CBD Stores – Are You Ready for Profits?
We are living in the era of cryptocurrency and CBD stores. This means a virtually recession-proof asset and a store that cannot fail to rack up profits.
If you still need to open or at least consider opening a CBD store, it’s time to reconsider. In this article, we’ll share our knowledge on how you can start your own profitable CBD store in any state!
In recent years, cannabis has gone mainstream due to legalization movements sweeping the U.S. Another one of these movements can be attributed to the widespread acceptance of marijuana as medicine through numerous studies providing evidence for its efficacy in treating pain and seizures, among other things.
In addition, numerous stakeholders and entrepreneurs have also jumped into the cannabis industry to capitalize on all the various opportunities cannabis development offers. The result is an expanding industry that is producing products, technologies, and services from seed through the sale. There are more avenues available for start-ups than ever before.
One such avenue for those looking to get in on the ground floor of the burgeoning cannabis sector is CBD stores. For the uninitiated, CBD or cannabidiol is one of over 100 compounds found in marijuana called cannabinoids—all of which provide health benefits when consumed. Cannabis also contains over 400 other compounds that have yet to be studied for their potential health benefits or harms. CBD store Atlanta is the non-psychoactive compound of cannabis that provides medical benefits without the effects of euphoria. It is considered one of the most important aspects of cannabis because it has the potential to treat many diseases and illnesses.
What is a CBD Store?
CBD is one of over 100 cannabinoids that are compounds found in cannabis and hemp plants. The most well-known cannabinoid is undoubtedly tetrahydrocannabinol (THC), which causes the intoxication associated with cannabis consumption. CBD, on the other hand, does not produce an intoxicating effect; rather, it has the potential to provide therapeutic and health benefits, but research into its prospective clinical uses is ongoing.
CBD products follow a sequential process of steps. First, the raw material is harvested. For example, if you want to use industrial hemp to make CBD products, you will need to cultivate or purchase a large quantity of the plant. CBD oil is then extracted from the plant using various methods. Again, you can either do this yourself or hire an extraction company to do it for you. Once the CBD oil has been extracted, it can be managed to sell as a concentrate or used to instill a variety of products. Sublingual tinctures, infused edibles, and topicals such as gels or creams are among the most popular CBD products on the market today.
CBD stores, otherwise known as cannabidiol stores, are online dispensaries and brick-and-mortar shops that sell products that contain CBD, the non-psychoactive component of cannabis. CBD can be extracted and concentrated from both cannabis grown for recreational and medical purposes.
Many choose to start a CBD store because it is a cheaper investment than growers or cultivators. Different from these two business models, you, as an entrepreneur, do not have to invest much in equipment and facilities to produce your product.
All you need is enough money to pay your supplier and monthly rent for the CBD store’s location.
Difference between Hemp CBD and Cannabis CBD
CBD can be found in cannabis and hemp plants. CBD oil from either plant can be extracted and used to make CBD oil products. However, there is a significant difference between hemp CBD oil and cannabis-derived CBD products: THC.
In the U.S., it is legal to sell cannabis products, but it is illegal to grow, cultivate, or sell hemp. Although cannabis and hemp plants look very similar, they are not the same species; they are different cultivars of the same species – Cannabis sativa L.
As a result of this difference in species, cannabis plants contain higher levels of THC (the chemical that produces a high) than hemp plants do. THC has been linked to anti-inflammatory and anti-pain effects on the human body.
To produce CBD oil from either plant, the stalks and seeds are used.
How does the extraction process work?
CBD oil is extracted from cannabis and hemp plants by processing the stalks and seeds of each plant separately. To extract CBD oil, cannabis plants are first cured – this means that they are dried out and then heated to increase their THC levels. This first step is called decarboxylation. Once cured, cannabis plants are used as material to make CBD oil products.
The extraction process is important because it extracts only those cannabinoids present in the raw flower (plant material) in a pure form. It does not include other cannabinoids or plant by-products that may be found in marijuana flowers.
The future of CBD stores
As the cannabis industry continues to grow, the demand for CBD oils is increasing. While there are plenty of stores that sell CBD oils in select locations, a new trend has been emerging, with more than 50 stores throughout the U.S. being opened over the last year alone by major retailers such as CVS and Rite Aid. Due to its medicinal properties, it has become legal to use CBD as an over-the-counter drug or supplement, and many health industries are taking advantage of this booming market opportunity.
A recent report in Forbes stated that CBD sales are expected to grow by 250 percent in 2019 and will reach $16 billion by 2022.
In addition to these numbers, a consumer survey revealed that around 57% of consumers want CBD oil products to be easily accessible from retail stores.
According to BDS Analytics, the CBD market in the United States will reach $20 billion in sales by 2024. This would represent a significant increase from $1.9 billion in 2018 (a 49% annual growth rate). https://bdsa.com/
Communities are becoming more accepting and receptive to CBD. Many people use it for pain relief, stress management, better sleep, and other reasons, and it is now available at many gas stations, restaurants, and local CVS stores.
