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.
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Technically, anyone who wants to try their luck on the growing CBD business industry can inquire about the wholesaler program to determine if they are qualified or not. Signing up and waiting for the company representative’s call is the first step to determine if it is the right business opportunity to invest on. However, different companies have different policies and guidelines for their wholesaler program. Some may require specific requirements while there are some which are more lenient.
To make matters more confusing, nine states (including California, Washington, and Colorado) let residents buy cannabis-based products with or without THC. Nearly two dozen other “medical marijuana states” allow the sale of cannabis, including capsules, tinctures, and other items containing CBD or THC, at licensed dispensaries to people whose doctors have certified that they have an approved condition (the list varies by state but includes chronic pain, PTSD, cancer, autism, Crohn’s disease, and multiple sclerosis). Sixteen more states legalized CBD for certain diseases.
Nabiximols (Sativex), a multiple sclerosis drug made from a combination of TCH and CBD, is approved in the United Kingdom and Canada to treat MS pain. However, researchers think the CBD in the drug may be contributing more with its anti-inflammatory properties than by acting against the pain. Clinical trials of CBD are necessary to determine whether or not it should be used for pain management.
There are some important points to keep in mind, though. The recent passing of the Agricultural Improvement Act of 2018 changed the classification of hemp from a Schedule I substance to an “agricultural commodity,” paving the way for hemp and hemp-derived substances to be bought and sold legally. It’s also worth pointing out that the DEA recently reclassified some CBD (with a THC content <.0%) from a Schedule I, illegal substance, to the less-restrictive Schedule 5 drugs, as long as an item has been approved by the U.S. Food and Drug Administration. Lastly, the Farm Bill lifted restrictions on sales and transportation, as well as possession of CBD derived from hemp as long as the hemp:
Recent evidence from animal and human studies shows a role for the endocannabinoid system in maintaining energy balance and glucose as well as lipoprotein metabolism, according to a 2009 study. Modulation of this system has resulted in an improvement in a number of important risk factors in clinical trials, including visceral and subcutaneous abdominal adipose tissue, glucose tolerance, dyslipidemia and measures of inflammation.
“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.”
In order to determine which companies were included on this best cbd oil list and how they were ranked, each prominent provider on the market (Note: we pulled our list of brands from other established and credible CBD rankings like: this one and this one.) was allocated six individual Rank Scores based on their performance in the following metrics:
If people would get as involved with such deep investigation into their own human growth and potential rather than getting into arguments about what part of a plant a chemical comes from then this world would truly be a happier place and better for our children. Come on people be nice to eachother, do some deep spiritual healing without drugs. Use plants for healing instead of “not dealing with your own issues” hypnotherapy is side effect free and has permanent results
Product packaging is a great litmus test. How are their products presented? Are items sold loosely, or presented in boxes? Are the materials high quality? Is the packaging easy to display? Is the overall effect in line with other products in your store? Will it appeal to the customers you service or want to attract? Align yourself with a quality brand for the best results.
For question and inquiries, you can directly email or call their wholesale specialist. Their website also offers an overview of their extensive product line and descriptions to guide you through the selection process. They take pride on their finest hemp oil products which is a product of testing more than 3000 cultivars of hemp to discover the best seed that can produce the ideal ratio for their CBD products.
The CBD oil industry is already a multi-million dollar market with projections of reaching $1 billion in product sales by 2020. Because hemp-based CBD doesn’t contain any THC, people don’t become high with every use – a unique characteristic that only increases the popularity of this cannabinoid compound. And with the federal reclassification of industrial hemp, all 50 states have become authorized to establish agricultural programs solely to cultivate industrial hemp – many for CBD extraction purposely. Analysts have even predicted the market for hemp-based CBD to soon surpass the legal marijuana industry.
CBD hemp oil has a huge range of potential health benefits and uses, including reducing pain, soothing anxiety, fighting chronic diseases, improving mood, eliminating depression, preventing inflammatory arthritis, protecting the immune system, balancing the metabolism, aiding sleep disorders, and healing the skin, among others. CBD oil can also be used in many different ways and has a variety of applications for natural health.
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.