10 Jul $$$ & CBD
Cash & CBD
The market around CBD oils is rapidly expanding. In fact, the hemp-CBD industry is projected to grow from just under $600 million in 2018 to $22 billion by 2022. With so much potential and growth, you might be wondering how you can get involved now to position yourself better for the future. Here are just a few things to know about the environment and outlook of selling CBD oils and other products:
Selling CBD is legal on the federal level.
CBD is completely legal to sell from a federal perspective, but when you get to the state level, selling CBD gets a little trickier. Thanks to the 2014 Farm Bill, selling and manufacturing CBD is no longer a federal crime, and President Trump recently signed legislation in 2018 to keep CBD on the market. So on the national scale, CBD sales are safe. On the state level, what CBD products you can sell is dependant on the source (hemp or cannabis), THC amount, and law enforcement tolerance.
Selling CBD is legal in Missouri.
Missouri is actually one of the friendliest states for CBD because in 2014, Missouri passed HB 2238. This law allows patients with incurable epilepsy to access cannabis oil as long as it contains less than 0.3 percent THC and at least 5 percent CBD.
According to HB 2238, people in Missouri need a neurologist reference and a state-issued registration card to purchase CBD. Once they have both, they’re allowed to purchase CBD from “cannabidiol oil care centers” controlled by the Missouri Department of Agriculture (MDA). Typically these guidelines haven’t stopped people without recommendations and registration cards from acquiring and using CBD in Missouri and most prosecutors and law enforcement agencies don’t prosecute the sale or ownership of CBD in the state.
In fact, no individual has ever been prosecuted for owning or using CBD in Missouri, and since it’s now legal at the federal level, the state will likely soon follow. In 2018, Missouri took another step in protecting CBD and cannabinoids by passing Amendment 2, a petition to legalize medical marijuana use as prescribed by state-licensed physicians and create regulations for licensing and certification. Final rules for administration of the program were released in May of 2019. Governor Mike Parson recently stated that his stance on CBD and medical marijuana is that if the people support it, so should the state.
“The people of Missouri have voted to adopt Constitutional Amendment 2, approving medical marijuana,” Parson said in an email to the Springfield News Leader. “As governor, it is my job to ensure successful implementation of the people’s will. We will begin the very detailed process of implementing a process that makes medical marijuana available to qualified patients.”
There’s money to be made in CBD.
So now that we’ve covered the legal guidelines of CBD, let’s talk about how you can get into the business. Purest Purpose Organics has an Affiliate Program that offers a risk-free opportunity for you to take advantage of the rapidly growing CBD market. If you’re a small business owner, interested in social media sales or just want to distribute to family and friends, the Purest Purpose Affiliate Program provides high-quality, thoroughly tested CBD products at a wholesale price. We will also walk you through creating landing pages and targeted campaigns to convert clients, help track sales and visitors, and best of all, give you a 25% commission on all sales.
If you’ve been nervous about getting into the CBD industry, now is the time to take the leap. The potential for growth is there, the laws are becoming more favorable, and our Affiliate Program provides everything you need to break into the business. Visit our wholesale page to learn more and to apply. You don’t want to miss out on this growing industry by taking too long to make your move.