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A Closer Look at Print on Demand CBD Industry’s Online Sales

A Closer Look at Print on Demand CBD Industry's Online Sales

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?

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

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
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
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
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.
Payment Processor

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.
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.

FINAL THOUGHTS

 CBD trend

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.

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The Ultimate Guide to Print on Demand & CBD Industry Fusion

The Ultimate Guide to Print on Demand & CBD Industry Fusion

Many people are turning to CBD for various reasons these days, and the industry is booming. Cannabidiol (CBD), a chemical found in hemp and cannabis plants, is gaining popularity due to its numerous health advantages. Print on demand cannabidiol (CBD) products are gaining popularity. Substantial studies into CBD products are undertaken in recent years, resulting in a remarkable surge in CBD product popularity. As researchers learn more about the potential advantages of CBD, more companies are incorporating it into their products.

CANNABIDOL (CBD) INDUSTRY STATISTICS

Statistics

Because of its medicinal properties, demand for CBD for health purposes is high, a significant factor driving market expansion. According to Research, the global cannabidiol market was estimated at USD 2.8 billion in 2020, and is predicted to increase at a compound annual growth rate (CAGR) of 21.2 percent from 2021 to 2028. CBD products have overgrown that BDS Analytics predicts the US CBD market will top $20 billion in sales by 2024.

REASONS BEHIND THE PRINT ON DEMAND CBD’S GROWTH

1. Increased Sales Volume
Sales Volume

CBD has continued to grow in popularity over the past few years and will most likely continue in the future. It means more money is circulating in the industry, which will only perpetuate the demand-supply cycle and continue growing. CBD industry also make a splash on stock exchange as new companies emerge and realizes the potential CBD products hold. 

2. Vendors of print on demand CBD have expanded.
Vendors

The number of sellers has risen in tandem with the popularity of CBD. There are now more suppliers of high-quality print on demand CBD products than ever before, giving customers a more comprehensive range of options when it comes to purchasing the products they want. You may purchase them both online and in-person, and you will have no trouble locating what you need. Of course, buyers must always buy from a reputable vendor to ensure that the products they receive are safe and effective.

3. Rise of Higher Quality and Safer Products
 Higher Quality

Manufacturers will devote additional resources to cultivating and harvesting the plants due to the anticipated high demand. It isn’t always the case when a lot of money is invested in a product. Evidence has shown that the CBD business is immune to the practice of items deteriorating when the producer smells dollar bills on the horizon. Because there are so many distinct brands out there, cutting corners on manufacturing does not pay off. Because there are so many new products on the market, regulation, and control of what is marketed will increase, resulting in better and safer products.

4. Amendments to State Laws
 State Laws

In recent years, laws governing the purchase and use of CBD products have altered, giving the industry a considerable boost. Thanks to the 2018 Farm Bill, the production, possession, and sale of CBD products are now legal in the United States. The Farm Bill distinguished hemp from cannabis, meaning that CBD products are not categorized as narcotics unless they include more than 0.03 percent THC, allowing them to be legally eaten and distributed. As a result, CBD is now available to a far more significant number of individuals, increasing the number of people purchasing CBD products. The industry’s production, sales, and use of other print-on-demand products will all rise due to this.

5. Wider Variety of Print on Demand CBD Products 
CBD Products 

The sector has also benefited from increased product variety, with vendors today offering more options than ever before. Full-spectrum CBD oil, CBD drops, and other CBD products are available. It makes it much easier to locate a specific product. You can easily find thousands of goods on the internet due to the constant hype surrounding CBD. You can find hundreds of companies promising to transport CBD products directly to your front door by conducting a simple Google search. CBD products are available not only on company websites but also on well-known e-commerce marketplaces such as Amazon.

6. CBD is becoming more well-known.
well-known

People are becoming more aware of and comfortable with cannabis-related products, which has boosted the CBD industry in recent years. Cannabis-related products are gradually losing the stigma they have carried for decades as the public grows more aware of new research and media coverage. People are turning to this natural medicine for its general therapeutic benefits, particularly in mental health, pain reduction, and sleep improvement, all of which have no severe side effects.

THE PRINT ON DEMAND CBD INDUSTRY’S OBSTACLES

CBD business.

The potential of the CBD sector has inspired many people to look at how they can establish a CBD business. The industry is not without its obstacles, especially given the ever-changing legal complications, but enormous potential. Starting a CBD business necessitates not just the same amount of hard work and effort as starting any other business but also the unpredictability of a changing regulatory landscape.

However, when it comes to establishing a CBD business, you must be familiar with the rules and regulations of your home state as well as the locations of your consumers. t’s also crucial to stay on top of new developments as the FDA issues new rules, understand your legal obligations and play it safe in a highly scrutinized market like cannabis. 

FULFILLPLEX AS YOUR CBD PRINT ON DEMAND PROVIDER

Fulfillplex as your CBD Print on Demand Provider

CBD businesses, like any other business, require a smooth e-commerce order fulfillment procedure. As the CBD industry grows, it’s more important than ever to work with a professional CBD fulfillment partner who can handle your order logistics.

Fulfillplex is a top eCommerce fulfillment company specializing in print on demand and white label services for nutraceutical products. Together with our experienced team, our modern technology allows us to provide outstanding service to our clients. We’ll collaborate with your company to ensure that all orders are delivered on time and in good condition. For further information, contact us.