If you are looking into starting your own cannabidiol (CBD) company, Hemp Labs of America has a wealth of resources regarding CBD legalization and manufacturing. When it comes to manufacturing, their specialties are balms, capsules, gels, and tinctures. As you venture into a business like this, it is important to take the following information into account.
Keep It Legal
With industrial hemp, you need to know the laws pertaining to the business you conduct. In regards to advertising, one cannot simply say that their CBD product can treat any disease. It must first get FDA approval. You also need to keep certain measurements in mind. CBD products can only be sold if the hemp source has no more than 0.3 percent tetrahydrocannabinol (THC). This includes all of the acids, salts, isomers, and salts of isomers within THC.
If you are still unsure about whether or not you are conducting business in the most legal way possible, speak to your legal counsel.
Thanks to the 2018 Farm Bill making hemp and hemp CBD legal, the CBD industry has been growing. With CBD’s popularity and use in dietary supplements, BDS Analytics expects that the industry will reach $20 billion in sales by the year 2024. CBD continues to be in high demand for a good while, making it a business ripe enough for profit. This makes it an attractive industry, but those who put it into practice need to know what they are getting into first.
When it comes to creating CBD products, you need a large amount of the plant. You can either cultivate and harvest it yourself or buy large quantities. It is really a question of convenience and budget. Maybe you are skilled enough to grow it, or maybe it would suit you better to have another experienced party do it. The oil would then need to be extracted, either by you or by an extraction company. The oil can be sold on its own as part of your products. But, of course, you would need to know whether you are doing this correctly and whether what you are doing is allowed.
Helpful Hemp Labs
CBD manufacturing is right up the wheelhouse of Hemp Labs. They can make whatever formula you may have thought up. You would just need to complete a product development request form beforehand. If you want to customize your CBD formula, Hemp Lab experts would be able to do the trick. The purchasing department could also label and package your CBD product for you if you make such a request. Prior to getting packaged, your product needs to be tested for stability. Your hemp oil product order can be made six to eight weeks in advance.
Be Aware of Resources
Beginning a CBD company might feel like a huge undertaking, but would benefit you to know the details pertaining to manufacturing, as well as the ropes of the business. Reach out to Hemp Labs of America to answer any questions you may have before embarking on this field of work.