CBD Business

CBD business taking off beyond expectations

From flavored oils to pain creams, a small CBD store in Topeka has a variety of options.

The store owner says customers can buy candy, coffee or even pet treats, all including CBD, a cannabinoid made from industrial hemp. This is legal under the National Farm Act and Kansas law.

Trevor Burdett is the man behind stores like Topica. He is the founder of Sacred Leaf, which allows people to run their own stores under his name.

CBD stores began to grow in Kansas and elsewhere. Burdett says they have added 25 stores this year alone, bringing the total to 45 confirmed seats.

Burdett says the 500-square-foot warehouse has more than tripled to 1,800 square feet. Three months later, there was an even bigger leap, as a 6,000-square-foot warehouse is now used exclusively for CBD products sold by its stores.

Such business growth is not normal. One of Burdetts’ stores in Houston opened in February, with sales of more than $ 120,000 through April. The first store in Houston began making just under $ 23,000 a month. In less than a year, that number has jumped to six digits, he said.

Forbes estimates that the CBD industry will exceed $ 20 billion in just five years. That’s something Birdett said he didn’t expect, but he’s definitely not struggling with.

CBD can be controversial because many equate it to marijuana and THC. Although under Kansas law, the CBD should not have any THC, Birdett says they still have obstacles. He says they can’t advertise anything on social media because sites like Facebook and Instagram shut them down thinking they sell drugs.

Leasing space is also a challenge, as is banking. Birdett says PayPal froze his assets and his current credit card company shut him down and confiscated $ 75,000. He says he knows it’s legal, but it’s a headache to educate those with prejudice while trying to run a business.

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