A few years ago, CBD was only newly legal for sale in the United States and was a niche product, at best. Now it’s at the center of an incredibly profitable industry that includes products ranging from oils and tinctures to beauty products to edibles like chocolates and gummies. You can find cannabidiol everywhere and in almost everything and many businesses are looking to get involved in creating their own products.
However, if you’ve never worked in CBD before, it can be difficult to know who the best contract manufacturer is or how to identify the best option to handle your manufacturing process. If you plan to offer gummies through your business, keep reading to learn more about how to make sure you choose the best manufacturer.
What is CBD and can it be legally sold?
First, it’s important that you understand what CBD is and what legal guidelines apply to its use and sale. CBD is short for cannabidiol, which is one of the compounds that can be found in the cannabis plant. Unlike marijuana, it doesn’t contain THC, which means it doesn’t get you high. Though the effects of cannabidiol are more subtle, users rave about what they see as its positive impact on conditions ranging from chronic pain to sleeplessness. Medical research is still ongoing to determine the precise applications cannabidiol may have, but many are optimistic about its potential.
In terms of where cannabidiol fits into the legal landscape, its sale became legal in the United States via the passage of the 2018 Farm Bill. This authorized the sale of hemp and hemp byproducts like cannabidiol. However, there are many other countries where the use and possession of cannabidiol aren’t permitted, so it’s a good idea to check local laws when traveling or deciding which parts of the world your business will cater to. Given that the industry is projected to make upwards of $20 billion in profits by 2024, it’s a good time to buy-in.
How can you hire the best manufacturer for gummies?
While there are a variety of formulations for products containing cannabidiol, edibles like gummies remain one of the most consistently popular with consumers. If you plan to operate a cannabidiol-based business, gummies should be a high priority for you when it comes to product development. However, it’s important to research the process for creating your products thoroughly. There are several important things to look for when trying to find the best gummy manufacturer for your business.
First, look for a manufacturer that specializes in the type of edible products you hope to sell. If your products are intended to be sold as a wellness product or dietary supplement, look for a manufacturer with a background in creating and packaging gummy products for that market. It’s also important to look at the potency of their products and the number of flavors that are offered. The more variety you can offer customers, the better. A track record of reliability should also always be high on your priority list.
As with any product you plan to ingest, it’s a good idea to get your doctor’s advice before making cannabidiol a part of your routine. Your physician can also tell you how it may interact with any prescription medications you’re currently taking.
Consumer demand for products containing cannabidiol is high and industry experts project that it will stay popular for the foreseeable future. That means that many businesses that aren’t currently active in the market are likely to look to develop products like oils and gummy vitamins of their own. If your business is considering investing in developing CBD gummies, it’s a good idea to take time to find the right manufacturer and distributor.
There are several factors to consider, from turnaround time to packaging to expertise and reliability. While there are many elements that will determine the success of your business, there are few that are more important than ensuring that you provide your customers with a high-quality product.
