Is CBD a profitable business?
In the last few years, there has been a surge in the sale and consumption of CBD in the UK, making it no-doubt one of the fastest growing and emerging markets in the world.
The growth suggests that by 2022, the CBD market will generate about £2 billion in revenue in the UK. As more and more people are discovering the benefits of CBD, the demand for CBD products is ever increasing, because it is used by millions of people on a daily basis. Selling CBD can be a very rewarding and profitable business, which is the main attraction for most entrepreneurs. Another reason many entrepreneurs are looking at entering the CBD market is because it is a relatively new and untapped market, meaning the opportunity can be limitless.
If you are thinking about it and still haven’t entered the market, there is no better time than today. But first, you need to understand what CBD is and what products can be sold. Click to learn more about what CBD is.
Who is this business right for?
This business is for anyone who has an interest in CBD and wants to help people deal with medical conditions. As an entrepreneur, you are bound to explore new opportunities, and if you are looking for a profitable and exciting business venture, the CBD market is the right place for you.
Who is the target audience?
People who don’t have much knowledge about CBD raise concerns because of its relationship with marijuana/Cannabis. CBD, which is short for cannabidiol, is a compound that is found in cannabis. What makes CBD different is that CBD products don’t contain any THC, a psychoactive compound, which is responsible for the “high” associated with marijuana.
CBD is totally non-psychoactive and is used by people to help them with several medical conditions. So, your target audience is people who want to relieve pain and are suffering from anxiety and depression.
What are the types of CBD products most sold?
CBD Oil & Tinctures
The product that appeals to customers the most is CBD Oil and Tinctures because they give the fastest effects. They are made by extracting CBD from the cannabis plant and diluting it with a carrier oil like hemp seed oil or coconut oil. Oil and tinctures are taken by placing a few drops under the tongue, and the dosage depends on the user.
Another popular method of consuming CBD is by mixing it in food like gummies, candies, cookies, and cakes. Edibles are becoming increasingly popular because they are the tastiest way to consume CBD.
CBD capsules are just like any other capsule that is taken orally by mouth. Capsules are the easiest way to consume CBD and therefore are the most common among new customers.
CBD for Pets
Not only is CBD popular among humans, but animals also love it too! Since animals are much more sensitive and are more prone to hurt themselves, it is a very great way to treat their pain. CBD has become an increasing popular treatment for pets, with many claiming it has improved their pets health and wellness.
If you are looking at starting your own CBD business or entering into the CBD market, then you couldn’t be at a better place. Here at Blazed Wholesale, we are the UK’s fastest growing CBD wholesale distributor. We sell a wide range of CBD products at wholesale prices, ready for you to purchase and resell.
If you would like to open a wholesale account, register today.
If you have any questions, please do not hesitate to contact our friendly team.