The CBD industry is one of the fastest growing industries in the US and the possibilities it offers are endless. While there are countless products on the market however, the luxury CBD market is still largely unexploited and could offer many opportunities for smart entrepreneurs with a vision. More people are also getting familiar with the product and a lot of stigma attached to it is being dispelled, which makes the product even more attractive to luxury buyers. Let?s take a closer look at CBD as a product and ways that you can capitalize on it.
What CBD Exactly"
CBD is a compound that can be found in the cannabis plant, but it has little in common with its cousin marijuana. What differentiates the two is CBD?s lack of THC, the compound that gives marijuana its psychoactive properties. It hence has completely different uses, and reaches a different crowd as well. Is it Legal"
It?s important to know that while the 2018 US Farm Bill made CBD products legal, there are some restrictions. For one, the CBD has to be extracted from industrial hemp only and cannot contain more than 0.3% THC. This is why it’s important that you purchase any extracts from certified suppliers. Going with a producer that actually grows their own hemp is even better.
What Kind of Products can Be Made from CBD"
There are tons of different products that can be made from CBD. One of the most common is CBD oil, but if you want to appeal to a luxury crowd, you could add it to luxury i...