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5 Reasons Why Starting a CBD Baked Goods Business is Smart
by CL Contributor
CBD-infused foods are trending, and that means there's genuine demand. If you love baking and are a CBD aficionado, you might want to consider opening a CBD-based baked goods business. There are a few reasons to give this idea a chance.
1. Join the Wellness Trend
One reason to consider baking with CBD is that this ingredient is becoming the next big thing in wellness. People interested in natural wellness products are finding reasons to consume CBD. With this built-in desire for CBD-based products, you are already starting right.
Some businesses are promoting wellness products like CBD isolate that can be enjoyed by the consumer, but you don’t have to invest in heavy promotion. People are learning about CBD products on their own. Focus on making your baked treats because they will sell themselves.
2. Packaged and Ready to Go
The great thing about baked goods is they can be packaged and easily delivered. The reason this matters for up-and-coming entrepreneurs is because this industry is seeing an increase in popularity.
Thanks to the internet, people are starting to love the convenience of having their food delivered, and your baked goods could be on their list, too. Baked goods don't have to be delivered hot, although they can if that's what you want. These goods store well even if the customer decides to not eat the whole thing at once. Since these foods don't have to be delivered hot, you could have more than one package per delivery, which saves you money.
3. Workable Ingredient
Sometimes, baked goods need dry ingredients while other times you might need wet ingredients. The good thing about a CBD-based baked goods business is that CBD works in different ways. Of course, you can use dry ingredients in your baked goods by using the isolate, but you can also use a wet ingredient by choosing CBD oil.
Both will give you the results you want by giving you an ingredient that could work for any baked idea you've got. Your customers will be happy because they'll be getting a variety of baked CBD goods. It should be pointed out that you can buy these ingredients in bulk, and they have a long shelf life.
4. Genuine Acceptance
CBD products are very new, and some people have reservations. This is usually because the product is related to marijuana, and this plant had a negative connotation for years. It's taken some time for people to come around and accept that marijuana may not be as bad as people thought.
It should also be pointed out that CBD doesn't contain THC, which is the ingredient that gives marijuana its psychoactive properties. A lot of people may still be skeptical, but that number is shrinking as time goes on. Getting involved in a business selling CBD-based products now when people are finally accepting it is a good idea.
5. Competition is Low
Okay, you are going to see some competition out there, but it's still smaller than other types of businesses. CBD is still pretty new; there are a few states still changing laws regarding this ingredient.
Depending on where you are, you might be one of the few businesses out there dedicated to CBD baked products, especially if you are in a smaller city or town. Starting a business when you don't have much competition gives you a higher chance of being successful. On top of that, if another business tries to do something similar, you'll have the upper hand since you already established some familiarity with the people you serve.
You should write down a business plan if this is something you want to do. It would also be wise to talk to a financial advisor to help you budget so that you can make this idea work.
