Business Idea: Start A Cbd Oil Business in 2024

Pat Walls

•

Updated: July 7th, 2024

Avg Startup Costs

$18K

Score

Market Size

$201B

Min Revenue

$3K/month

Max Revenue

$300K/month

Avg Days To Build

200 days

Market Size

$201B

Min Revenue

$3K/month

Max Revenue

$300K/month

Avg Days To Build

200 days

CBD oil is taking the world by storm. It's a natural, non-toxic, and highly effective way to manage everything from anxiety and depression to chronic pain. And it can be used in so many ways smoked, vaped, ingested, or applied topically.

Research shows that CBD, the non-psychoactive component in marijuana, has a host of health benefits and can help treat everything from anxiety to chronic pain to cancer. And with more states legalizing marijuana for both recreational and medicinal use, the market for CBD oil products is only going to continue growing.

Examples Of Successful Cbd Oil Businesses

Successful CBD oil business businesses and case studies

Prison to Profit - How I Started With $5K And Built A 7-Figure Vaping Company

A former ex-con launched Vape and Juice with just £5,000 and has since built a seven-figure vaping company with online sales increasing 800% during lockdown, by offering exceptional customer service and investing in talent.

$300K Monthly Revenue

$5K Startup Costs

Read by 9,092 founders

How I Started And Grew My CBD Oil Company To $3M ARR

CBD oil brand Populum grew from $650K to $1.4M in annual revenue in just one year, with monthly sales of $220K and an ARR of $3M, due to investing in high-quality, trustworthy hemp products and stellar customer service.

$220K Monthly Revenue

Read by 9,194 founders