The global cannabidiol (CBD) market is forecast to make up $55,791.3 million in 2028, up from $3,675.1 million in 2021, growing at a CAGR of 47.49% between 2021 and 2028, as Fortune Business Insight reports.
The continuous growth in the industry has raised the interest in CBD shipping. What should you know about CBD shipping, including BigCommerce CBD shipping?
CBD Market: CBD Sales
The global cannabidiol market is projected to grow from $3,675.1 million in 2021 to $55,791.3 million in 2028 at a CAGR of 47.49% between 2021 and 2028.
You’re allowed to sell CBD that is derived from hemp plants, not marijuana. Its THC level must be at or below 0.3%. If you’re partnering with others, e.g., suppliers, you’ll need to make sure your product hits certain standards.
Shipping CBD: BigCommerce CBD
According to Statista, cannabidiol supplements topped the sales list in convenience stores in the U.S. in 2020. CBD vitamins sales accounted for 20.5 million U.S. dollars.
When shipping CBD, you must provide (in a written form) the CBD and THC levels of your products. You can organize CBD shipping with the help of a third-party logistics (3PL) company. If you’re using BigCommerce, make sure the company is a fulfillment partner.
Specifically, you must follow certain guidelines when shipping CBD oil:
- Verify that your CBD oil products comply with Federal regulations.
- Provide all the documentation required by the United States Postal Service (USPS), even if you’re shipping by private courier.
- Choose a safe shipping box to transport the CBD oil securely so that to prevent breakage.
- Make sure everything is OK with carrier pickup so the product can be delivered properly.
What about CBD payment processing? No matter you’re interested in BigCommerce CBD or any other eCommerce CBD eCommerce services, one thing is certain: you need to work with a secure payment services provider.
With a reputable payment expert, you can get easy access to the most advanced and cheap payment gateway to start accepting payments from your customers.
What You Should Know About BigCommerce CBD Shipping
The CBD oil industry is booming. To ship CBD products, you must adhere to certain rules and regulations. Make sure to work with a reputable payment expert to process CBD transactions securely.
Author Bio: Content crafter Alex Wilmont has been active in the payments industry for over 15 years. He lives simply, gives generously, and loves his 2 dogs. His mission is to enhance and innovate the fintech industry for years to come.