How to Open a CBD Product Company October 25, 2019
CBD Infused Product lines can be created through vertical integration or by contracting with a company that offers white labeling.
Vertical Integration is the combining of hemp cultivation with hemp processing, product formulation, packaging, branding, and distribution under a single ownership. Vertical Integration is the “in house” consolidation of all aspects of cbd production from the field to the shelf.
White Labeling is the practice of purchasing an existing product from the producer and branding and selling the cbd infused product under your company’s name. Several companies offering white labeling options include formulation and development for customization of your cbd infused product.
Private Labeling is licensing your product to another company to sell under its own name and brand, rather than under yours. Private Labeling is a viable option for vertical integration companies.
By 2022, the hemp-only CBD market has been projected to grow to $646 million before taking the Farm Bill’s enactment into account. Now, it will accelerate to $1.3B by 2022. New Frontier Data
Grocery giant Kroger recently revealed plans to sell CBD products in 945 stores throughout seventeen states, and many of those products will come from Colorado.
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