In the current climate of uncertainty, it's wise to look into other sources of income to stay afloat. While it may be nerve-wracking to start something new during such a time, the payouts are well worth it. Especially when a market is ripe for the taking, such as the CBD oil market in the UK. The question is, how do you become a CBD oil distributor? And is it worth it?
Gone are the days when CBD oil was believed to be an illegal substance used to get high. Thanks to scientific research and readily available information, people from all walks of life turn to CBD oil now to help improve their overall well-being. And with the need for CBD oil increasing comes the opportunity to make a lot of money as a distributor.
How to become a CBD oil distributor?
Before doing anything else, make sure you have done your research. You need to know everything you possibly can regarding CBD industry laws so that you don't accidentally end up doing anything illegal.
Secondly, make sure the CBD oil you're selling is 100% safe and lab-tested. You must know precisely what it contains to ensure the health and safety of your customers.
Lastly, research the market. Get familiar with advertising guidelines and best practices. Keep your finger on the pulse of what potential customers want and make sure you can deliver.
It may seem like becoming a CBD oil distributor requires a lot of hard work and cutting through a load of red tape, but it is so worth it. In just a few steps, you can be on your way to becoming a successful CBD oil distributor.
Choose a name
While it may seem trivial, choosing a name for your business is very important. Not only is this the identity of your business, but it is also what may attract clients to you. You must choose one that grabs potential customers' attention and spells out precisely what your business is all about. Once you have the name, you can then register your business and open a bank account.
Create a business plan
A clear business plan is an absolute necessity for any business in the CBD industry, especially if you need funding. Your business plan needs to outline your goals, any potential challenges, and solutions to those challenges.
Decide on wholesale or white label CBD oil
The next step is to decide whether you will buy wholesale or white label CBD oil. Each has its benefits, and it is up to you to choose which one will suit you best.
Wholesale CBD oil
Buying wholesale allows you to sell the products of an established brand that already has loyal customers. This means you don't need to spend money on branding or waste time building a name for your CBD oil.
When buying wholesale CBD oil from a reliable company, you can skip the effort of applying for certifications such as the Novel Foods certification, as you can use the existing ones the brand has.
White label CBD oil
Although buying wholesale CBD oil sounds like the best option, there is also white label to consider.
While buying wholesale saves you time from creating your own labels or branding, white label allows you to do exactly that and create your unique brand, labels and design. Better yet, you don't have to go to the effort of making your product. Simply slap one of your unique labels on an existing one, and you're good to go.
No matter which one you choose, you'll need a transparent and trustworthy CBD oil supplier, and that's where we come in. Here at The Extract, we have put our years of experience in the CBD market to good use through our wholesale and white label programs. Both of these programs were created to give you all the information you need to find the rightfully accredited wholesale or white label supplier for your business.
Our research has allowed us to create a list of the best CBD oil wholesale and white label suppliers available to you. When you join one of our programs, we help you find the right one.
Fill in the contact form for more information on our wholesale or white label programs. Our sales team will get back to you as soon as possible to answer any questions you may have.
What are the benefits of being a CBD oil distributor?
There are many benefits to becoming a CBD oil distributor, first and foremost the money you stand to make. CBD oil is a product that has almost no bounds, with everyone from the elderly to people's pets taking CBD. Depending on your brand, there isn't a set group that you are marketing to, which means there are many more people you can sell to.
According to Consultancy.uk, the legal cannabis market could potentially pass the £2 billion mark by 2024. That is a massive market you can tap into.
Secondly, you could actually be helping people. The demand for CBD oil is high, and there is scientific research and anecdotal evidence that suggests CBD oil potentially has a number of health and wellness benefits. However, much more research needs to be done.
With the health and wellness craze that is taking the world by storm gaining momentum, an increasing number of people are turning to products such as CBD oil for its overall health benefits and its better reputation than synthetic pharmaceutical medicines.
So not only do you stand to make money, but you can also help people in need of CBD oil by acting as the middleman between the producer and consumer.
Important things to take note of before becoming a distributor
Before becoming a CBD oil distributor, you need to make sure you know exactly what you are getting yourself into.
Remember to stay on the right side of the law
If you become a CBD oil distributor, one of the most vital things you need to keep in mind at all times is that you stick to legal practices.
Currently, the most important laws are:
- Legal limits: CBD oil can only contain 1 mg tetrahydrocannabinol (THC) and cannabinol (CBN) per finished product. It should come from hemp with no more than 0.2% THC to be legal in the UK as it is a controlled substance
- Novel Foods Catalogue: A Novel Foods certification is now needed for CBD products in the UK after it was added as a novel food in 2019.
The laws surrounding the CBD industry are pretty complex and change regularly. However, it is simple enough to follow them. Just make sure you stay up to date with any changing rules and regulations and that you toe the line with existing laws.
Strict laws are in place to protect consumers from low-quality supplements. And there is no getting around these laws, especially regarding the extraction and processing of CBD, where the strictest rules are applied.
Get your CBD oil from trustworthy sources
Ensure you are getting your CBD oil from a reputable source that not only follows the law but that provides top-quality CBD products. One way to do this is to find out whether they use organically grown industrial hemp, which is the only type of hemp you can get quality CBD from.
Furthermore, make sure the CBD oil is made in an ISO-certified laboratory and have lab reports that verify the ingredients in the CBD oil. This ensures the THC content is within legal limits and that the oil is free from toxic chemicals.
Avoid manufacturing companies that don't have the above certifications or reports. This lack of transparency could mean they aren't following all the rules or providing the quality CBD oil they are claiming.
Follow advertising guidelines
Advertising restrictions also need to be kept in mind when distributing CBD oil. Although it is legal to sell in the UK, you must closely follow advertising guidelines and make no medical claims that can't be backed by scientific research.
Becoming a CBD oil distributor may seem daunting. However, if you do your research and follow the above steps, it is entirely possible.
We are more than happy to help you on your road to becoming a CBD oil distributor in the UK. Our wholesale and white label programs were designed to help make this path easier for you. Fill in this contact form if you want us to help you find the most reputable CBD suppliers for you.