Politics and Business

Reasons why the number of online CBD stores have doubled

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CBD has recently enjoyed massive capital gains. In the US alone, this industry is considered to be a billion-dollar industry. What could be the factor that contributes to this success? Consequently, there has been an increase in the number of online stores that sell CBD in the especially this last year alone. In fact, there are anticipations that many investors are trying to push their products through online stores and platforms.

Here are the reasons why online CBD stores have doubled.

 

  • High demand

 

It is no secret that there is a very high demand for CBD products. It is no shock that even people who are from countries that have banned its use need it very much, especially arthritis patients who look forward to reducing their pain. CBD oil has been tested and approved as a way of arthritis pain management. In as much as their countries have banned physical retailing and supply of CBD, these people can always access the product via online retailers. You should also note that not all retailers are after stringent ethical practices and you should be careful to choose a site that is respected and trusted.

 

  • Market dominance

 

The largest online retailers, like Amazon, have entirely banned and prohibited the sale of CBD products. Even the affiliates of the online retail giant have followed suit. Therefore, this has opened a niche for newbies who have since taken over the business by storm. Many customers

would have bought CBD from authority websites, but unfortunately it’s not offered, opening a large shell of profits for online CBD retailers to share.

 

  • Availability of credit unions

 

Earlier on, especially in the US, local banks and microfinance institutions refused to handle cash from the sale of CBD oil within the region and beyond. It initially promotes the sale of CBD in physical retail stores, and most specifically in states that had legalized it. The most preferred method of payment was cash. However, most online transactions and shopping are done via credit and debit cards, and therefore online retailers couldn’t thrive. More recently credit unions sprouted up to help in managing the funds and proceeds from online retail stores primarily through credit cards. This act gave more investors the resources to open new retail stores and hence the reason for doubling.

 

  • Business websites

 

Lastly, most consumers will feel comfortable when they buy from trusted retailers. In this digital era, when an online store has an official website with an authority domain, its credibility is never questionable among the consumers. You must note that most players in the industry, especially around the US and UK, are millionaires, if not billionaires, who can get the best of web designs for business websites that are user-friendly to attract more customers. For instance, most online stores have websites that facilitate secure checkout from any gadget. In addition to that, their website content is either compatible with any browser, either PC-based or mobile-based. If that is not the case, then you’ll always find different content versions for varying modes such as PCs and mobile phones.

In the long run, you should note that CBD online retailers have doubled in number because there is a generally positive perception of medical marijuana. As of now, many countries are on the verge of legalizing it, with other third world countries thinking of how to export the same for medicinal purposes to states that have already legalized it.

 

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Rebecca Berman is an on-camera lifestyle reporter, video producer and blogger based in the NYC metropolitan area. Her improvisational skills shine through via her many talents. After graduating from American University with a BA in Communications, Rebecca worked as a production assistant with numerous celebrities and movie producers on such projects as Cocktail, Arthur on the Rocks and Masquerade, to name just a few. Berman spent most of this period working at broadcast giants MTV, VH1 and Nickelodeon, where she produced elaborate events such as the VMAs, movie awards parties, VH1 Awards post-parties. She also worked behind the scenes planning launch parties for both MTV Asia and the first EMA show held in Berlin, Germany. After seven years in the entertainment business, Rebecca decided to take a pause and raise her family. She began a second career as a Real Estate agent, enabling her to stay at home and nurture her three children while working. Her temporary hiatus did not last long. As her kids grew older, she realized she wanted to follow her true passion; promoting things in life she loves. Utilizing her creative personality and production skills, Rebecca landed a job as a lifestyle reporter on the local weekly news show “The Local Live.” Her reporting covers a wide range of diverse topics, from local restaurants and bars to waste management and Veterans Affairs (in conjunction with Habitat for Humanity of Westchester). Rebecca is happily married, living with her husband and three children in Westchester, NY. Her ambition has driven her to construct some incredible projects that will surely continue to motivate and entertain many people of all ages.

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