10 Best CBD Business Ideas to Start in 2024

Cannabidiol, or CBD, is a substance that naturally exists in cannabis plants. These days, a variety of CBD products are available for consumption, application, or ingestion. The market for CBD products is expanding quickly; by 2025, it’s expected to be worth $22 billion.

Given the abundance of CBD manufacturers and products on the market, many of you may be asking if investing in CBD remains a viable business prospect.

The short answer is “yes.”

There are other business options in this field, and believe me, they are not restricted to selling CBD oil or gummies. All in all, it is a huge market that is constantly growing – with no signs of slowing down. 

If you want a piece of the CBD pie and the best business idea to get in this business, we’ve compiled a list of 10 business opportunities and CBD business ideas that may be just right for you.

Are CBD Businesses Profitable?

By 2024, the CBD market in the US is predicted to grow by $20 billion. The CBD market is expanding, and there are several CBD business prospects if you want to get involved. However, in order to achieve the best outcomes and long-term success for your CBD business, you must consider a range of factors and ensure proper execution.

There are a ton of CBD business ideas that you may start with; all you need to do is figure out what interests you, what trends, and what your target market wants, and then act accordingly.

Whichever business plan you choose, success depends on a few key areas that you must focus on. These include creating a strong brand with top-notch customer service, effectively marketing your company using CBD, and choosing premium products that appeal to your target demographic.

Also Read: How Much Does Average CBD Store Make?

Some (Important) Tips to Keep in Mind Before Starting CBD Business 

• Both hemp and marijuana plants contain CBD.
• It is believed that CBD is not a psychoactive substance. It doesn’t have the same intoxication effects as tetrahydrocannabinol (THC).
• CBD generated from hemp crops with a maximum THC content of 0.3% became allowed to grow, manufactured, and sold in 2018 under the US Farm Bill.
• One of the more than 100 cannabinoids found in cannabis plants is CBD, and it functions best when taken in a full-spectrum or broad-spectrum extract along with other terpenes and cannabinoids.
• High-quality CBD is thought to be a safe substance in humans and animals, even at high dosages.
• CBD is a very adaptable substance that is available in standard capsule and oil form, as well as CBD edibles, smokables, topicals, and various other forms.
• Using the body’s endocannabinoid system, CBD promotes homeostasis, or balance, for the best possible physiological function.
• Since CBD dosage varies greatly from person to person and is influenced by genetics and other lifestyle factors, some trial and error is necessary.
• Most ad networks restrict CBD goods. To get around advertising prohibitions, several CBD companies call their goods “hemp” and place a strong emphasis on search engine optimization.

Also Read: Guide to Start a CBD Business

10 best CBD Business Ideas in 2024!

1. CBD Apparel Business Idea

Don’t be surprised. Yes, it is a legitimate business idea and a profitable one. Now, you might be wondering, how to make this possible.

Let’s understand. 

CBD oil can be infused into fabric through microencapsulation. It is a method that allows tiny microscopic capsules to absorb CBD before being placed into cloth. When you wear the clothing item, friction, and body heat cause the capsules to shatter and release the oil. This is how CBD clothing works!

There is no denying that, when it comes to fashion, there are undoubtedly numerous options.

Consider taking a look at the recommendations listed below:

• Sleepwear: There is an increasing number of people who suffer from insomnia. The good news is that CBD interacts with serotonin receptors in the brain to promote calmness and relaxation, which makes it easier to fall asleep.
• Sportswear: Starting up with CBD-infused sportswear is another good and trending idea! One typical example of such type of business is Acabada, which launched the first CBD-infused activewear in the market. They have CBD in them to help your muscles relax and recover faster after exercise. So, after a tough workout, you might feel less sore if you’re wearing CBD activewear.
• CBD Accessories: These are little things like hats or socks that you wear every day. They have CBD infused into them, so you can get the benefits of CBD without even thinking about it. For example, CBD socks might help your feet feel nice and relaxed throughout the day.

Also Read: Marketing Ideas for CBD Business 

2. CBD Retail Business

Selling CBD products out of a physical storefront, whether online or off, is a clear method to break into the CBD business.  The good news is that becoming a retailer of CBD products doesn’t require you to bother about hemp cultivation licenses, extraction, or product development. Partnering with a trustworthy CBD supplier is the quickest way into this market, and it may be quite profitable.

