- February 15, 2019
- Posted by: Ruchi Rathor
- Category: Best Merchant Accounts for CBD Oil, Cannabidiol & Hemp Payment Processing, Cannabis Banking & Payment Processing Solutions, cannabis industry merchant processing, Cannabis Merchant Accounts, Cbd, cbd & cannabis payment processing, CBD and Hemp Businesses, cbd cash online, CBD credit and debit card payments, cbd merchant account reviews, cbd merchant account shopify, CBD Merchant Accounts, cbd merchant accounts stripe, cbd merchant processor, cbd merchant processors, cbd oil merchant account services, cbd oil merchant account solutions, cbd oil merchant processing, cbd oil merchant services
Commonly called as CBD, cannabidiol is considered a non-psychoactive chemical in cannabis plants. Over the years, the CBD industry has developed and widened. Experts believe that the market will be worth a billion-dollar by 2020.
With constant growth, the cannabis industry entices many people to invest and become a CBD retailer. It’s no surprise because the marijuana market is developing at a fast rate every day. More CBD online shops open each day. The number of states that authorize its utilization has been growing as well.
In 2017, the legal marijuana business reached $9.7 billion in North America alone. This is 33% more expansion than 2016. It’s no wonder because CBD oil online provides a strong medicinal value.
For the past decades, we’ve seen a quick business development. From CBD oil online, the market comprises of tinctures, skin cream, and CBD infused pet solutions. We never know what other products to be introduced in this business soon.
Despite the growth and billions of records, CBD Merchant Account options are not entirely available and accessible. The culprit is the avoidance of payment processors and banks. This turns down potential businesses to boost their CBD online presence.
Of course, every aspiring entrepreneur wants to be successful in CBD oil retail. It’s not easy as everyone imagines. It requires a reliable and long-term CBD oil merchant account option.
With the number of unreliable CBD merchant account providers, you probably believe that there’s no real and effective solution. In reality, there are companies you can depend on. Spend time to research an expert that offers quicker funding and better rates without any reserves.
When it comes to starting a CBD business, there are many things to weigh in mind. Are you ready? Take a close look:
FACTORS TO CONSIDER BEFORE ENGAGING IN CBD OIL RETAIL
- Legality: The Most Important
As a future merchant, it’s good to understand CBD. What are some of its health and medical benefits? Typically, this ranges from reducing pain to treating epilepsy. How to get the most out of it? How to use it properly? Are there potential side effects? Or what are the latest issues surrounding its legality? These questions will make you a responsible retailer in the future.
CBD vs THC: Which is Better?
CBD and THC are both chemical compounds and each can be found in cannabis plants. But some are quite confused about these two components. Generally, they are not the same.
Cannabidiol is non-psychoactive. This means it does not affect the mind or mental processes. It has also been proven to have a high medicinal value. Common health benefits can include pain relief and epilepsy treatment.
THC, on the contrary, is a psychoactive compound, affecting the mind and mood. Known as Tetrahydrocannabinol, THC typically creates a mind-altering “high.” Cannabidiol is safe to incorporate into an individual’s regimen.
- Different Laws Across the Globe
There are different laws about cannabis around the world. As an international organization, the United has never mentioned cannabidiol as a controlled substance. Since 1971, CBD is relatively natural, safe, and effective. However, its association with marijuana has created worldwide confusion and debate.
Before, extracted CBD contained a small amount of THC and considered illegal. Recently, the FDA finally approved a cannabidiol drug in purified form to treat epilepsy. CBD oil with less than 0.3% of THC is permitted by the new farm bill to sell in the U.S.
HOW TO FIND A SEASONED CBD SUPPLIER?
Growing industrial hemp and processing CBD content extraction is complex. So, small businesses find a certified and reliable CBD oil wholesaler.
A trusted CBD seller has the unmatched commitment to providing high-quality products to customers. They make sure each CBD oil Texas vape and CBD oil St. Petersburg is organic and authentic. This helps in to start a CBD business easier than you’ve ever thought.
Today, finding an experienced cannabinoid seller is simple. For first-timers, it can be a headache. Worry no more! Follow these tips:
- Right Sourcing. Starting a CBD oil online business requires quality solutions. But it’s sad to know what factors are affecting the quality of CBD products.
