12 Secrets For Starting A Successful Cbd Business

Want to start your own CBD business? Here are 12 tips you should know.

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a CBD business:

#1: Jackson Jesionowski, founder of CannaFacturer:

We chatted with with Jackson, founder of CannaFacturer ($74K/month). In our interview, Jackson says:

Produce things and put them into the world, understand the value of being a producer over a consumer.

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#2: Lauren Kay Forsch, founder of Popped.NYC:

We chatted with with Lauren, founder of Popped.NYC ($20K/month). In our interview, Lauren says:

Find a solid support system. Mentors, investors, peers for encouragement and help keeping those booster rockets firing in the right directions.

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#3: Evan Marshall, founder of Plain Jane:

We chatted with with Evan, founder of Plain Jane ($275K/month). In our interview, Evan says:

When a customer wants to meet you in a Safeway parking lot to get their product faster, you know you have something,

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#4: Mark Maher, founder of Beyond Botanicals:

We chatted with with Mark, founder of Beyond Botanicals ($300K/month). In our interview, Mark says:

Somewhere along the line, society collectively romanticized this hustle culture of working ridiculous hours, not sleeping, sacrificing everything else, and on and on. Do not, under any circumstances, ruin your health, relationships, or general well-being for your business.

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#5: Evan Marshall, founder of Plain Jane:

We chatted with with Evan, founder of Plain Jane ($275K/month). In our interview, Evan says:

Understanding your sales channels almost should take priority in building features unless you have particularly deep expertise and insight.

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#6: Trey Gilliam, founder of CBD Solutions:

We chatted with with Trey, founder of CBD Solutions ($7K/month). In our interview, Trey says:

Just get up every day and start. Even the tiniest amount of effort is still so much more than most people ever put into their grand ideas. You get out of it what you put in.

Additionally:

The [trade] show in Woodward was three days and I ended up doing $2,200 in sales. I was feeling much better, and I had earned back most of the money that I put in so far!

Further:

Know your market. I got into CBD at a great time when the hype was just starting to build. Sadly, my local market has become too saturated, so I’m moving down to Texas where there aren’t as many CBD stores yet so I can get a bigger portion of their market as it builds.

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#7: Rod Glupker, founder of CBD Store of Michigan:

We chatted with with Rod, founder of CBD Store of Michigan ($15K/month). In our interview, Rod says:

Learn everything about the industry you are getting into.

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#8: Gunhee Park, founder of Populum:

We chatted with with Gunhee, founder of Populum ($220K/month). In our interview, Gunhee says:

It was when I stopped “asking for permission”, but rather aggressively pushed the envelope that I started making progress. I set up meetings with local banks, where I could personally sit down and explain how hemp is different than marijuana.

Additionally:

One thing I have learned through all this is to not be afraid to ask for input and feedback from your close network. You don’t have to try to do it all alone.

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#9: Evan Marshall, founder of Plain Jane:

We chatted with with Evan, founder of Plain Jane ($275K/month). In our interview, Evan says:

Know when to keep going and when to let go.

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Read the full interview ➜

Want to start a CBD business?

See our full guide ➜