Investing in the Many Potential Benefits of a CBD Franchise
For decades, the U.S. banned hemp cultivation. Who would have dreamed of a CBD franchise then? In 2014 with the introduction of pilot programs designed to investigate the benefits of hemp cultivation for farmers and business investors. Within the first three years, at least 38 states considered hemp-related legislation, and numerous businesses began selling hemp CBD under policies permitting the sale of hemp-derived products in states with established regulations.
Back in 2014, when the industry was new, CBD sales alone generated an estimated $49 million in sales. Then, in 2017, hemp-derived products brought in $820 million. With growing public interest in the health and wellness potential of CBD and federal legalization of hemp-derived products, experts predict the CBD industry could generate $22 billion in sales by 2022.
In response to the demand for hemp-derived CBD products, farmers are converting their fields, manufacturers continue to develop signature brands, and business owners are taking advantage of franchise opportunities.
The Benefits of Investing in Franchise Opportunities
Numerous people with dreams of running a successful business are waiting for the right opportunity, the product or service they believe will help pave their route to success. Many prospective business owners recognize CBD as the opportunity they have been waiting for.
Although many people would like to own a CBD business of their own, most find the significant expense associated with product development, packaging, branding, and marketing requires significantly more capital than they are prepared to invest.
That likely explains the growing interest in franchise investments, an opportunity for small-business owners to benefit from partnering with an established CBD brand, a successful company with a proven business model. Although there are several common types of franchise agreements, they offer similar advantages. Just a few of the many potential benefits of investing in a CBD franchise can include:
- Partnering with an established brand while retaining ownership of your business
- Collaboration with a company familiar with current regulations and guidelines
- Potentially lower cost for products and supplies
- Fewer financial obstacles and reduced financial risk
- Access to training programs for investors and their employees
- Assistance with advertising and marketing
Investing in a CBD franchise allows business owners the opportunity to invest in the growing popularity of hemp-derived products, realize their dream of owning a successful business, and save a considerable amount of time bringing their vision to reality.
Maximizing Your Investment Opportunities with CannaBiz Depot
If you’re intrigued by the possibility of owning a CBD business of your own, it’s important to remember that the success of your business will largely depend on the reputation of the brand offering the franchise opportunity. Thus, you should consider the many advantages of purchasing a CBD franchise from CannaBiz Depot.
CannaBiz Depot is the home of all things hemp, an opportunity to expand your inventory and profit potential. Therefore, some of the many significant benefits of a CannaBiz Depot franchise include:
Offering Your Customers a Variety of Hemp-Derived Products
CannaBiz Depot offers one-stop shopping for quality hemp products. While your customers may initially visit to investigate your assortment of high-quality CBD products, they will also be intrigued by your selection of hemp clothing and accessories, hemp food and beverage options, hemp and CBD bath and beauty products, and hemp-derived pet products.
Easy Access to High-Quality Products
A franchise agreement with CannaBiz Depot gives you access to numerous brands. Your shelves will be lined with products from some of the most recognizable names in the CBD industry, including our high-quality CannaBiz Depot products. Further, all CannaBiz Depot products are third-party tested to ensure the purity and potency of every item you offer. There’s plenty of room in our pricing structure to help ensure a tidy profit.
Branded Marketing Materials
Cannabiz Depot is a recognizable leader in the hemp industry, an established, respected brand. That means a significant amount of the work involved building name recognition is already done for you. With access to CannaBiz Depot flyers, billboards, and online marketing materials, it’s easy to attract customers to your business. Thus, ensuring you can fulfill the growing demand for quality CBD in your community.
Access to Current Research, Product Knowledge, and Essential Training
Customers investigating the health and wellness potential of hemp-derived products have a lot of questions. Thus, they will look to you and your CannaBiz Depot Consultants for guidance. As part of the CannaBiz Depot family, you are entitled to know what we know. We even provide training for you and your staff before your doors open to the public. Your business is a knowledgeable resource from the beginning.
High-Quality CBD and Other Eco-Friendly Hemp Products from CannaBiz Depot
For more information about the significant health and wellness potential of CBD and the value of industrial hemp products, stop in and see us at CannaBiz Depot in La Crosse, WI, or visit our website to read our blog or shop online.
At CannaBiz Depot, we take considerable pride in the quality of our products and the incredible value offered to our customers and our CannaBiz Depot franchise partners.
We believe everyone interested in hemp should have access to high-quality products and affordable prices. Thus, we offer a wide range of products from some of the most recognized names in the CBD industry. This includes our popular CannaBiz Depot CBD tinctures, topicals, and THC-free CBD isolate. Lastly, to ensure purity, potency, and safety, third parties test all CBD products we offer.