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Best CBD Business Ideas & Opportunities for 2021

Anyone who’s looking for a new business idea for 2021 should start researching the CBD industry. Although there are plenty of Cannabis Industry Business Opportunities, the CBD industry may be an even more attractive option as it comes with fewer regulations than the cannabis industry due to the countrywide legality of hemp-based CBD products. Plus, […]

Best CBD Business Ideas & Opportunities for 2021

Anyone who’s looking for a new business idea for 2021 should start researching the CBD industry. Although there are plenty of Cannabis Industry Business Opportunities, the CBD industry may be an even more attractive option as it comes with fewer regulations than the cannabis industry due to the countrywide legality of hemp-based CBD products. Plus, there are tons of ways to get involved.

Much like with the legal marijuana market, consumer interest in CBD products is surging. A recent Grand View Research report estimates that the CBD market will be worth $9.69 Billion by 2025, and even during the ongoing pandemic, many people are still incredibly interested in CBD products as they provide a safe and effective way to consume cannabinoids without the side effects of marijuana.

While many entrepreneurs will consider selling CBD, there are also tons of other ways to get involved in this lucrative industry. For instance, instead of selling CBD products themselves, you could also consider selling accessories and other hemp-based products. You can also get involved by offering professional services to the growing number of CBD businesses out there.

So which idea is best for you? Here are some of the best CBD Business Ideas and Opportunities for 2021.

Start a Hemp Store

One of the best ways to get involved in the CBD industry in 2021 is to start a hemp store. That way, you can sell all kinds of federally legal CBD products that use natural hemp extracts. These are commonly sought out by those who want an alternative to cannabis, and there are plenty of types of products you could sell.

Some of the most popular examples of hemp-derived CBD products include CBD Oils/Tinctures, CBD Edibles, CBD Vape Products, and CBD Topicals. You can sell these along with a range of other CBD-infused products to interested consumers and it’s usually as simple as finding a CBD wholesaler to supply you with what you need.

It’s also worth noting that a hemp store can be used for much more than CBD. You can sell other kinds of hemp products such as Hemp Clothing and Hemp Jewelry. You can also sell Hemp Seed Oil and other kinds of hemp-infused Topicals. That way, you can appeal to a wide range of customers who are interested in hemp, cannabidiol, or both.

Start a Hemp Store

Online CBD Retailer

While physical stores can get a lot of business if they pick the right location, you might find it easier to start an online CBD business. Many people now search for the products they need online and more people than ever are using their phones, tablets, and computers to buy products instead of going to the store.

Much like running a physical CBD store, you can sell CBD online by getting the products you need from a wholesaler and marketing them via a professional e-commerce website. You can sell everything from CBD Oils and Tinctures to CBD Patches, and all you’ll need to do is deliver the products to your customers.

Starting an online CBD business is also ideal for many entrepreneurs as you won’t have to invest a lot in a commercial property and shop displays. Instead, you can spend the funds on your stock, building your e-commerce website, and handling the logistics of storage and delivery.

CBD Accessories and Apparel

Starting a CBD business doesn’t necessarily mean that you have to sell CBD-infused products. Many people who are interested in the growing buzz around hemp and CBD will also be interested in other related products. As such, you might want to take a different approach and sell CBD-inspired accessories and apparel.

Many people who use CBD (or cannabis) products will also want to buy certain kinds of accessories. For example, you can supply them with branded Grinders and Lighters for CBD Flower. Vape Batteries and Lanyards can come in handy for those who want to vape CBD. You can also sell products such as Hemp Shirts.

If you can build a popular CBD brand, many people will want to buy all kinds of branded accessories and clothing from you. You can do this by promoting your brand online and gaining many loyal customers. Plus, running a CBD merchandise and accessories brand doesn’t require a ton of investment and you can do it either online or with a physical storefront.

CBD Influencer

Being part of the CBD industry isn’t always about selling products. CBD influencers have become an important part of the industry for their role in promoting products to a wide range of people. If you know how to attract a crowd, make people listen, and get views across multiple social media platforms, then this could even become a business opportunity for you.

CBD influencers come in various forms. For instance, some review their favorite CBD Tinctures and Vape Oils on YouTube. Some promote top CBD brands on Instagram. Some post CBD related content on Facebook and Twitter. Some do all of these things and more. As long as you can build a strong enough following, you can make money.

Many influencers make money from brands who approach them with paid offers to promote their products. If you’re successful enough, you can even make a living from being an online CBD Influencer- although it can take a lot of time to market yourself and build your following. Some influencers even make money by selling their own branded products to loyal followers.

CBD Marketing

CBD Marketing

Since the CBD industry is so big right now, new retailers are cropping up all the time. It’s now easy to find hemp and CBD stores all over the country and it’s even easier to find a wide selection of CBD sellers online. With all the competition in the industry, CBD marketing is more important than ever.

CBD marketers help CBD brands build their business and attract customers. This involves using all kinds of methods from boosting their search engine optimization to helping them attract a strong social media following. CBD marketers are also important as they can help CBD brands avoid any CBD marketing restrictions.

