CBD Business Beginner’s Guide: How to Start a Cannabidiol Company

Cannabidiol is one of the trendiest nutritional supplement ingredients available today. Have you considered starting your own cannabidiol business? Your path to CBD riches might be easier than you think. Today, we’re explaining the basics behind starting your own CBD business.

Why Should You Start a CBD Business?

CBD is booming – and it’s not expected to slow down. The CBD industry is projected to hit $20 billion in sales by 2024.

Since January 2019, hemp and CBD have been federally legal. The 2018 Farm Bill legalized the production of hemp and CBD in all 50 states.

Despite its legality and popularity, CBD businesses still face significant challenges with advertising, banking, and insurance.

Of course, where some entrepreneurs see challenges, others see opportunities. That’s why there may be no better time than now to launch a CBD business.

What is CBD?

Cannabis is filled with different chemical compounds called cannabinoids. You’ve probably heard of the most famous cannabinoid in cannabis: tetrahydrocannabinol (THC). In recent years, however, cannabidiol (CBD) has become equally as well-known.

THC gives marijuana its psychoactive properties. It’s the chemical compound in marijuana that gets you high.

CBD, on the other hand, does not have an intoxicating effect. Instead, a growing number of scientific studies have linked CBD to various health benefits. Today, some people claim CBD is a cure-all for virtually anything. Although more research needs to be done, CBD has a proven ability to reduce certain types of seizures, among other benefits.

How Do CBD Products Work?

We know there’s a powerful chemical compound called CBD. But how do you access this compound? How do you ingest it? How do CBD products work?

CBD products are generally created in several steps.

Step 1) Cultivating and harvesting the raw material. Typically, CBD is sourced from hemp – not marijuana (it’s present in both plans, but certain hemp plants are now

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