Northeast is Fast Emerging as the new Start-up Destination, Says Minister Jitendra Singh
Due to improvement in connectivity and transport facility in the last two years, coupled with concentrated administrative focus, more and more youngsters are now heading towards the northeastern states to venture into entrepreneurship
New Delhi, October 16, 2017 : Union Minister of State for Development of the North Eastern Region (DoNER) Jitendra Singh claimed that the area was fast emerging as the new start-up destination for youngsters from all over India, an official statement on Monday.
Due to improvement in connectivity and transport facility in the last two years, coupled with concentrated administrative focus, more and more youngsters are now heading towards the northeastern states to venture into entrepreneurship and take advantage of its unexplored potential, he said, according to a DoNER Ministry statement.
Citing an example, he said in certain areas of Northeast, including states like Arunachal Pradesh, “while almost 40 per cent of the fruit goes waste on account of lack of adequate storage and transport facilities, the same can be used to produce and manufacture fresh and pure fruit juice at a much more cost-effective price”.
During an interaction with youngsters, Jitendra Singh also pointed out that many new airports coming up at Pakyong (Sikkim), Itanagar and Shillong, which along with a time-bound plan to lay broad-gauge rail track, would bring in further ease of doing business.
“Another sector of entrepreneurship which is fast emerging in Northeast is the medical and healthcare sector.
“For years, there has been a trend for patients to shift outside the region, mostly to Kolkata or Vellore, but the encouragement given to the private corporate sector has now resulted in the opening of new hospitals within the region itself and young entrepreneurs are taking the lead,” he said. (IANS)
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.
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.
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!