Whether you’re an experienced digital marketer or a social media expert, you might want to adapt your skills to CBD marketing. You can appeal to CBD and hemp businesses by offering carefully tailored services to suit their needs. With so many competing CBD brands out there today, this can be a highly lucrative opportunity.

CBD Business Accounting

Another one of the most crucial services that businesses need is accounting. Many small businesses fail by trying to handle accounting themselves as there are many important rules and restrictions you must know about. As such, those who know their way around taxes might want to offer their services to CBD businesses.

Although Hemp and CBD Accounting is easier than accounting for Marijuana Businesses, there are still pitfalls that businesses must avoid. As such, many will seek out accounting services that are specifically tailored to the CBD industry. You can make your firm stand out by offering these services to CBD businesses.

There are also plenty of ways to expand on this idea. For instance, you can attract more clients by offering accounting and bookkeeping for both CBD and cannabis businesses. You can also offer financial consulting. Whichever way, this can be a highly successful business that doesn’t take much investment to start.

CBD Packaging and Labeling

When it comes to producing and selling CBD products, it isn’t just about the products themselves. Items such as Tinctures, Edibles, Vape Cartridges, and Topicals also need appropriate packaging and labeling. As such, you might want to get involved in the industry by starting a CBD Packaging and Labeling business.

You can make all kinds of important products for CBD producers and retailers. For instance, they’ll need branded bottles for Tinctures, safe containers for Edibles, Cartridges for Vape Oils, appropriate packaging for Topicals, and much more. Things like delivery boxes and shopping bags are also important.

Packaging companies often also provide labeling, which is particularly important in the CBD industry. Not only do labels for CBD products need to be clear and compliant, but many brands will also want labels that stand out and look good. You can attract many professional customers if you can offer all of these things.

CBD Business Lawyer

CBD Business Lawyer

Another one of the best CBD business opportunities for 2021 is to become a CBD business lawyer. Naturally, this requires a lot of legal expertise and the appropriate qualifications. However, if you’re already an experienced business lawyer, you can stand out by offering services to CBD businesses.

The closely-related CBD and cannabis industries often come with many legal restrictions. As such, businesses in these industries must be extra careful to avoid certain pitfalls. What’s more, these businesses have to deal with many of the same legal issues as any other business, making it important to find a business lawyer to suit their needs.

If you can apply your legal expertise to the CBD industry, you can appeal to a lot of these businesses and get paid handsomely to help them with all kinds of legal issues. You can even offer ongoing legal consulting to businesses in the CBD industry. If you can become one of the most sought-after lawyers in the CBD industry, you can stand out much more than a generic business lawyer.

Make a CBD App

There are now Android, iOS, and web-based apps for practically any hobby or interest you could imagine. For instance, cyclists will seek out the best apps to help them with their training whereas travel-lovers will likely have all kinds of travel apps on their phones. As such, you might want to get creative by making an app for CBD enthusiasts.

While there are already many existing CBD apps out there, that doesn’t mean you can’t make something that’ll excite CBD users. Whether you focus on helping CBD users get the best dose, helping consumers find the best CBD products for their needs, or even doing something unique like a CBD fitness app, this is an excellent opportunity to get involved in the industry.

You don’t necessarily need to know how to code an app. Developing an app usually involves finding an experienced programmer to bring your ideas to fruition. It can also involve a lot of marketing and promotion to attract users. However, if you can develop a successful app, you can make money with advertisements or even sell the rights to your app.

Make CBD Skin Care Products

Make CBD Skin Care Products

The range of CBD products available nowadays is staggering. Some users prefer the convenience of using CBD Tinctures whereas others enjoy the experience of vaping CBD Oils or Cartridges. However, one of the most interesting and diverse categories of CBD products is CBD Topicals.

CBD Topicals are CBD-infused products that can be applied to the skin, such as Creams, Balms, Lotions, and even Bath Bombs. These are fairly easy to make and they can also be infused with plenty of other helpful ingredients such as vitamins and essential oils. As such, if you’re looking for a cool CBD business idea, you might want to make CBD Skin Care Products.

Selling CBD Skin Care Products is an excellent idea as they don’t just appeal to CBD enthusiasts- they also appeal to anyone interested in self-care and adding something new to their routine. You can sell all kinds of CBD-infused Topicals and even build a positive brand based on looking after your skin.

Conclusion

If you want to get involved in one of the most exciting and rapidly-growing industries right now, then these are some of the best CBD Business Ideas and Opportunities for 2021. Although you’ll still need to put a lot of time and effort into building a business plan and getting your business started, many of these ideas are fairly easy to get off the ground and you can make a lot of money if you do it well.

Keep in mind that, no matter what kind of CBD business you start, marketing is one of the most important things. You’ll need to promote your CBD brand across various digital platforms and you should also use physical marketing methods such as using custom branded products. For high-quality branded products and more advice on the CBD and cannabis industries, visit CannabisPromotions.