Updated: Aug 2, 2019
Hint: The answer is yes! CBD is not a hype! It's a business.
CBD oil is gaining a lot of popularity as more and more people realize the many medical benefits of using it. CBD oil can improve many ailments and help in the treatment of some of the most dangerous diseases in the world such as breast cancer, tumor and even cancer. Chronic pain conditions and rheumatoid arthritis are some of the many other conditions that can see improvements when CBD oil is used.
What Exactly Is CBD Oil?
CBD oil is short for Cannabidiol. Found in industrial hemp and cannabis plants, is a cannabinoid found along with more than 80 other cannabinoids in cannabis plants. CBD oil will not make a person feel high. It is also non-habit-forming in nature coming from sativa strain whereas most psychoactive components causing the “high” effects are obtained from indica strain.
High Risk = High Profit
So the answer is YES. If you can find a good CBD oil manufacture or supplier, you should consider starting a CBD retail or wholesale business.
Solution for Businesses Selling CBD Oil Online
Since the case of legalizing marijuana and the use of CBD oil keeps going back and forth, the businesses related to these products are considered high-risk businesses by major merchant providers and banks. Looking at the results of modern research on the medical effects of CBD oil, it can be predicted that this industry has a lucrative future. If you understand the scope of the industry and what the future holds for high risk CBD oil businesses, here is some important information to start the application process for a CBD oil merchant account.
You need to have a nice looking working and compliant website. Your company name, phone number, address, and email must be displayed. Your website needs to be SSL secure. You must display the terms of service and return policy. Clearly listed prices per item and a clear item description.
Create your Social Media Accounts and grow them by teaching about the value of CBD. Don't be pushy.
Share your product and your vision with everyone your know.
Take advantage of Instagram to grow your business.
Join Facebook groups that help you promote your CBD business.
But most importantly start TODAY!
The business is growing fast!
Green is the new Gold.
Don't miss out.