make a huge difference and dictate the level of success you reach if you want to get into the rapidly growing CBD consumer market. You must understand that not all manufacturers are created equal, so you must do your homework first. Know what matters to your firsts and ask the right questions. You got this!