CBD Oil Companies Expansion

Last year, we talked about the growing trend of local CBD companies on the rise, and we want to revisit this topic as more national CBD companies are expanding in 2020.  No doubt, CBD oil is here to stay, and with the start of a new decade, many entrepreneurs are looking to the hemp oil market trend as an industry that is ripe for innovation.

National CBD Strategies

National companies share some unique advantages compared to local-based CBD companies.  Besides proximity-- as a national CBD company can serve more people nationwide-- national companies also are able to be in better positions to spot market trends in the aggregate.

One national CBD company is actually launching a call center to capitalize on this market opportunity.  In their strategy, they are likely starting new relationships with local-based CBD companies in order to build a client base to supply CBD products in-store.

Future Implications

 As more national CBD companies enter the marketplace, competition increases.  With more competition, more companies will employ different strategies for selling CBD products.  This implication will likely result in lower prices for CBD oil products and standardize the innovation of new CBD products in the future.