Cbd Business

Business Idea: Start A Cbd Business in 2024

Updated: July 7th, 2024

Avg Monthly Revenue
$88.5K
Avg Startup Costs
$34.9K
Score
82
Avg Revenue
Min Revenue
$3K/month
Max Revenue
$300K/month
Avg Days To Build
105 days

Cannabidiol, abbreviated as CBD, is becoming a household name, and its proponents believe this is for good reasons. Reports indicate that CBD treats several conditions, including chronic pain, inflammation, migraines, epilepsy, autoimmune diseases, and anxiety.

Market trend researchers indicate the CBD market will grow by a CAGR of 21.7 % over the next few years. Rising awareness of cannabidiol’s health benefits and its effectiveness in managing pain are some factors propelling the CBD industry’s growth.

Therefore, starting a CBD business in 2024 could be the best decision you are yet to agree to. Some high-potential CBD business ideas and opportunities include:

  • Become a CBD distributor.
  • Form CBD cooperatives.
  • Run a CBD podcast.
  • CBD marketer.
  • CBD blogger and reviewer.
  • Make and sell CBD bottles and containers.
  • Start a CBD subscription box service.
  • Start a CBD courier business.

Revenue & Profitability

How much do CBD businesses make?

Learn more about how much money CBD businesses make.

Startup Costs

How much does it cost to start a CBD business?

  • It can cost as low as $1,000 to start a CBD business.
  • It can cost as high as $200,000 to start a CBD business.

Learn more about the costs of a CBD business.

Examples Of Successful Cbd Businesses

Successful CBD business businesses and case studies

Beyond Botanicals, a CBD manufacturing company in the USA, focused on private label CBD, wholesale CBD, and retail CBD products, started with a $7,000 loan and rose to over $3M in annual revenue in just three years, largely due to good taste as a competitive advantage and traditional marketing approaches.

$300K Monthly Revenue
$7K Startup Costs
Read by 4,947 founders

Plain Jane, an online CBD company founded by two college roommates, offers unique products and has generated over $20K a month in sales within five months, attracting and retaining customers through social media, authentic stories, and content.

$275K Monthly Revenue
Read by 17,129 founders

See full list of successful CBD businesses.