The cannabis business is booming, which is why it’s no surprise that savvy entrepreneurs are looking for ways to invest. However, there are unique challenges that go along with working in the cannabis world. One issue that every business owner needs to pay attention to is their labeling. While labels are important in any industry, they’re doubly so if you work in cannabis, and there are several reasons for that. If you’re considering a cannabis business venture, keep reading to learn why clear labeling is so important for cannabis products.
Why is clear labeling important for cannabis products?
Hemp and hemp derivatives like CBD were legalized on a federal level in the United States through the passage of the 2018 Farm Bill, but CBD products are prohibited from containing more than 0.3 percent THC. If your products are being shipped nationwide, you should make sure that your label indicates exactly what’s in your product so consumers, vendors, and regulators can trust that they’re buying quality CBD from a brand that is operating in accordance with U.S. law. If you intend to sell marijuana, you’ll need to follow even stricter labeling requirements, which can vary from state to state.
There are also a lot of different types of cannabis products, many of which come in multiple flavors. There are hundreds of strains of cannabis flower, and it’s essential that customers know exactly what they’re getting when they purchase your products. Your goal should be to provide customers with all the information they need and make using your products simple. That includes letting them know that if they’ve never tried cannabis before, they should check in with their doctors before doing so for the first time. A doctor can explain how cannabis may affect any health conditions they have or interact with their prescription medications.
If you need help creating labels for your cannabis products, you should look into buying shrink sleeve label applicators. These portable machines don’t take up much space, but they can still provide comparable speed to industrial sleeving machines. You can use different steam heads to accommodate every tube size for your joints, edibles, and other cannabis products. You can even pay to have your labels professionally designed.
Is now a good time to get into the cannabis industry?
Before you make a decision about going into the CBD business, it’s important that you understand exactly what CBD is and how it works. CBD is short for cannabidiol, which is one of the cannabinoids found in the cannabis plant. Despite the fact that CBD has only been legal for a few short years, the market is already bringing in millions in profit on an annual basis. Most experts say there’s never been a better time to get involved in the industry.
There have also been advancements in our understanding of how CBD works and what benefits it has in recent years. Clinical studies are still underway aimed at identifying potential medical applications for cannabidiol, though some are still in the early stages. In 2018, the FDA approved their first prescription drug that contains CBD as an active ingredient. Epidiolex was given the approval to treat seizures caused by two rare forms of epilepsy, Dravet syndrome and Lennox-Gastaut syndrome. In 2021, the FDA added tuberous sclerosis complex to the list of conditions that can be treated with Epidiolex.
There’s still a lot to learn about cannabis, but there are many reasons for optimism about the future of the industry. If you’re thinking about starting a cannabis business, it’s an ideal time to do so, but it’s also a good idea to make sure you’re prepared for the realities of the industry. Labeling can be tricky, particularly if you’re working with marijuana products, which have additional legal hurdles to clear. Still, the industry seems poised to continue its rapid growth, and cannabis enthusiasts may find that now is the perfect time to start the business of their dreams.
