he global cannabis vaping market is expected to grow 3.5 times from 2021 to 2031, with demand for this type of product increasing over time. For those looking to sell CBD products, white-label and private-label CBD companies offer a quick and easy way to get a foothold in the industry. If you are still in the dark about how to start your business, take some time to understand the relevant information and make a solid move.
What is CBD?
Cannabidiol (CBD) is a compound found in cannabis. CBD is harmless, which means it does not cause a “high” Cannabidiol (CBD) oil is a compound found in the cannabis plant. It is only one of the hundreds of cannabinoids but makes up 40% of the plant’s extracts, which are derived from flowers and leaves. As you can learn from CBD suppliers, CBD is becoming one of the fastest-growing homeopathic medicines and is known for its pain-relieving properties.
CBD can come from hemp or non-cannabis plants. Cannabis is defined as any part of the cannabis plant that contains no more than 0.3% tetrahydrocannabinol (THC), the mind-altering substance in cannabis.
CBD from hemp is a potent ingredient that has been shown to promote the health of various systems in the body. Scientists are still researching how CBD affects the body. The U.S. Food and Drug Administration (FDA) has approved Epidiolex, a drug containing CBD purified from cannabis, to treat a rare form of epilepsy. Cannabidiol is not psychoactive. CBD oil is made by extracting cannabidiol from the hemp plant and adding an emulsifier, usually hemp or coconut.
CBD oil is primarily used to relieve pain, reduce anxiety and depression, and even combat the symptoms of diseases such as cancer, multiple sclerosis, and epilepsy. The FDA has concluded that the drug is safe and effective for these uses. Good cannabis products are those that have undergone countless modifications in the laboratory to best harness this power and combine it with the right elements to ease discomfort when needed.
What is the ODM CBD service process?
For most products requiring ODM services, it takes about 3 months from initial idea generation to completion to turn them into reality. However, some products may have shorter lead times. Therefore, the lead time of the ODM process is up to 3 months, depending on the specificity and complexity of different products. Once the order is received by the factory, product requirements are discussed until the model is finalized and the prototype is produced within 35 days. After the prototype is confirmed, another 33 days are required for ongoing quality control to ensure the consistency of the product.
Phase 1: Project Initiation
Share your planning ideas with the factory team. Dedicated staff will help you bring your ideas to life through every detail of your projects, such as overall product specifications, definitions, project lead times, and quotations.
Phase 2: Branding and Product Design
(Branding and product designs are available upon request) But it is advisable not to get too attached to your designs! Talk to a team member and get a branding consultation from the factory’s designers, who specialize in bringing your needs and fantasies to life, crafting more tangible solutions to meet your consumers’ needs. Note that it is also very important to choose a factory that allows customization with a different matrix of technologies available, such as child-resistant (CR) and advanced packaging designs.
Phase 3: Research and Design
Design and develop prototype fully functional samples in the R&D center.
Phase 4: Mailing Model Samples
Mockup samples will be sent once we confirm your final work. Standard lead time: one month.
Phase 5: Fabrication of quality control samples
Products are repeatedly tested in the laboratory until they meet market-ready manufacturing quality assurance standards before being mass-produced. Once finalized and approved for mass production, a mass production and production line will be established to meet ISO and GMP guidelines, and the quality assurance team will check the quality control of the product during production to ensure consistency. On average, the total production lead time is one month, which may vary for different types of products. Customers can even track manufacturing progress through the factory’s customer app, feeling a sense of participation throughout the manufacturing process.
Phase 6: Product launch to market
After you receive the first batch of products, the marketing members of the team will continue to follow up with you. Make sure you get the best possible product training and event experience to help ensure the success of your product launches. Having some more professional guidance and advice will make your product a hit in the early stages of listing. Ensure your best interest. Of course, if you have the best marketing strategy yourself, you will get twice the result with half the effort.
What are the dos and don’ts of starting a new CBD product business?
Here is everything a cannabis entrepreneur needs to know: Cannabis business regulations, marketing, financing, legal status, and some basic information about CBD and cannabis products. While hemp, CBD, cannabis, and other products have experienced a wave of legalization in the United States, laws still vary from state to state. Since these products are just hitting the market, regulation is still a work in progress. So far, even the FDA has only had time to approve prescription cannabis products and certain forms of hemp-derived CBD (not in edibles, tinctures, or beverages). Therefore, it is important to find a reputable supplier. CBD and cannabis buyers should look for the following:
Certificate of laboratory testing of the product following ISO 17025
Availability of a certificate of analysis (also known as a COA) proving that the product is free of pesticides, molds, or heavy metals. For CBD, there should also be a THC content of 0.3% or less (depending on what type of product you want to make).
FDA warning letter or Negative evaluation of the supplier
Whether the supplier has made unrealistic or unfounded claims
Whether your business is a cannabis-focused startup or an established company looking to expand into new territories, it’s important to know that the cannabis industry is more heavily regulated than other industries. Before you start a new business, you need to make enough preparations.
