Why Vape Shops Should Start Selling CBD
Do you run a vape shop? If so, there’s never been a better time than now to consider stocking your shelves with CBD products. The CBD market, as you probably know, is growing at an incredibly rapid pace, which means that it’s a great time to really boost your revenue by carrying CBD vape products alongside your traditional vaping gear.
Need some convincing? We’ve outlined the major reasons (along with tips) why you should look into adding CBD to your inventory.
Reason #1: Your Customers Clearly Want It
It can’t be denied that more vapers are interested in CBD. There’s a strong overlap between vape enthusiasts and CBD enthusiasts, and as CBD continues to rise in popularity, it’s only going to get stronger. Part of the reason for this overlap is because of the fact that vape enthusiasts already own vaping gear, and therefore they’re more likely to consider buying a CBD-infused e-liquid to add to their collection of products.
These two industries share a lot in common indeed. Many CBD companies make vape juices that work with standard sub-ohm setups and contain high-quality hemp extract in addition to delicious flavors. These products are excellent gateways for your customers.
Additionally, it’s not hard to convince your customers that vaping an e-liquid that’s infused with hemp oil can benefit them. After all, many people find traditional vaping an extremely relaxing hobby, which is why they do it. By explaining that CBD can take that relaxation to a whole new level, it’s likely that they’ll be very open to giving it a try.
Reason #2: CBD Enthusiasts Will be Looking for It
Those who are interested in getting into CBD for the first time are very likely to check out the nearby vape shops before considering other types of businesses. Why? Because CBD-infused vape oils, in their minds, are most likely to be found with other e-liquid products. Perhaps you’ve already noticed that many customers have entered your store in search of CBD vaping products.
As time goes on, you’ll find that more and more people are coming into your shop looking for CBD-infused vape juices and vape pens. And, these days, many vape shops already carry CBD products, which means that it’s even more likely that CBD consumers will expect you to carry what they’re looking for.
Think about it this way: Once a customer purchases a CBD vape oil, they’re going to need a device to vape it with. And, where do you think they’re going to go to find that device but a local vape shop? Many of today’s leading vape shops, in fact, carry a wide range of vaping devices that are designed to make the CBD provide the most potent results possible. By carrying a wide range of CBD devices and e-liquids, you’ll be attracting a whole new group of customers.
Reason #3: The Market is Only Going to Grow in the Coming Years
It’s estimated that the CBD market will be worth $22 billion by 2022, according to financial experts. Therefore, it’s clear that this cannabinoid is so much more than the latest fad to pass through the natural health world. Meanwhile, more and more studies are coming out that are confirming that this plant-based compound is indeed as beneficial as users and industry experts claim.
Because the market is only getting stronger and larger with each passing year, you’re doing yourself a disservice if you don’t invest in some CBD inventory. As your shop continues to grow, so will your revenue from selling CBD products thanks to the ever-growing popularity of this industry.
And, the growing market gives you an opportunity to have a competitive edge. Each month, new brands come out with products, and new techniques are developed to make CBD even more beneficial than before. This means that you can stock the latest and greatest products so that your shop becomes a destination among hardcore CBD enthusiasts.
Reason #4: New Legislation Means More Public Interest
You may have noticed that the CBD industry has become more mainstream in recent months, and that has a lot to do with the fact that regulations regarding CBD loosened up after the passing of the Farm Bill at the end of 2018. This means that it’s now completely legal to sell CBD products that contain less than 0.3 percent THC. Before that, laws regarding CBD were murky because hemp was still classified as a controlled substance along with marijuana.
Thanks to the newly changed legal status of CBD, there’s a much stronger public interest in the compound. Many people who were initially hesitant to try the cannabinoid because of its association with marijuana feel more comfortable giving it a shot. And, that means that you can expect your CBD customer base to increase as the country becomes more hemp-friendly.
Of course, this means that you also have to stay on top of CBD laws in order to ensure that you’re doing everything right. Check with your local town before adding CBD to your inventory, and always stay on top of state and federal laws so that you don’t break any rules and risk your business.
Reason #5: Many Potential CBD Users Prefer Purchasing in Person
It seems like most first-time CBD users would rather buy a product in person than online. This probably has a lot to do with the fact that the CBD market isn’t presently highly regulated, meaning that many customers are uncomfortable buying just any old CBD oil on the internet. They’d rather speak to a knowledgeable person and see the product with their own eyes.
And, with the growing number of studies that are out there, you have every opportunity to be extremely knowledgeable when it comes to CBD. You have the ability to convince a wide range of potential buyers that CBD is absolutely worth their money. So, do some research so that you can become a CBD authority in your local area. This will absolutely help you get more repeat customers.
Quick Benefits of CBD Shows for Vape Shop Owners
If you’re ready to take your vape shop to the next level by adding CBD to your inventory, we strongly recommend visiting some CBD shows around the country or globe. These shows allow you to network with and build relationships with CBD manufacturers and distributors. This way, you’ll be able to stay on top of CBD trends while figuring out which CBD vape products belong on your shelves.
Sell CBD Vape Oils, Tinctures and Vape Pens in Your Shop Today
The CBD industry clearly isn’t going anywhere, and predictions indicate that it’s only going to be more profitable as time goes on. Therefore, it’s a very good idea to start adding CBD products to your vape shop’s inventory. Over the next few years, it’s likely that you’ll find that your hemp products provide a serious amount of revenue.