Because of the popularity of CBD products, the industry is also being hit hard by record-breaking inflation caused by supply-chain pressures. According to Hemp Industry Daily, competition across the THC spectrum is forcing cannabis entrepreneurs to drop prices on everything from vapes and hemp flowers to wholesale cannabinoid isolates, just as they are paying steep markups for inputs from fertilizer to solvent to plastic packaging.
Because of this, while prices in most other categories will increase across the board, cannabis companies are continuing to lower their prices. According to sales metrics tracked by Chicago analytics firm Brightfield Group, which tracks nationwide CBD sales, consumer CBD prices ticked down in 2021 and shoppers were more likely to choose CBD product formats with lower price points, instead of higher-concentration formats such as tinctures.
The battle is never-ending for retailers, no matter what types of products you sell. That is why small businesses need to keep up with the competition and continue to offer affordable CBD products to hungry customers. Here is a list of some economically-priced merchandise that will stand out in a sea of common items that are sold everywhere:
With six different flavors to choose from, these delightful fruit juice blends are infused with 100 mg of CBD each. Since the company creates their own formulations and tinctures for the juices, this is a unique product that cannot be found anywhere else. Different flavors include Aloha Punch, Blueberry Mint Artesian Tea, Carrot Turmeric, Mango Ginger Pineapple, Peach Lemonade, and Strawberry Lemonade.
MoyoLove Juice Joint
Made from organically grown hemp, these CBD gummies work great for tension relief, enhanced mental clarity, healthy sleep, as well as muscle and joint recovery support. Available in 7ct and 30ct bags for convenient travel, they are perfect for storing in bags for a weekend adventure. These gummies come in cherry, lemon, and raspberry assorted flavors.
With both CBD and CBG infused in this tincture, blueberry terpenes and blueberry natural flavoring are mixed with monk fruit to give it a delicious taste. It works great for those who need to focus or for any other occasion where users need to calm down. This oil will not disappoint your taste buds.
Infused with 125 mg of full spectrum distillate, this magic brownie sure packs a big punch. They can be easily placed near the register as an impulse buy and your customers will love the great taste.
Hemp Trails CBD
This double chocolate brownie mix contains 1,600 mg of Delta 8 THC per container, and delivers 100 mg per dose. Now, consumers can make their own delicious brownies that will help them relax and enjoy a night in.