Due to recent legal changes in the cannabis industry, more products containing cannabidiol (CBD) have appeared almost overnight. CBD appears in a variety of products, including beverages, supplements, pet treats, and skincare. With so much room for expansion in this industry, it’s no surprise that more people are interested in learning how to sell CBD online. While print on demand CBD products can be a profitable investment, it is critical to conduct preliminary research. Cannabis laws differ from state to state and change frequently. Furthermore, many unique factors go into selling print on demand CBD that you must be aware of to stay competitive in the market.
WHAT IS CBD?
Like THC (tetrahydrocannabinol), CBD is an active component of cannabis and is a small, practical part of the many components, all known as cannabinoids that make up the entire plant. CBD does not have psychoactive properties like THC. CBD is being studied for its potential to reduce psychoactivity, so it is being studied to help with anxiety, chronic pain, insomnia, and other conditions. It is also why it is legal in some states, even by large retailers like Walmart.
PRINT ON DEMAND CBD MARKET GROWTH
According to Technavio’s latest research report, the cannabidiol (CBD) market is expected to grow by USD 29.91 billion from 2020 to 2025, at a CAGR of nearly 27 percent. CBD’s popularity appears to be rapidly increasing. According to a 2020 survey, at least one-third of those polled use or have used cannabidiol products. CBD consumption is, predictably, higher among 18- to 29-year-olds. As people become more aware of the importance of living a healthy lifestyle, the CBD trend will only grow.
HOW TO SELL PRINT ON DEMAND CBD ONLINE
Step 1: Get a Business License
Keeping your business goals in mind, you’ll need to apply for a business license that fits your needs. Having one allows you to operate on both the local and federal levels legally. Following that, you’ll want to register your business and get to work on setting everything up, like hiring staff or finding investors.
Step 2: Find a Reliable Print on Demand Provider
You’ll want to find a reputable supplier who can provide you with high-quality print on demand CBD products. If you use a supplier, you may also need to obtain a resale license. Depending on the company you choose, they will be able to walk you through the necessary documentation, including licenses.
Step 3: Create a Website
It is difficult to determine where you can sell your products. Third-party CBD sellers, for example, are not permitted on Amazon or Etsy. Some people get around this by labeling it as a “hemp” product instead. On the other hand, setting up your website is worth the investment because it can give your brand authority. Building a website and self-hosting is more expensive and requires specialized development skills, so if you want to get started quickly, consider using a SaaS platform like Shopify. It allows you to tailor the site to your brand while making setup much easier and faster. It allows you to devote more time to product and sales development.
Step 4: Pick a Payment Processor that Accepts CBD Orders.
Because CBD regulation varies so widely, you’ll need to do your research and find a payment processor who will accept your sales. PayPal, for example, expressly states in their terms of service that they do not permit CBD sales through their platform. Payment processors that allow CBD sales may also have requirements, such as containing less than a certain percentage of THC (usually less than 0.02 percent).
Step 5: Ensure that your orders are visually appealing.
Last but not least, you must decide how you will process and package your orders. It would help if you made an excellent first impression on your new customers as soon as they receive their order. If design and packaging aren’t your strong suit, consider collaborating with a print on demand expert to find the best solution for your new product line. That way, you can be confident that it will look good at every stage, from delivery to unboxing.
Cannabidiol-containing products are widely available, as evidenced by CBD industry trends and statistics. They are used by people of all ages, races, and genders. The CBD market is growing and generating a lot of money. From food and beverages to cosmetics and medicine, we see constant innovation in this field. As people become more aware of the importance of living a healthy lifestyle, the CBD trend will only grow.
Need assistance in launching a new CBD product line or meeting an increasing volume of orders? Fulfillplex, a top eCommerce fulfillment company, has a team with experience in design, CBD fulfillment, print on demand fulfillment, and other areas. Contact us for a consultation to learn how we can help with your business logistics.