Hemp Crate Co.

How We Started A $50K/Month CBD Subscription Box Side Hustle

May 15th, 2021
Ryan Culver
Founder, Hemp Crate Co.
$50K
revenue/mo
2
Founders
2
Employees
Hemp Crate Co.
from Indianapolis
started March 2019
$50,000
revenue/mo
2
Founders
2
Employees
market size
$82.3B
avg revenue (monthly)
$18.3K
starting costs
$13.7K
gross margin
40%
time to build
210 days
average product price
$25
growth channels
Word of mouth
business model
subscription
best tools
Quickbooks, Instagram, Canva
time investment
Full time
pros & cons
35 Pros & Cons
tips
5 Tips
Discover what tools recommends to grow your business!
email
shipping
customer service
social media
design
other
Discover what books Ryan recommends to grow your business!
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Note: This business is no longer running. It was started in 2019 and ended in 2024. Reason for closure: Shut down.

Hello! Who are you and what business did you start?

We’re Ryan and Lowell- the Founders of Hemp Crate Co. Hemp Crate Co. is the leading CBD Subscription Box. Each month we partner with 5-7 different brands to put the best and brightest of the CBD world into a box that gets sent out to our 1000+ subscribers. We believe that everyone deserves relief and that relief should be affordable and not regulated by Big Pharma.

We’re currently delivering our crates to anyone over the age of 18 in the US and Canada. Our boxes focus on delivering tons of value as CBD can be expensive. Our starter boxes ($44.99) deliver on average $125 in value and our pro boxes ($69.99) deliver on average $175 in value!

We’re currently doing ~$50,000/month in revenue between our online store and our subscription boxes.

how-we-started-a-50k-month-cbd-subscription-box-as-a-side-hustle

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