Did you know that the CBD industry is estimated to grow to 27.3 billion dollars by 2023? That is in just a single year!
CBD is widely regarded as a wonder drug, purportedly being used to help people deal with pain and anxiety or get better sleep. This supplement is unique because it does not contain THC (tetrahydrocannabinol), giving people the relief they need without the high.
There is so much buzz about CBD today that the industry is booming, and with that comes some unique CBD business opportunities.
If you are wondering how you can start a profitable business in the world of CBD, this short guide is for you.
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Become a CBD Oil Retailer
One of the easiest ways to get into the cannabis industry is to become a CBD oil retailer. You can make your own oil or partner with a company and sell the oil they produce. Either way, it’s a great introduction to the industry and one that you can expand on quickly.
Offer CBD Content Creation Services
Another excellent way to get into the CBD industry is to offer content creation services. If someone has a blog, podcast, store, or pretty much any other business, you can help them create the content that draws customers to their website. Of course, you need to be good at research and writing to pull off this gig.
Become a CBD Affiliate
One of the best ways to start a CBD business is to become an affiliate provider. Whether you have a blog or are a social media influencer, you can promote products from brands you partner with and invite your followers to buy them. Aim to partner with dispensaries that sell high-quality products to build your reputation.
Offer CBD Brand Design Services
You can offer CBD brand design services as a freelancer or build your own agency. You will be busy:
- Creating logos
- Helping companies choose their color palettes
- Pick the right fonts
- Crafting everything from business cards to packaging
- Designing websites
Branding design is a fascinating field, and you will help brand new CBD companies develop the right way from the beginning.
This Roll Pros demo hints at other creative branding opportunities, too. For example, you could craft unique branded rolling papers!
Start a CBD Online Magazine
If you are interested in diving deep into the CBD industry, why start a print or online business magazine?
If you monetize your magazine through advertising, you can make a lot of money and learn about the industry. However, a magazine is an enormous commitment, so make sure that your interest in CBD is for the long-term.
CBD Business Opportunities: A Thriving Industry
The CBD trend seems here to stay, and there are CBD business opportunities for almost any keen entrepreneur. Get in at the products and services level or start at the source and become a grower or manufacturer. If you want a piece of the pot pie, you are only limited by your creativity.
Are you looking for more advice on cannabis-related topics? Then, don’t forget to browse the other articles on our site.