We have been involved in Colorado's medicinal and legal cannabis industry since its inception, so we've seen the expansion from high-quality medicine to social commodity firsthand. Investment dollars have rushed into various sectors of the industry, and the primary focus is ROI. When people see green it's easy to get excited and focus on the numbers instead of the patients.
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.
That leaves those touting CBD’s effectiveness pointing primarily to research in mice and petri dishes. There, CBD (sometimes combined with small amounts of THC) has shown promise for helping pain, neurological conditions like anxiety and PTSD, and the immune system—and therefore potentially arthritis, diabetes, multiple sclerosis, cancer, and more.
Under federal law, cannabis (from which both CBD and marijuana are derived) is illegal everywhere, although the laws against it aren’t generally enforced in states that have legalized marijuana. Some manufacturers claim that CBD culled from legally imported industrial hemp, which has little to no THC, is fine to ship across the U.S., but many experts disagree, noting that because hemp comes from the same species as marijuana, cannabis sativa, all CBD falls under the DEA’s Schedule 1 designation. “This creative interpretation of the law runs afoul of reality,” says the Brookings Institution, a Washington, DC, think tank.
In general, companies ask for basic information such as the full name, age, email address, contact number, and company name. Additional information such as how and where did you learn about CBD and your interests may be asked. Also, applicants for wholesaler’s program may be asked if they own a retail store, an e-commerce website, or any other form of business. You will also need a CBD payment processor since most standard banks, Paypal, etc.. won’t process these sales.
One explanation for why the FDA does not seem to be cracking down on CBD supplement companies – despite their stance that CBD is a drug – is what we like to call the hemp loophole. Simply put, hemp products are legal to consume and import into the United States, even though hemp naturally contains CBD. This explains why many CBD companies market their products as “hemp oil” and do not state how much CBD it contains.
Of all the companies we've interacted with and tested, Joy Organics has been the standout. Their vertically integrated, Colorado-based facility is as impressive as its product line. Joy Organics uses organic, non-GMO hemp to extract its CBD products, from tinctures to topicals to vape products to softgel capsules. We've personally tested their product line, to great success, and we've reviewed the independent batch test results to confirm their high cannabinoid content.
Long Answer: The line between drug and supplement can often be blurry, and CBD is a perfect example of this. Technically speaking, drugs are considered unsafe until proven safe, whereas dietary supplements are considered safe until proven otherwise. Because of this, drugs have to be tested in clinical trials to verify their safety and efficacy before they can be used, whereas supplements do not. Another key difference between the two is that many drugs are only available by prescription.
If you’re selling and shipping CBD oil, it’s important to understand that misinformation is rampant. It can be confusing for distributors – but since the potential for industry growth shows no sign of slowing, it’s worth looking more into the matter. You may be wondering – will there really be that much growth? Experts say yes! Check out these stats from The National Institute of Drug Abuse’ National Survey on Drug Use and Health: Trends in Prevalence of Marijuana – the results from the survey show industry growth will indeed continue, so now is the time to start wading through all that confusing shipping-chatter out there.
While overstimulation of the CB1 receptor may lead to symptoms such as high blood pressure and abnormally high cholesterol levels, CBD is a CB1 antagonist, so it is not likely to cause such issues. Furthermore, the World Health Organization has recently issued a global report on CBD, claiming that it has a good safety profile and minimal adverse public health effects.
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.
The CBDistillery focuses on commitment and demonstration of compassion among people who can benefit from CBD. It also presents itself as a company that is consistently in line with serving others through their quality and trustworthy products. Its mission is to implement their very own program which is the #CBDMOVEMENT which aims to educate and inform the public regarding the benefits of CBD.
Why bother and tell anyone what you’re doing let alone…mailing?? IT’S NOBODY’S BUSINESS PERIOD what you mail. It doesn’t smell, won’t explode or catch fire and is undetectable. So just make sure you do a good job wrapping it so it won’t be bouncing around inside that small shipping box you would be using to ship it where ever you want. You don’t tell anyone and nobody will know. Trust me. There’s lots of things shipped via the USPS that if they knew might get one into trouble. The saving Grace? You’d hardly be the first to do such a thing. Nor will you be the last.
CBD hemp oil is the product derived from the hemp plant, which is high in CBD (cannabidiol) and low in THC (tetrahydrocannabinol). This oil has received a large amount of attention in recent years, due to the growing wave of marijuana legislation and debate in many countries, including the United States. While cannabis and smoking marijuana (which often has a high level of the psychotropic compound THC) is still illegal in many places, as more is being learned about CBD, and its potential effects on health, it is becoming more and more accepted as a legal and safe remedy for a wide variety of health conditions. Since it has a minimal amount of the psychotropic compound THC, use of this oil does not result in a traditional “high”, so its effects are generally considered therapeutic, not mind-altering.