Want to buy wholesale cannabis? Understand the industry by learning these 7 important facts first! Keep scrolling to read more.
Buying wholesale cannabis can be a great way to get access to high quality product when you are running a dispensary or making products for sale. Before diving into the industry, it’s important to become familiar with the laws governing its sale and use, as well as understand what’s required of buyers. Learn more about important facts such as taxes on cannabis, potency regulations, and permits you will need.
Research Your State Laws.
Every state has their own laws governing the sale, use and possession of cannabis. Before making any purchases, ensure you understand your local laws and regulations. Research topics such as taxes, permit requirements and also packaging guidelines for resellers or dispensaries. This is a very important step to ensure you are compliant with all applicable laws when buying or selling cannabis products.
Confirm That You’re Working With a Reputable Supplier.
Before you make any transaction, take the time to do your research and confirm that your wholesale cannabis supplier is reliable, has a professional presence and offers quality products. The Internet is full of suppliers offering good prices but don’t be fooled into thinking that low cost equals quality. Check out reviews from past customers, read through terms of service and always ask for samples or certificates of analysis. This ensures that you are getting what you pay for!
Buy Enough Capacity To Meet Growing Demand.
When planning for purchasing wholesale cannabis, make sure that you purchase an appropriate quantity for your business needs. Don’t overbuy as there is a risk of product perishability and your cannabis doesn’t have an indefinite shelf life. At the same time, also be sure to leave some room for growth so you don’t run out of product when demand starts increasing. Set realistic goals based on your projected sales and stock accordingly.
Understand the Various Regulatory Compliance Requirements.
One of the most important things to understand when buying wholesale cannabis is the various regulatory requirements that need to be followed depending on where you will be selling it. Research the laws in your state thoroughly and make sure that you are adhering to all regulations and licensing requirements. Be aware of federal Cannabis law as well and make sure to avoid any violations by staying up-to-date on changing regulations in the area.
Develop a Logistics Strategy For Distributing Your Products.
Creating an effective distribution strategy will be one of the most important things to consider when planning your wholesale cannabis business. Evaluate your needs and determine the best way to ship and deliver products to buyers, as well as manage product returns if necessary. Developing a reliable carrier network that can handle both short-term and long-term orders is essential for providing an outstanding customer experience.