In order to benefit from your sales, this business model calls for purchasing CBD goods made from hemp from a reputable manufacturer or wholesale distributor and marking them up.

It’s important to note that selecting the ideal provider is crucial to the success of this company venture.

To begin your business as a CBD retail shop, consider the following advice when selecting a CBD business partner:

• Quality CBD goods. Because the quality of the CBD products you sell will determine how well your brand performs, it’s critical that your supplier prioritizes quality control through ethical hemp sourcing and independent lab testing.
• Look after their certifications and compliance: It’s important to check a company’s certifications and compliance with regulations to ensure you get the best goods and have partnered with a reputable CBD company.
• Reputation in the market: Join forces with a CBD business that is well-known in the industry and has a reputation. To get the best results, check out third-party review websites and see what others are saying about the brand. It helps you choose the best supplier for your CBD products.

Also Read: How to Start a CBD Business? 

3. CBD Infused Beverages

CBD-infused beverages seem to be on the rise in the next years. According to Prohibition Partners’ analysis, CBD beverages could provide a challenge to the long-dominant alcoholic beverage business. Some researchers predict that by 2024, this new CBD beverages market will have grown to $4 billion USD.

• Coffee: Offer your target audience a CBD-infused cup of coffee in the morning to help them wake up. CBD-infused coffee combines the energizing effects of caffeine with the potential calming properties of CBD. Cannabidiol can be added to an espresso, cold brew, or blended with milk to make a CBD latte.
• Bottled water: You can sell bottles of CBD-infused water. Sparkling water infused with CBD offers a light and hydrating option for those seeking a refreshing beverage with a hint of relaxation. It’s perfect for staying hydrated throughout the day while enjoying the calming effects of CBD. Since 2014, the brand CBD Living has used that technology to make CBD water.
• Beer: To manufacture CBD-infused beers, you must first brew and infuse beers with CBD or THC. They differ from cannabis beer, which is brewed utilizing the plant’s roots and stocks.
• Tea: CBD can be used to make tea. When medicinal herbs are combined with cannabis’ active elements, such as cannabidiol, tea can prove to be a beneficial treatment for your body and mind. Buddha Teas is a CBD firm that sells this type of product.
• CBD energy drinks: CBD-infused beverages are also an appealing option for post-workout recovery due to CBD’s anti-inflammatory properties. It provides that extra boost of energy with a side of relaxation. These beverages combine the stimulating effects of energy drinks with the potential calming effects of CBD, offering a balanced and revitalizing drink option.
• Mocktails & cocktails: Create unique and flavorful mocktails or cocktails by adding CBD to your favorite drink recipes. It allows you to offer mojitos, soothing lavender lemonades, and other things while providing your customers with refreshing options.

Also Read: 10 best CBD Business Ideas to Start in 2024

4. CBD Cosmetic Business idea

Experts think that skin conditions including dryness, irritation, or pain can be treated with the cannabis plant’s cannabinoid content. CBD cosmetics are a recent development that is gaining popularity as the market for natural products grows. Nowadays, a wide variety of CBD beauty products are available, including face masks, lotions, lip balms, and creams.

One company selling CBD cosmetics is called La La Leaf. They have mastered the art of creating cosmetics with CBD infused from only natural substances. Their main product categories are vegan lip balms and hand lotions.

Customers who are aware of the advantages of CBD, particularly in relation to skin and beauty goods, are the target market in this industry. So, it is quite a profitable and lucrative CBD business idea.

In order to get started and ensure successful business operations, you just need to get the packaging, product formulations as per your target market requirements, attractive packaging, and marketing in mind. Generally, you can expect to spend approximately $75,000 to over $200,000 to get started with a CBD cosmetic business.

Also Read: How much does it Cost to Open a CBD Dispensary 

5. CBD Spa

Spa businesses are always on the rise, you just need to get the basics right. However, CBD-infused spa businesses are seeing growth. As customers are getting to know about the benefits of CBD-infused spas, this business need is getting traction.