The good news is that there are farmers following the industry’s highest standards and practices in Europe and the U.S. They also have years of experience, indicating top-notch products.
So, why would you invest your money in a startup? Direct your attention to the one that has the expertise and experience.
What’s the method of extraction? There’s a variety of cannabinoid wholesalers. The ways to extract CBD is no exception. There are different solutions when it comes to CBD content extraction.
Unfortunately, some methods involve harsh chemicals. These are hard to get rid of from the final product.
The highest standard is the CO2 extraction. Although it is more complicated than other procedures, it is clean and safe.
Do they provide a reliable certificate of analysis? COA is a report that certifies CBD and THC levels. This gives the customers peace of mind with the product of their choice. When selecting a CBD oil Texas vape seller, don’t forget to ask about the COA.
Don’t be tempted to buy cheap solutions. Cannabidiol is neither cheap nor expensive. It is available at a competitive rate that doesn’t cause a dent in your savings account. As an aspiring entrepreneur, be wary of sellers that offer cheap prices. Be willing to spend more for your safety and convenience.
HOW TO START WITH A CBD STORE ONLINE?
So now let’s find out how to make it online as a CBD retailer and sell consistently! Keep reading for more information.
- Register your Business: It is Convenient
Before starting your operation, register your business ahead of time. There are documents to prepare, and it does not take overnight. It requires time and effort.
Generally, registering a CBD oil online business is simple. Seek assistance from a friend or relatives to make the process simple.
- Get a Resale License: Avoid Problems
You perhaps have heard about a resale license. It’s good as most wholesalers require it during the transaction. Get one and avoid expensive delays.
- Setting Up Your CBD Online Store
After getting a resale license, what’s next? It’s about time to set up your e-commerce. There are many things to keep in mind, and it’s quite overwhelming to handle. Follow this guide for a smooth and convenient process.
- Website Creation: A Responsive and Mobile Friendly Site has an Edge
How can you sell CBD oil Texas vape, skin cream, and other products? As one of the most effective CBD marketing is website creation. Not only does it help widen your reach, but it also establishes your brand.
As a merchant, it’s imperative to choose a good platform to have a responsive site. Unfortunately, some tools prohibit the sale of cannabidiol. This makes the selection process difficult.
With extensive research and persistence, you can find a platform that allows selling CBD and other related solutions. You can take advantage of WordPress. It is the most common tool you can consider. However, it just needs extra e-commerce plug-in so look for another excellent alternative. Plus, ask your colleagues and friends for some referrals.
When selecting other platforms for a website set-up, choose the one that guarantees mobile-friendly sites. It should also have catchy themes, east navigation, and more.
- CBD Payment Processor
Designed to provide a smooth process, a payment processor allows an aspiring merchant to charge the customers whenever they make a purchase.
As with finding a website platform, a CBD merchant processing tool is hard to find. Despite the medicinal value, other people believe that CBD sellers are a high-risk merchant.
It’s always a wise idea to look for various CBD merchant processors from experienced companies. There are also other CBD oil merchant processing choices that offer a specialized solution.
- CBD Online Marketing
Marketing online sounds simple. But it’s easier said than done. Follow these tips to maximize great results:
Establish a Catchy Website Design to Attract Your Audience. Studies show that an attractive site plays a significant role in boosting sales, revenues, and ROI. While some make the process a DIY project, it’s wise to hire a developer. Not only an expert can help enhance your page, but they can also customize the site according to your target market’s expectations.P
rovide an Optimized Content to Increase Online Visibility. Online traffic? High client conversion? Then, provide optimized content. You can write about the trends and other latest happenings in the CBD industry.
Proper keywords should be incorporated. But use them properly. After all, unique and quality content is what matters the most.
Be Careful with the Language: Provide Reliable Information. As a CBD wholesaler, be wary in using the right language. Avoid medical claims unless it has an FDA certification. Plus, refrain from saying that CBD diagnoses or treats a disease.
CBD Marketing: Promote with Social Networking Sites. When marketing your CBD oil online, take advantage of social media and display ads. You can also consider other marketing strategies as long as they drive excellent results.
That’s it! Enjoy starting a CBD business today