9. CBD-infused food and snacks.
When ingested, CBD’s therapeutic effects are released slowly and steadily. Once an infused edible travels down the esophagus, it’s digested by acids and enzymes before the primary cannabinoids — in this case, CBD — are absorbed through the stomach lining. Creating CBD edibles requires an initial extraction of the cannabinoid in oil form. This oil is then infused into a carrier oil before being whipped up into a digestible delight.
Cost of production depends on how many milligrams of CBD your edible goods contain. If you invest in an extraction device, creating in bulk will be worth the effort and provide a healthy return on investment.
Cost: While this way of making money from CBD may be more costly — food licenses cost around $700-$4000 — the return can far outweigh the outgoing costs. Some other costs to consider include opening a bank account ($50), state business registration fees (approximately $100), and product liability Insurance ($500-$1,000/annually).
When venturing into the ever-evolving sector of CBD edibles, ask yourself whether you want to label and package the products yourself. Creating them will require effort on your part, but so will the labels and packaging. Let’s not forget about the cost of running a website ($0-1,000), business cards ($50), kitchen tools and equipment ($1,000-$10,000+), and sales sheets ($10-$20).
10. Open a CBD restaurant.
If you’d rather see the satisfaction on your customers’ faces when they sink their teeth into an infused edible — as opposed to them consuming CBD edibles at home after they buy from your online or brick-and-mortar store — why not launch a CBD-focused restaurant?
Of course, for this option you have to set aside time and money to secure a space inside which your guests can peruse CBD-infused dishes and enjoy them socially. However, since you can organize events inside a restaurant, regularly update the menu and introduce deals for special occasions or guests, there are plenty of opportunities to earn an indulgent revenue.
Cost: A recent survey conducted by RestaurantOwner.com showed that the average median cost of a restaurant is around $375,000. However, low-scale restaurants will set you back a lot less, around: $175,500.
11. CBD-infused beverages.
Entice your target market to rise and shine with a CBD-infused morning coffee or reel them in with an infused mojito at the end of a busy day. Because of CBD’s supposed anti-inflammatory effects, CBD-infused drinks are also an appealing choice for post-workout recovery. However, since cannabinoids are insoluble in water, CBD-infused snacks must be produced using an emulsifier to enhance bioavailability.
Cost: Consider the same costs associated with CBD-infused food and snacks for this one. However, the cost of equipment may be different. CBD-infused beverages can be made from home if your production capacity is small. This will cost you just your usual kitchen equipment and time. If production capacity is high, invest around $10,000-$20,000 in equipment.
Health & Beauty CBD Business Opportunities
Everything that happens inside is reflected on the outside, which is why health and beauty go hand-in-hand. CBD may work as the missing puzzle piece in many people’s self-care regimens. The statistics show just that, with U.S. sales of CBD topical and skincare products racking up an estimated $1 billion in 2019.
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