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These Are The 5 Things You Need To Know Before Starting Your Own CBD Business

Selling CBD online can give you access to more customers, especially if you don’t think CBD will be particular popular in our neck of the woods.

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Your timing couldn’t be better when it comes to starting a CBD business. But there are a few unique caveats you need to be aware of. Pixabay

 

 

If you’re thinking about starting your own CBD business, then you’re in the right place. The CBD market is booming. Business Insider predicts that this industry will be worth over $2 billion in the next 3 years, and that means there is plenty of green to go around.

 

Your timing couldn’t be better when it comes to starting a CBD business. But there are a few unique caveats you need to be aware of. From obtaining a license, to buying CBD wholesale, to finally launching your website, there are many steps you must follow in order to start your new CBD business.

 

Here are the 5 things you need to know before you get out there and start your own CBD business:

 

 

  • Familiarize yourself with CBD laws.

 

Since the passing of the 2018 Farm Bill, it is now legal to grow and sell industrial hemp and industrial hemp-derived products. This includes CBD as long as that CBD is legally sourced from industrial hemp. Legally sourced means you can guarantee that your CBD contains 0.3% or less of THC. THC is the psychoactive cannabinoid in hemp, the one that makes you feel high, and it’s completely illegal in the United States. Marijuana contains higher levels of THC, which is why it’s illegal and CBD is not.

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Familiarize yourself with CBD laws. Pixabay

CBD is perfectly legal as long as it contains .03% or less of THC. The best way to guarantee that your CBD products are legal is to buy CBD wholesale from reputable suppliers.

 

 

  • Only buy CBD wholesale from a trustworthy supplier.

 

Whether you want to sell existing CBD products or create your own, you need to find a trustworthy CBD wholesale supplier. You want to guarantee that these suppliers provide you with CBD oils that are legally sourced, pesticide and toxin free, and that the company otherwise operates at or surpasses standard operating procedures.The best suppliers will include third-party test results with all of their CBD products. These results should confirm the levels of CBD and THC as well as the purity of their product.

 

For your consideration, each of the products in our Diamond Wholesale package are legally sourced from industrial hemp farms in Kentucky, Colorado, and Scandinavia. We extract our oils with a state of the art supercritical CO2 extraction system that protects the potency of the plant without the use of harmful toxins, and we include lab results with all of our products so you can see exactly what goes into each of them.

 

 

  • Obtain a license and/or register your new CBD business.

 

Once you find a CBD supplier that you trust, it’s time to register your business and obtain any necessary licenses you might need to legally sell CBD supplements in your state. Many wholesalers, including Diamond CBD, will require you to have a resale license in order to re-sell their products. The IRS will also require you to register a EIN or TIN in order to legally operate in the US. As a legally registered CBD business, you will be able to apply for loans, hire employees, and pay taxes like any other business. You’ll also be able to open a bank account for your business and hire an accountant if needed.

 

  • Build a website for your new CBD business.

 

Selling CBD online can give you access to more customers, especially if you don’t think CBD will be particular popular in our neck of the woods. You can use websites like Shopify or WordPress to build your online retail store and use social media to build your online presence. Even if you go with a traditional storefront, you can still use a website to maintain relationships with your customers and help educate others about the benefits of CBD.

 

 

  • Never make medical claims about CBD products.

 

The final and most important thing you must know before starting your own CBD business is to never make any medical claims about CBD. CBD has not been proven to cure cancer or any other diseases, and the FDA doesn’t support any of those claims either. Be sure to include the FDA’s disclaimer on your website or with your products and remind your customers that CBD is a health supplement, not a miracle cure.

Also Read: Sexual Harassment: Microsoft Employees Write The Email Chain To Initiate An Investigation

When it comes to starting your own CBD business, we know there are a lot of brands to consider when buying CBD wholesale. At Diamond CBD, we take pride in our product and guarantee a high-quality experience with every use. If you’re interested in buying CBD wholesale, we’d be happy to connect with you!

 

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Mark Zuckerberg Not Going to Sell WhatsApp or Instagram

Facebook CEO Mark Zuckerberg has rejected a US lawmaker's call to break his company, saying he's not going to sell WhatsApp or Instagram

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Mark Zukerberg, Facebook, Instagram, Sell, Business
Zuckerberg, however, rejected these calls, saying the size of the social media giant was actually a benefit to its users and the security of the democratic process. VOA

Facebook CEO Mark Zuckerberg has rejected a US lawmaker’s call to break his company, saying he’s not going to sell WhatsApp or Instagram at any cost.

Senator Josh Hawley (Missouri Republican) tweeted that he met Zuckerberg during his visit to Washington, DC on Thursday, and asked him to sell Instagram and WhatsApp.

“Just finished meeting with @facebook CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show FB is serious about bias, privacy & competition. 1) Sell WhatsApp & Instagram 2) Submit to independent, third-party audit on censorship. He said no to both,” tweeted Hawley, one of Facebook’s biggest critics.

Zuckerberg also met President Donald Trump in the Oval Office.

“Nice meeting with Mark Zuckerberg of @Facebook in the Oval Office today,” tweeted Trump.

This is Facebook CEO’s first public trip to Washington since he testified before House and Senate committees in April last year over Cambridge Analytica data scandal affecting 87 million users globally.

According to media reports, Zuckerberg met several lawmakers this time and discussions included allegations that Facebook curtails conservative speech.

Mark Zukerberg, Facebook, Instagram, Sell, Business
Mark Zuckerberg has rejected a US lawmaker’s call to break his company, saying he’s not going to sell WhatsApp or Instagram at any cost. Pixabay

As the chorus grows to break up Facebook, the social networking platform’s Chief Operating Officer Sheryl Sandberg recently said that it won’t serve any purpose.

“You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about,” she had said earlier.

Several US senators have called for breaking up the social network amid repeated data breaches and privacy violations on the platform.

ALSO READ: Scientists Reform Face Of Another Human Ancestor

Democratic presidential candidate, Senator Kamala Harris, has stressed that authorities should take a serious look at breaking up Facebook as the social network platform is a “utility that has gone unregulated”.

Another Democratic 2020 candidate, Senator Elizabeth Warren, has also stressed upon the possibility of breaking up Facebook.

Zuckerberg, however, rejected these calls, saying the size of the social media giant was actually a benefit to its users and the security of the democratic process. (IANS)