The CBD industry is booming right now, and for a good reason. There are so many potential benefits to using CBD products that it makes sense why the demand has increased in recent years. Read more about CBD here.
Hence, more and more people are starting to see the benefits of opening CBD retail businesses, too. Online shops, in particular, are gaining traction as of late.
If you are one of these people, you might be wondering how self storage can help your CBD business thrive! After all, many people do not realise just how essential self storage can be to any company.
Is It Legal To Store CBD Products In A Self Storage Unit?
Depending on where you are located precisely, the answer to this question varies.
Because most storage facilities have regulations against storing illegal goods in one of their units, it is essential to do your research and find out what the laws on CBD are in your state, county, city, or country.
For instance, in the United States, several states allow for recreational use of CBD, whether it be hemp-based or marijuana-based, as long as it is carried on one’s person and not more than an ounce at a time, while others have banned any type of CBD, no matter the purpose.
On the other hand, in the United Kingdom, CBD products are not regulated for so long as they do not contain THC, a substance that remains illegal for non-medical purposes in the country.
Despite these laws, though, it would be best for you to check with the storage facility you are eyeing if they will allow the storage of CBD products in bulk. This is because every facility will have different regulations regarding what you may or may not store in their units.
Finding The Right Storage Unit
Finding the perfect storage unit for your CBD retail business is just as tricky as it seems. After all, there are quite a lot of things you will have to consider before you can confidently say that you’ve found the right storage unit.
Fortunately, there are a few ways to make the search easy. For example, you may choose to look through online review sites to find facilities with the best ratings. You may also ask your friends, family, and peers in the industry for any self storage recommendations they may have.
If you’re looking to make it as less tedious as possible, though, an online self storage market like WhatStorage may just be what you need. On such sites, you will be able to quickly and easily find the perfect self storage unit based on your requirements!
How Beneficial Is A Self Storage Unit For My New CBD Retail Business?
CBD is often sold in different forms, including oils, tinctures, balms, capsules, creams, lotions, and edibles. That means, although they are infused with the same substance, each item will require a much different method of handling and storage.
If you’re planning on opening an online CBD retail business, this is where self storage can come into play! After all, from operations to storage, self storage can provide a business with many benefits!
To help you understand how exactly a self storage unit is beneficial for your new online CBD shop, check out the list we’ve made below:
Your Inventory Will Be Secure
If you’re running a small CBD retail business that doesn’t have much to offer other than online sales, you’ll want to ensure that all products are stored securely until a customer purchases them.
A storage unit is perfect for this, especially since self storage facilities always take pride in their fortified security and surveillance systems, safety protocols, and reliable personnel.
This also means that your items being subject to theft or any losses will be the least of your problems!
Your Prices Will Be Consistent (And Low)
Another benefit of self storage for your new online CBD retail business is that this scalable and very affordable solution will ensure that you never have to worry about the prices changing too drastically. Even if the demand increases, a self-storage facility has enough room to house more inventory without raising their rates, too.
You Can Ensure The Freshness and Potency Of Your Products
The key to keeping any CBD product fresh and potent is by making sure that they are not exposed to light, oxygen, and heat. With a climate-controlled self storage unit, you can store the items in a cool and dry environment that helps ensure the quality of your products.
It is important to note that not all edible products may be stored in a storage unit. After all, some items like baked goods, pastries, and the like will have ingredients that may affect their perishability. However, other edible items like hard candy, chocolates, and even cooking oil may stay fresh and potent for longer periods in storage, provided that they are properly packed and sealed.
Also, self storage units should not be confused with an offsite warehouse, which would have provisions to keep the items frozen or refrigerated. These are generally large warehouses where you can store your products in bulk and wholesale them out later.
Increases The Overall Efficiency Of Your Business
A storage unit does not only allow you to store and keep track of all items necessary for your company within a single area but also helps you make your business operations cost lower. After all, the cost of a storage unit is far cheaper than the cost of renting warehouse space or commercial space to house your inventory.
Aside from rent, you will also be saving up on other costs such as electricity, gas, and even employee salary and benefits. After all, with a storage unit, you’ll only need at most two other people to handle the receiving, packing, and shipping of goods.
Ease Of Accessibility And Convenience
One huge benefit that self storage units offer is the ease with which they are accessible and convenient. Here are some examples of the convenience and accessibility storage facilities offer:
- They are often located near major highways that allow them to be easily accessible from almost any area in your city or town.
- Some facilities stay open for as many hours in a day as possible to accommodate early morning and late-night customers. Some even offer 24-hour access! That means courier collections and stock deliveries may be scheduled as you see fit.
- Storage units are also highly flexible when it comes to leasing contracts and terms. For example, depending on how much inventory you have at a certain point, you may opt to downgrade or upgrade your storage unit without much hassle, and most of the time, without an extra fee!
- Other storage facilities can give you a choice between renting a unit indoors or outdoors. Some will even provide you with the choice between a unit on a lower level or an upper level, thus allowing you to decide which unit is best suitable for your intended purpose and storage needs.
Self storage is an economical, practical and convenient solution, even for up and coming business owners looking to break through a very young and controversial industry. So, if you are an individual who is looking to start an online CBD business and you require some help, a self storage facility might just be the answer to your problems. Meanwhile, here is a good read on the Misconceptions About CBD.