Globalcannabinoids.io for your CBD Wholesale needs in New York
The signing of the 2018 Farm Bill was a watershed moment for the CBD Wholesale New York industry and the national hemp space overall. The Empire State has seen robust sales of CBD products, including everything from prerolls to pet treats. But how did this compound become so popular and how does it work? And what lies ahead for the business of CBD wholesale in New York? Read on to find out!
What are the Origins of Wholesale CBD New York?
The hemp plant has existed on this planet for tens of thousands of years, thought to be native to Central Asia. It has long been used in a variety of ways – researchers discovered the plant was spun into fiber 50,000 years ago. It slowly spread throughout the world, eventually reaching Africa and Europe. The Founding Fathers of the United States were believed to have grown hemp proudly and even encouraged other citizens to do the same.
In the modern era, the cannabis and hemp plants began to be demonized in the early 1900s, and was outlawed. Its use became synonymous with the counterculture until the 1990s, when its medicinal use began to re-enter the collective consciousness. In the 2010s, several states began to legalize cannabis for both medical and recreational use, but the hemp plant remained a gray area until the signing of the Farm Bill in 2018, which effectively legalized its cultivation and production in all 50 states (as long as the resulting crops contained less than 0.3% THC, the psychoactive cannabinoid found in many strains of marijuana).
CBD Wholesale in New York Today
In New York state, medical marijuana was legalized in 2014. It is available in vape cartridges, tinctures, capsules, topicals, lozenges, powder, and suppositories. Wholesale CBD has far more many delivery method options in the state, including all of the options in the medical cannabis program and then some (such as flower, concentrates like shatter, edibles like gummies, beverages, and e-juice to name a few). The products can be found in several shops and online, with new businesses and brands being launched on a very regular basis.
Why is Wholesale CBD in New York so Sought After?
CBD, short for cannabidiol, is one of the hundreds of cannabinoids, which are the active compounds in cannabis plants. CBD is not psychoactive but has been touted for its myriad of potential wellness benefits. Studies on CBD are still somewhat limited, but anecdotal evidence shows a plethora of possibilities. While most hemp products are not evaluated by the United States Food and Drug Administration (FDA), the first CBD-based medication was approved by the entity in 2018. Called Epidiolex, the oral solution is meant to treat early-onset epilepsy.
Wholesale CBD New York Business Opportunities
Despite limited research into the compound, people across the board have begun adding CBD to their health regiments. The global hemp industry is expected to be valued at over $15 billion by 2027. Understanding this increase in demand, the amount of entrepreneurs looking to enter the space is also growing (no pun intended). Folks in the Empire State who want to launch their own hemp-based product company have plenty of options. White label CBD offers businesses the chance to focus on the brand building without having to worry about production while private label CBD brands allow for intricate formulation. The inventory can be sold through e-commerce platforms or in brick-and-mortars – there are even direct sales CBD companies.
Wholesale CBD in New York is a lucrative and exciting industry, as it not only promises to lead to economic prosperity but will also help so many people achieve their wellness goals. And with more research being conducted on the compound every year, there is certain to be more even more discovered sooner than later.