With the growth rate of the CBD market in the US estimated at 107% per year for the next 3 years, many organizations are eyeing this as a most lucrative opportunity since prohibition. As with any opportunity, timing is of the essence in order to carve out a niche in this wildly profitable sector.
If you are interested in launching your own line of CBD products into the US market place, there are really only 2 approach you can take.
First is the expensive, high-risk and time-consuming route of bringing any private label product to market. This includes developing the CBD product, having the ingredients sourced, managing the manufacturing and testing components, developing your own packaging, shipping your product out to various warehousing and distribution centers, driving sales, dealing with returns and much more.
But what if you could cut many of those initial steps out of the equation?
The alternative is the low-risk, quick-to-market and low overhead approach of “White Labelling”.