For anyone looking to start up a small business, CBD oil presents an attractive opportunity. Because it only recently became federally legal, no one player dominates that field. And with sales expected to hit $22 billion by 2022, there’s still room for more companies to take a piece. You do; however, need to do your homework. Under regulations from the 2018 Farm Bill, CBD oil is only federally legal if it comes from industrial hemp, which contains no more than 0.3 percent THC. Cannabis that contains more THC is still illegal because that’s the stuff that gets people stoned. You also need to understand the restrictions on marketing it. Its legal status in some U.S. states still isn’t clear, which has made some advertising venues cautious. As noted elsewhere on this site, some social media companies are among them. But such is the popularity of CBD that political pressure will likely overcome these obstacles shortly. In the meantime, read up on the best types of CBD oil to sell, and what they can do. 1. CBD tinctures Tinctures are very popular in the CBD market because they’re fairly fast-acting, long-lasting, and flexible. While these are sometimes labeled “hemp oil,” the…
