Looking to buy wholesale cannabis? We’ve got you covered! Get up to speed on the latest information with our knowledge base of 7 vital facts.
Buying wholesale cannabis can be a great way to save money and get access to premium products. To make sure you know what you’re getting, here are 7 key facts you should know about wholesale cannabis — from growers, extraction methods, and lab testing to packaging, shipping information and more.
Know your limits: Understand local legal requirements for wholesale cannabis purchasing.
Before you buy wholesale cannabis, it’s important to understand the laws and regulations that govern purchasing from growers, processors and distributors in your area. For example, in some locations individual consumers may be limited in how much cannabis they are allowed to possess or purchase at one time. Understanding local laws can help you make sure you stay within the legal limits.
Shop around: Different wholesalers will offer different price points and product selection.
Whether you are looking to purchase cannabis flower, oil, or even edibles, shopping around is key to getting the best deal. Different wholesalers will have different price points and product selection, so it pays to do your due diligence on any potential purchasing partner before making a commitment. Make sure to research the quality of their products as well as their customer service offerings in order to ensure that you get exactly what you need for your business.
Prepare for taxes: Research applicable business license requirements and the relevant tax codes.
Taxes can be one of the biggest expenses associated with running a wholesale cannabis business. Make sure you understand the applicable tax codes in your area and any applicable business license requirements throughout the supply chain and purchase process. Additionally, research accurately reporting items such as inventory costs, sales taxes and customer data to ensure you maintain compliance with all relevant regulations.
Make sure of quality: Ask what kind of standards a wholesaler employs to ensure quality marijuana products are supplied to their customers.
Quality is of the utmost importance when it comes to wholesale cannabis. Look into things like what type of testing the cannabis supplier offers, and if they strive for organic or non-GMO cultivation practices. Inquire about their packaging, rosin processing and other various extraction methods used to guarantee you get the highest quality product possible.
Consider insurance: If you plan on selling cannabis,
Having the right insurance and liability coverage while dealing with cannabis products is a must. Shop around for quotes to ensure that your company has adequate coverage, as this will give you peace of mind during transactions. The last thing any business wants to worry about is if they’re properly insured. You don’t want to have legal or financial issues in case anything goes wrong. Get the appropriate insurance for your business, and make sure it covers cannabis-related activities.