Are you thinking about investing in a Delta 8 THC business? We’re here to give you all the information you’ll need to make a decision. Delta 8 is becoming highly popular since the 2018 Farm Bill. The hemp industry has seen a boom and more and more users are now switching to Delta 8 compared to its highly psychoactive cousin, Delta 9 THC.
So, should you invest in a business that deals in Delta 8 products? Let’s find out!
What is Delta 8 THC?
Delta 8 Tetrahydrocannabinol is the younger, less psychoactive cousin of Delta 9 THC. Although the two are extremely similar in chemical structures, the placement of their double bond sets them apart by a mile.
Delta 9 THC has a double bond on the 9th atom while Delta 8 has a double bond on the 8th atom. Although many Delta 9 THCbenefits and Delta 8 THC benefits are similar, the high is quite different. Because of the location of the double bond, Delta 8 is comparatively a more stable compound- though found in fewer concentrations.
Both Delta 8 and 9 are compounds derived from the cannabis plant. They both act as an aid for health issues such as anxiety, depression, eating disorders, insomnia, and chronic pain. However, Delta 9 THC has been associated with things like paranoia, which is alleviated by Delta 8.
When it comes to the legality of Delta 8, it is quite complex because it differs from state to state. In the 2018 Farm Bill, any cannabis plant and its products that contain less than 0.3% THC are considered federally legal.
Some call it a loophole while others see it as an uninformed decision, either way; there are no set rules and regulations for Delta 8 THC. However, since its rise, some states have explicitly banned Delta 8 for both suppliers and users.
Before you decide to invest in Delta 8 THC, it’s important to check its legal status in the state of your residence.
Delta 8 has been gaining a lot of popularity and attention in recent years. More and more people are switching to Delta 8 because the high that you get from this compound is very mild.
Marijuana and related products are especially gaining attention from the older Americans, aged 65 and above. In just three years, from 2015 to 2018, the consumption of marijuana amongst senior citizens went from 2.4% to 4.2%.
Although it is difficult to predict the future of Delta 8 THC, many experts believe it is a promising new product in the hemp industry.
The marijuana industry has been rapidly increasing and Delta 8 THC is the first in line of many more compounds to come. A cannabis plant has over 140 compounds, three of these are now known to you; Delta 8 THC, Delta 9 THC, and CBD [cannabidiol].
However, this loophole is not the end and there are almost a hundred new compounds to be found and explored. Two such products are already being considered by industry experts. However, given the legal complexities and issues, you should be prepared to combat any situation with your Delta 8 business.
Much like Delta 9 THC, Delta 8 THC is also available in a variety of forms. You can sell a wide range of Delta 8 THC gummies, experiment with flavors and create an SKU based on your customers’ preferences.
In addition to this, you can also include other THC edibles like mints and THC oil, which is popular amongst vape users. The Delta 8 industry will give you an opportunity to work with a variety of products. The line of products keeps changing, depending on the demand. So, you will be required to keep up with the changing buying patterns of your customers.
Things to Consider
Before you make an investment in a Delta 8 THC business, here are some things to assess and evaluate:
- Is Delta 8 THC legal in your state? Even after checking the legal status initially, you will have to keep a tab on any related news and updates.
- Is there a demand in your state for Delta 8 products? Assess and evaluate how your target audience perceives Delta 8. Are they informed? Or will you need to create awareness? You will have to make a business plan based on these factors and the information available to you.
- Does it make sense? Check potential competitors and market barriers to see if the profits make sense for you. Get in touch with some industry experts and evaluate profit margins.
- Will it give you a competitive edge? Delta 8 is growing extremely popular, but it’s still not as widely available in the market. So, making Delta 8 THC available in stores and online might prove beneficial for your business.
We Can Help
Did you find this information useful? Remember there’s a lot more to learn about the Delta 8 industry. It will help if you made a decision after evaluating each and every tiny detail. Invest an amount that won’t burn a hole in your pocket, start slow, and build your way up.
We are a business dealing in Delta 8 THC products, including THC gummies, THC oil, THC edibles, and THC flowers, and we can help you!
Contact us and let us know how we can assist you. Will you be investing in Delta 8 THC? Let us know how we can help!