Colorado is a progressive state of the US when talking about the legalization of cannabis. In Colorado with the adoption of the Farming bill in 2018, hemp-derived products including CBD oils got a progressive stance. CBD oil is legal in Colorado and allows the use of hemp as a food additive. If we see the Colorado legal framework about cannabis then it is one the relaxed states regarding the laws governing CBD and its products.
When you want to start a business in the distribution set-up of cannabis in any US state then you must first be aware of the hemp regulations and each US state has its regulation regarding hemp/ this way it is good to be informed well before jumping into the cannabis business in a specific state. In this guide, we would cover many different aspects that a distributor of CBD oil must know.
The Legal Status of CBD in Colorado
Congress in the US passed a Farm Bill in 2018 for the legalization of the cultivation of hemp. This created a way that cannabis is not among the control substance list. According to this Farm bill hemp containing less than 0.3% THC in cannabis but the cannabis-derived from marijuana is still illegal within the country. This bill is also regulated with the Food and Drug administration for CBD products labeling, its therapeutic claims, and use in foods. Although the Farm bill is in place FDA still is strict on CBD even derived from hemp to be not added into beverages, food, or any dietary supplement.
Colorado CBD Market
Colorado remains one of the cannabis-friendly states with less strict CBD laws. It is estimated that in the year 2019 the sale of CBD tops about $1.4 billion which is about 16% more from the year 2018. This is because of new distributors in the market and also new consumers. As a CBD oil distributor in Colorado, you need to survey the market about the number of retail stores selling the CBD product for both medicinal and recreational use. Because of the good CBD influx in Colorado obviously, the competition would be high among retailers and distributors. You need to work efficiently to compete in the market to provide the best services.
CBD Licensing in Colorado
Growers of hemp need to have an authorized license to cultivate the hemp and that too on authorized lands as per Colorado's current industrial hemp program. The procedure to get a license includes application submitting that requires a processing time of 30 days and an application fee depending on acres of soil used by the farmer along with indoor and outdoor capacity. The license given is valid for one year.
Labeling Requirements for the CBD Product
When starting your business as a CBD oil distributor in Colorado then you must take care of your product presentation as which necessary information should be mentioned on the product being on sale. Colorado has some very clear cut requirements of labelling and these include
Amount of CBD in the product.
Information about other all ingredients.
Volume and weight of the product.
Distributer name or manufacturer name.
Batch number or code.
Easy Access of CBD to People
When you are to become a CBD oil distributor in Colorado then having information about your target audience is very important. In Colorado CBD oil is fully legal and there is no defined limit of the procession of CBD product. People find various ways to buy CBD products including CBD oil from various retail stores, distributors, and even online. Here comes the point where you can flourish your business by providing consumers a trusted and reliable source of buying CBD oil.
Colorado has the most relaxed CBD laws but still buying CBD is not that transparent like buying tobacco or candy. In Colorado, the CBD products derived from hemp are licensed by the Colorado agriculture department and state health agencies and are the only CBD products that are legal to use. The laws regarding cannabis in the US are improving and Colorado State remains in the front with its more forward-thinking approach regarding the cannabis industry. More researches are on the way that depicts the beneficial use of CBD oil and its safety in public.