Cannabidiol or CBD is a non-psychoactive cannabinoid that does not produce a high. It instead acts as an anti-inflammatory and non-psychoactive painkiller. It is said to help with anxiety, depression, insomnia, nausea, seizures, migraines, and many other conditions. CBD can be ingested orally, or applied topically to alleviate muscle pain. Unlike cannabis flower, CBD is derived from industrial hemp. Hemp contains very low levels of THC (less than 0.3% THC on a dry-weight basis). CBD oil is extracted from the hemp flowers, leaves, stems, seeds, and roots of the hemp plant. Just like its psychoactive cousin, CBD is popular in the market segment of natural health. CBD-infused products such as tinctures, colas and candies are widely available. They line the shelves of cannabis dispensaries, chain drugstores and various storefronts in between.
For those entrepreneurs that understand the commercial power of cannabis derivatives, opening a CBD store might be a smart and logical decision. Federal law allows for the sales of CBD products nationwide. After finding a reputable CBD supplier, you are ready for thorough market analysis. After this step, you can pick your niche. There are many niches in the CBD space, but the main ones are: CBD-infused foods/beverages, supplements/wellness products, CBD-based pet products, and CBD cosmetics. You could specialize in one, choose all, or become a curator of products that you know to be of high quality. You will certainly want to identify the best e-commerce platform for selling CBD. This will become an integral part of your business, and help bolster your brand.
Payment Integrator has an array of frictionless credit card processing solutions for both your online, and brick-and-mortar CBD storefronts. We utilize a secure, tokenized P2PE environment to accept credit card and debit card transactions with a swipe, a dip or a tap. Our PCI Compliant devices also allow for payments utilizing Apple Pay and Google Pay. Because the CBD industry can be considered high risk, our approach to payments offers a streamlined underwriting process to keep your CBD store accepting payments as sales grow well into the future.
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