Online Stores For The CBD Industry

Online Stores For The CBD Industry

Online stores for the CBD industry with Mark William Lewis Founder/CTO of Netalico Commerce. Our next guest specializes in web development of online stores for the CBD industry. With eight years of eCommerce development experience working with Magento, Shopify, and WordPress design. Netalico Commerce helps eCommerce companies grow their businesses for years through smart development and data-driven design. National Retail Foundation reports sales from CBD-based products are expected to increase by 700%, making it a near $5 billion market. With a variety of retailers (from lifestyle and beauty to food and beverage) infusing CBD within their products, this is a trend to keep top of mind in the year ahead. While the future of eCommerce can yield many uncertainties, one trend stands out. Success is inherently tied to anticipating the changing preferences of consumers and delivering an experience consistent with their wants and needs.

According to the report from the Los Angeles Business Journal, High Times is trying to reverse the $11.9 million net loss it suffered in the first half of 2019 — which makes retail not only an interesting proposition for that brand but perhaps even a vital one. The idea is to create what the company’s executive chairman was quoted as calling a “multifaceted cannabis brand company that will now ‘touch the leaf.’ We will focus on high-margin business segments, including flagship dispensaries, licensing relationships,” along with eCommerce and delivery. According to the report, High Times’ eCommerce will be channeled through its online sites, hightimes.com and 420.com, and via its social media accounts. In addition, the new venture promises “Instacart-like same-day delivery service.” Since Hemp was removed from Schedule I of the Controlled Substances Act, the CBD products market has exploded. Today, CBD is infused in everything from hair gel and toothpicks to personal lubricants, hand sanitizers, and even bed sheets. Despite being sold on shelves and online, CBD dietary supplements and food are still not legal according to the FDA.