Wholesale Marijuana Dispensary Suppliers
Wholesale Marijuana Dispensary Suppliers to independent specialty stores focus on satisfying the store’s needs in what type of products their customers demand. Retailers want a product that has been established and will sell quickly. Contacting local Wholesale Marijuana Dispensary Suppliers is a good first step to get a feel for what products do well in that market.
Finding a wholesale distributor or wholesale supplier who already has an established relationship with independent retailers is essential. The wholesaler and retailer relationship is important in product placement in retail stores. If a wholesaler has a good reputation with a retailer the process of getting products into the store is a lot smoother.
Building a relationship and a positive track record is a very important part for the distributor. It is important for the distributor to do some research on what kind of specialty products do well in each store, which can be dependent on where they are located. If a product does well in one retail store the likeliness the wholesaler will recommend it to other stores is high. In independent retailers and stores in general it is all about shelf space and what sells well will claim that shelf space. Products that do not, will be given less space or no space in order to move in a new product that sells well.
Wholesale Marijuana Dispensary Suppliers look for products that are innovative and will set them apart from competitors. So, new products have a better chance of making it into an independent wholesaler that works with independent retailers vs. a big box store. A wholesale supplier will have a stronger personal relationship and knowledge with products compared to big box stores as well. This is beneficial to everyone involved because having knowledge about the product in stores will improve sales.
In order to get a product into a wholesale specialty market contacting the correct supplier is the first step. The next step would be sending samples and other pertinent information to that wholesaler if requested. They like to see proof of sales and selling points of that product. Communicating about price points and minimum order quantities is very important. If the distributor likes the product and thinks it would be a good fit for their route they will purchase the product.
If the product does well in stores, the wholesale supplier will continually order more. Proof of sales will bring more orders and getting in contact with other distributors, wholesalers and suppliers in other parts of the country is the next step. A product with proven sales in a few independent specialty stores will make its way to independent retail stores all across the nation through different distribution channels. Establishing and building relationships with distributors and wholesalers is the best way to get products into retail stores.
Top 6 Wholesale Marijuana Dispensary Suppliers
With the legalization of marijuana in most states of the United States, there are more marijuana dispensaries opening up in several spots in the Country.
It is well to note that the marijuana industry is a multi-billion dollar industry within the legal and illegal societies. Its growth is projected to be exponential. With the increase in the number of states legalizing the use of the plant, there are several products with marijuana additives on the shelves. From beverages, to cosmetics, to food seasoning and several other variants have hit the shelves in various retail outlets where it is legal to publicly sell them. This acceptance has also brought in a wave of companies and products to satisfy the use of marijuana users. This increases the choice available to the average user of marijuana. It used to be hard to get vaporizers and its variants but with stores and retail websites largely dedicated to marijuana, there is more than enough in the market and the competition is getting tough.
Here is a list of Wholesale Marijuana Dispensary Suppliers:
Pure Hemp CBD
Pure Hemp CBD sells 100+ premium CBD products. All of their Medicinal CBD Hemp products are non-GMO, 100% Organic, THC free, CO2 extracted, and third party lab tested, made in a GMP facility and cruelty free. Their products are the perfect addition to your store. They are in 500+ stores nationwide and are capable of shipping right away.
Oliver’s Harvest CBD by Coast to Coast Natural
Olivers Harvest is bringing 30 years of knowledge in healthcare to the CBD industry. Its CBD products have been recognized for their quality and effectiveness in the CBD market since day one. Oliver?s Harvest takes CBD products to a pharmaceutical level of high standard. It also offers a wide variety of CBD products and a line of CBD products for pets.
American Hemp Oil – CBD
To make CBD Oil more accessible to the public, this company offers a high-quality THC-Free Broad Spectrum CBD product made with the best Hemp Terpenes on the market. All of their products are Full-Panel, 3rd-Party lab tested for purity.
Loyal Leaf CBD
Loyal Leaf CBD creates premium, superior quality hemp-based high CBD products that are 3rd party tested by ISO certified labs. It offers product transparency, outstanding customer service and a 100% Satisfaction Guarantee.
Life Patent, CBD
These are professionals at unlocking the natural medicinal properties of CBD. Life Patent offers retailers and clinics the purest, most effective and consistent wholesale CBD products. The company also offers CBD tinctures for humans and pets, deodorant, topical, and many others.
Gen 1:29 CBD oil Products
Gen 1:29 Offers a wide array of CBD products that include CBD oil, CBD body cream, CBD lip balm, CBD bath bombs, CBD coffee, rootbeer CBD tinctures, CBD jelly beans, CBD pain relief cream, CBD pet products, CBD sports and nutrition CBD Pain roller and more! Min order $300
Here are the 6 steps you need to take to have your product picked up by a supplier.
1. Start with the right questions.) Before you try supplying your product, you need to ask yourself a few basic questions. Do you need to build demand for your product, or is there already a demand for it? Do you know that the supplier would be interested in selling your product? If you can strike a deal with them, can you handle the production volume? Do you want to sell directly to the supplier, or do you want to license your product to a manufacturer that will handle supply?
2. Be prepared to profit.) Does your product offer enough of a profit margin for a supplier? Can you sell your product at a reasonable enough profit to cover the packaging, shipping, commissions, marketing and wholesale supply? Check the supplier’s guidelines for other fees that you will have to build into the cost of your product in order for you to be able to turn enough of a profit to make the effort worth your while. If you work with a discount retailer, they will try to strip your profits down to zero in order to keep their prices as low as possible.
The typical breakdown of margins are: If a products costs $1 to produce, that product will retail for $4. That product that retails for $4 will wholesale for $2 to suppliers and stores that purchase direct. Big box retailers like Walmart may offer to pay $1.25 to the manufacturer if the product costs $1 to produce. That is the typical profit margin.
3. Determine if the supplier is the right one for your product.) The relationship between you and the supplier starts with you browsing the store’s that they service for competing products. If the stores already has a similar product, it is going to be very difficult to get your product picked up. Picture in which zone your product would best fit on the shelf and keep in mind that the most precious asset that these big box stores value are their shelf space. Keep this information in mind when you are preparing your presentation to the supplier.
4. Pitch your product.) Decide whether it will be you or a representative to present your product to the supplier. Your presentation depends heavily on your strengths as a businessperson as they will most likely ask financial questions and logistics questions.
It’s common for companies to hire a broker to pitch their product to a supplier, as it will be more likely that your product will make it to the next stage if the individual pitching your product has industry knowledge or a personal relationship with them. The percentage of commission verses, however generally a broker will take around 5% to represent your product.
We at Mr. Checkout have experience dealing with brokers and know that there are several retail brokers that have poor business practices that can potentially damage your brand. If you are seeking a legitimate broker, please give us a call for a recommendation. It could save you a huge headache and a lot of money.
5. Complete the required paperwork.) Often a supplier will have you go through an application process. However, before submitting the paperwork required, you should contact them and let them know your intentions. Having a contact inside of the company will potentially move your application more smoothly through the process.
6. Anticipate the need for increased volume.) Having a supplier pick up your line will most likely mean a significant increase in volume. You should be prepared to ramp up your production and informing your manufacturer of this opportunity.
Having production, logistics and supply to sync is not only difficult, it requires a significant amount of time invested in customer relations. Also, suppliers may have stipulations in the contract that may penalize you for delays in shipping and production. Have an attorney explain all contracts to you if you don’t understand the terms.
If you’re looking to distribute your product through a supplier, be sure to thoroughly assess the marketplace, carefully prepare for production growth, and take full advantage of resources available to help you grow your business.