Cannabidiol is a highly adaptable component that may be used in a wide range of spa goods, including cosmetics (cleansers, masks, creams, and lotions) and natural tea beverages, to create a completely unique spa experience.

In addition to the many advantages of massage therapy, CBD-infused massage oils may enhance them by supporting a healthy inflammatory response and nourishing and conditioning the skin. Whatever the situation, clients will always be drawn to a CBD spa because of its allure.

For instance, some people think that receiving a CBD massage in an opulent setting might reduce soreness, fatigue, and muscular tightness after an exercise; ease arthritis pain and joint inflammation; ease pain in the back, shoulders, and neck; and lessen inflammation brought on by strain or injury.

You may even consider targeting athletes with some of your CBD spa items, as Beam TLC has done.

A high-end spa may require startup expenditures of well over $100,000. The return on your investment, though, can be substantially higher. If you don’t have the capital to make the big investment, look into personal loans, investor loans, or loans from the U.S. Small Business Administration.

6. CBD pet business

A few years ago, people would have thought you were insane if you fed your pet anything derived from a plant formerly regarded to be a gateway drug. As times have evolved, some supporters of CBD assert that pets can benefit from CBD in the same ways that people can.

Let’s talk about the pet CBD market, which is expected to be worth $1.7 billion by 2025 according to data released by cannabis research firm Brightfield Group.

CBD-infused pet foods and treats: According to data that was published in the Journal of the American Veterinary Medical Association, 20% of dogs, or one in five, indicate that they are in discomfort.  If you want to sell dog treats, capsules, and other edibles, the market for pet food and treats is enormous.

CBD pet topicals: It’s a fact that pets and owners have similar desires at all times. In that regard, regular individuals who have friends who own four-legged pets could be the target market for this type of CBD product. Pet CBD topicals can be made entirely of plant material and are vegan.

Given that dogs have an endocannabinoid system and that cannabinoids normally elicit an anti-inflammatory response, some individuals think these products have the potential for treating neurological and physiological diseases in animals.

Pet vests & blankets: Pet vests and blankets with CBD infusions are becoming increasingly popular, much as CBD-infused clothing items. These goods can be made using micro-encapsulated beads, which cause friction to release the effects of CBD gradually. However, you can’t just sell vests and blankets, you need to focus on the pet niche and get the best out of it.

7. Become a CBD Blogger

In these days of social media and Instagram, becoming a blogger is a great way to make money. Having a specialization these days allows you to highlight your experience.

When it comes to blogging, it makes no difference whether you write for your business or intend to become a CBD oil affiliate. Building trust and securing a prominent place in the CBD market can be achieved through blogging.

Here are three things you should keep in mind: 

• The first thing you should keep in mind is problem-solving and providing quality information to your readers.
• The second most significant aspect of blogging for business is that you must write on a regular basis. This will eventually drive more visitors to your website and make it simpler for people to find you online.
• Thirdly, be sure to employ SEO strategies to appropriately optimize the material and achieve higher search engine ranks.

Affiliate marketing has low initial costs, which is especially beneficial if you have a limited budget. All you have to do is market the CBD products online and earn a fee for each sale completed through your efforts. Customers will be taken directly to the company’s website when they click on your affiliate links, eliminating the need for you to transfer purchases to the manufacturer.

Among the economic opportunities that come with owning a CBD oil blog is the fact that an increasing number of individuals are choosing to shop online in these uncertain times.

According to E-Marketer, US e-commerce sales will total $794.50 billion this year, increasing 32.4% year on year. This is a faster growth rate than the 18.0% expected, as people continue to avoid retailers and prefer to shop online throughout the pandemic.

Brand marketing and sponsored content are two more ways that CBD bloggers can monetize their platforms. With these, you can directly market CBD goods in return for payment.

8. CBD subscription box business 

Subscription boxes have gained popularity in recent years. You can get subscription boxes for everything from beer to makeup, shaving goods, and even painting supplies. It allows customers to try a variety of products they may not have heard of previously.

All subscription box businesses begin with a niche—in this case, you can collect the greatest CBD products and have them sent to your customers once a month so they can try out new, interesting products. The increasing popularity of CBD products makes starting a subscription box business for CBD goods a great idea.

