Canadians looking to start a business within the CBD industry should be familiar with the concept of wholesaling. In short, wholesale is when you buy CBD products in bulk at a lower price. Unfortunately, it isn’t as simple as that.
So if you’re looking to start a business in CBD, it would be wise to familiarize yourself with everything wholesale CBD-related. In this article, we will do that. We will tell you what every Canadian need to know about wholesale CBD to make their business work.
So with all that said, let’s start.
Wholesalers Offer Different Products
As you can imagine, the products that wholesalers offer will depend solely on them. This one is pretty straightforward as different wholesalers offer different products. Some might specialize in full spectrum products, while others in CBD isolate or broad spectrum. Some wholesalers might sell oils, tinctures, and sprays, while others edibles, topicals, or vapes.
All in all, you should know to look for a wholesaler that offers the products you want to sell. If you’re thinking of opening a CBD vape store in Canada, then look for a wholesaler that has lots of diverse vaping products.
You Should Always Ask About THC Content
The old cliché of “not every CBD product is made the same” applies to wholesale CBD. Canadian wholesalers might offer products that contain 0.3% THC, or products that contain no THC. This isn’t anything unusual as CBD is perfectly legal in Canada if the THC content isn’t more than 0.3%.
So if you’re looking for a wholesaler to partner with, make sure that their CBD products are below 0.3%. The easiest way to do that is to get in contact and ask them. As always, not every CBD wholesaler sells full spectrum products. Some, as we mentioned earlier, specialize in broad spectrum and CBD isolate. With these two, there is no THC involved so you won’t have to ask about it.
Depending on what your niche is, you can go for CBD products with THC or without.
Discuss Pricing
A lot of Canadian CBD wholesalers are eager to do business with you. The whole purpose of these businesses is to sell their products in bulk to their partners. Naturally, when buying in bulk, you pay a much lower price for the products. But that doesn’t mean it will be cheap.
CBD products in Canada don’t cost a fortune, but some might be very expensive. While CBD wholesalers offer a fixed price to their partners, some prices might be negotiable. That is why you should always discuss pricing with potential wholesaling partners.
It’s safe to say that certain wholesalers aren’t particularly interested in giving their partners a good deal. As you can imagine, this isn’t a very smart business model on your end. So you’ll need to find a wholesaler that offers quality products, has a huge variety of products and offers the best possible prices for their products.
When on the subject of variety of products, we should explain that the right wholesaler should also offer multiple options of the same product. Let’s assume that a particular wholesaler offers 1000 mg, 600 mg, and 300 mg of the same CBD gummies product. This wholesaler offers more variety than a wholesaler that only has 1000 mg gummies.
Fast Shipping Sells
Wholesalers know that their partners want to get their hands on the products as soon as possible. After all, you need to start stocking your shelves with CBD goodies and open for business as quickly as possible. You can’t do that if your wholesaler takes weeks to ship the CBD products. Luckily for us, most Canadian CBD wholesalers are fast and reliable. They understand the importance of fast shipping.
But regardless, you should still ask and test before you get into a written contract with a particular CBD wholesaler from Canada. This will eliminate a lot of headaches, problems, and will make sure you’re not losing money.
Do Your Research On the Best CBD Wholesalers
The bottom line is to always do your research whenever thinking of creating a partnership with CBD wholesalers. Research is a vital part of running a business, and the last thing you want is to get in bed with the wrong wholesaler. CBD wholesale is a business model that works, is effective, and can launch your business to new heights. But the most important thing is to always do research first.
