Wholesalers who want to take part on this mission can benefit from signing up with this company. After all, information dissemination is a powerful tool in generating awareness and in making quality sales. Therefore, as a wholesaler, you can also make the most out of the company’s program to maximize your profit and to reach out to more people by way of educating them about CBD products and their benefits.
Medical marijuana use has grown incredibly popular over the past few decades, especially for difficult-to-treat conditions such as chronic muscle spasms. Because of this, some 29 states have legalized medical marijuana use, provided that you obtain a prescription and a “marijuana card”, which allows you to purchase marijuana products from a licensed dispensary. This means that you can also purchase CBD oil and other CBD products extracted from medical marijuana plants in these states.
“There is a great deal of confusion regarding the legal status of hemp and why these products are so readily available versus marijuana-based CBD products. In 2014, the Farm Bill stated that hemp was different from marijuana, yet the Drug Enforcement Agency’s (DEA) position is that hemp comes from the cannabis sativa plant and as such falls under the controlled substance act. In 2004, the Hemp Industry Association won a court case against the DEA from the Ninth Circuit Court of Appeals that ruled the DEA didn’t have the authority to ban hemp under the CSA. “By that federal court ruling, similar to non-scheduled hemp food products, this allows Medical Marijuana, Inc. (including HempMeds®) to sell online and distribute to customers in the U.S. states,” said Dr. Stuart Titus, the company’s Chief Executive Officer.”
Formulation strength is where you'll notice the biggest misalignment between price point and customer interest. You'll find companies offering 2000 mg or 3000 mg formulas. Not many people are buying these. Instead, they choose formulations that are less potent, less expensive, yet still effective. For most retailers, it makes sense to focus in on these products.
Even as we witness the unrelenting growth of the hemp and cannabis markets across the U.S., most legal aspects of the industry continue to be shrouded in veritable shades of gray. Federal lawmakers remain stubborn in removing cannabidiol (CBD) from the DEA’s list of Controlled Substances, even though the compound has recently been approved by the FDA to treat two rare forms of epilepsy.
First of all, we have to bring it to your attention that there are CBD oil scams out there. However, the unscrupulous companies involved in these schemes don’t use high-quality CBD in their products. Pure CBD oil of the highest quality is extracted from industrial hemp via CO2 extraction, and such organizations that use quality oil also include independent third-party lab testing results of their products to guarantee both purity and content.
The FDA also issued a warning to these companies in 2015 for making false claims of effectiveness and medicinal benefits. “Your products are not generally recognized as safe and effective,” the letter read. “Additionally, your product is offered for conditions that are not amenable to self-diagnosis and treatment by individuals who are not medical practitioners.”