CBD is a popular natural substance that is reportedly used to aid in a variety of health conditions. It is used in tinctures, edible foods like gummies and oils and body products such as balms and lotions. Depending on where you live and your business model, you may need to obtain a regular business license as well as a reseller license (a certificate that allows you to buy from wholesalers and then collect sales tax from customers).
You will also want to make sure that you have a good relationship with a reliable wholesaler that can provide a Certificate of Analysis (COA) for each batch of CBD you purchase. These documents should show the amount of THC in each product as well as any contaminants and other information that could affect the quality of your final product.
Many CBD businesses rely on celebrities and other public figures to advocate for their brand. While this can be a great way to drive awareness and increase sales, it’s important that the people you choose to work with share your values and can speak about CBD in a way that aligns with federal regulations on medical and health claims.
You will also need to understand the cost of operating your storefront and how much capital you will need to get started. It’s important to factor in the costs that will be incurred upfront as well as any ongoing costs and then make sure your estimated sales numbers match your budget. cbd online