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The Cannabidiol – CBD/Hemp Business

November 14, 2019

Roy M. Avila

Technologist - Advisor - Promoter

The Cannabidiol – CBD/Hemp Business

By design, the Endocannabinoid System, Cannabinoid Receptors, and the use of Cannabidiol – HEMP work together to deliver results.

Is CBD/Hemp the new gold rush?

Education is everything; the industry resources available are what separates the confusion between Cannabidiol- CBD, with less than 0.3%THC, supposedly non-psychoactive versus medicinal cannabis, the psychoactive with higher levels of THC, which is illegal without a prescription from a medical doctor. Whether you understand the differences or are still navigating the industry not properly informed, it can make decisions more difficult but yet rewarding for those who start or run a successful, compliant CBD/Hemp business.

After intense research on the topic of Cannabinoids, the current challenges are increasing. Just when most thought it was going to be simple to start their journey or have already started a cannabidiol business, the limitations have recently increased. The list of do’s and don’ts is not necessarily very clear, and each participating organization that you deal with has done their due diligence and established a set of guidelines. We discovered that for greater success and results, it is prudent to use business best practices. Not to only deliver on your promise but to comply with regulations. We have found that there are numerous rules, regulations, and guidelines set by the government, financial, and industry institutions, not to mention the producers and suppliers.

Most entrepreneurs and even established companies by design only address their core understanding of how to deliver their message of blended natural creams, essential hemp oils, tinctures, drinks, powders, etc. to create unique formulations for safe, powerful, and effective relief; to provide good life habits — forgetting that their brand falls short of many components that make up the online experience for the consumer.

Know the Facts – Currently, there is only one way to deliver a successful online Hemp/CBD presence. To understand and address the roadblocks, local and federal legal requirements, as well as operational set backs. You must include all the components necessary to demonstrate your brand, management, create a safe customer experience, and loyalty to local authorities and customers.

The Essential Components for Operating a Business Online

  • DBA company Policies
  • In-house Synergy and Dynamics
  • Content and Restrictions
  • Web Hosting, Terms, and Conditions
  • Website Design
  • Ecommerce Platform
  • Merchant Services
  • Sourcing and Allocation
  • Wholesale, Affiliate, and Retail Programs
  • Marketing
  • Traditional and Digital Advertising
  • Sales Tax
  • Employment and Payroll
  • Accounting and the Balance Sheet
  • Profitability

Roy Avila has in-depth technical and marketing knowledge of the CBD/Hemp industry(not to be confused with medicinal cannabis for medical marijuana application or usage).  Contact us for more information at 401-349-2135 or visit https://www.itlnow.com/our-offers#contact-roy.

Thank you!

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