A subscription service involves paying a monthly fee to have a package of specifically picked things delivered to your home. Customers are unable to choose what will be included in their box, which adds to the idea’s emotional appeal.
AllayBox: This company offers boxes including health products infused with CBD. There are roughly four to six products (such as treats, gummies, topicals, etc.) in every package. Allaybox’s website is incredibly well-designed and user-friendly. Many CBD shops rely on subscription programs to generate recurring revenue.

In order to take advantage of this CBD business opportunity, you will need to look for a reputable CBD source for your products, swap out the contents of the box frequently, and find the most unique yet specialty CBD products. If you sell unique goods, this makes your subscription box seem more important.

9. CBD infused foods

Food infused with CBD is an additional CBD business idea. People have been using CBD for a while, and they are developing increasingly inventive CBD products. Food and snacks are among them. In this area, business owners will find a limitless variety of CBD-infused edibles.

Starting with the most typical, let’s get started.

• Cookies: Similar to regular store-bought cookies, CBD cookies are made with baking ingredients and cannabidiol added to offer the health and flavor benefits of CBD in an edible form that is easy for customers to consume.
• CBD Chocolates: CBD-infused chocolates offer a delightful treat for chocolate lovers. From creamy milk chocolate to rich dark chocolate, there’s CBD chocolate for every palate, providing a delicious way for customers to experience the calming effects of CBD.
• Gummies: CBD-infused gummies are colorful, flavor-infused candies with a variety of shapes and hues. CBD gummies are once again quite popular in the United States due to their tasty, practical, and healthful qualities.
• Dry fruits: CBD-infused dried fruit is a nutritious substitute for candy for those who don’t have a sweet tooth. Verma Farm, a CBD business, sells these dried fruits in a variety of flavors.
• CBD Energy Bars: It is quite popular among gym enthusiasts and even busy professionals who want to eat something healthy, while they are on the go. CBD-infused energy bars provide a convenient and nutritious option. It is packed with protein, fiber, and the natural benefits of CBD, these bars offer a tasty way to refuel and recharge during busy days.

Also Read: How to Get a CBD License? 

10. Sell CBD supplements and medications

Supporters of CBD have looked into the potential medical benefits of CBD, which they say include analgesic, anxiolytic, and pain-relieving qualities. It is important to remember that the FDA does not control the quality or safety of CBD products that are marketed as dietary supplements. Regarding dose and the possibility of drug interactions, there is still uncertainty.

There are a few things to think about in order to launch your CBD business:

• Carry out an investigation: Since CBD supplements are consumable goods, their effects on consumer health are apparent. Reviewing the federal laws and current state regulations that apply to your company should come first. The FDA does not, however, vouch for the security of CBD products sold in tablet form.
• Register your business: If your company lacks the necessary licenses and documentation, you are unable to sell anything legally.
• Choose a trustworthy supplier: You need to choose a reputable CBD wholesale distribution firm in order to launch a successful CBD business. Additionally, you need to make sure that the supplements you bought comply with local and state laws in both your area and sales places. Strict testing will be required from a dependable source in order to deliver high-quality goods.
• Sell via your physical and virtual store: The unfortunate news is that well-known e-commerce platforms do not allow CBD items. Therefore, the best course of action is to build your own website or sell through a physical store, or maybe even both.

To Conclude

Despite being relatively new, the CBD sector has had extremely remarkable development, and it shows no signs of slowing down anytime soon. The legalization of CBD for medicinal purposes is opening up new business opportunities.

In this blog, we’ve included ten of the top business ideas for getting started. Our list of business ideas demonstrates that the CBD industry is not confined to manufacturing and selling products. There are many adjacent options that can be a fun, creative, and satisfying way to get started and make money, especially if you’re genuinely enthusiastic and passionate about the benefits CBD has to offer.

After you select a course of action, there are still a lot of tasks to complete, such as deciding on a location or creating a website, obtaining the necessary permits, getting high-quality products from reliable vendors, etc. Also, keep in mind that running a successful CBD business involves effort, attention, and time.

So, now that the regulations are in place, be prepared for change, understand your clients, and differentiate yourself from the competition in order to develop and succeed in business.