In recent years, cannabidiol has become a lot more mainstream than it used to be and the CBD industry is one of the fastest-growing industries in the world. It’s clear that CBD isn’t going anywhere, and entrepreneurs have been flocking to the industry to have a piece of the pie. Every enterprise requires adequate preparation, and starting a successful CBD brand isn’t different. Liam McGreevy and Elliott Findon of Ethnopharm Limited had these tips to share to entrepreneurs looking to join the industry;
Have a Clear Understanding of the Laws and Regulations
Policies on CBD marketing and sale aren’t quite standardized. Having a deep understanding of the local legislation on CBD and other cannabinoids is crucial for business success. Non-compliance could lead to hefty fines and even convictions. Seek legal counsel on matters like product labeling, marketing and other matters that could have…
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