One of the primary obstacles of CBD business is the fear of legal prosecution. Although CBD edibles and CBD medication are legal in most places now, certain places still hold it illegal. Therefore, getting lump sum amount of bank loans becomes problematic. Because CBD edibles are made with Cannabinoid compounds extracted from Cannabis plants, most people assume that these are similar to Marijuana. It is just a very basic misconception. But, this misconception and legal problems are two obstacles that CBD production houses must deal with. At present, the common misconception about CBD edibles has decreased about the public, thanks to the internet. A lot of people are now interested in CBD because of its quality of healing or reducing physical and mental pain. Noticing the rising demand of CBD in the market, the suppliers are now interested in CBD crowdfunding. Because of social media, crowdfunding is a popular way of arranging money now. Crowdfunding is a people’s fund where a large number of people donate mon
ey in exchange of share in the business of in the promise of something.
CBD crowdfunding is an effective way for the suppliers to get money to run the business and the customers to donate some money in promise of regular discount or free sample offers. Many websites these days have provision of CBD crowdfunding where interested people can donate money. These are some of the most visited CBD crowdfunding websites:
1. Hikurangi Hemp Company
This is a New-Zealand based CBD company which focuses on producing CBD medication which is in high demand now. They run their business through equity crowdfunding. They also promise to deliver legal CBD products which are made from Cannabis plants they grow themselves. Their target initially was to raise about 2 million dollars. They were working through the New Zealand crowdfunding site called PledgeMe.
Cannakorp is another crowdfunded Cannabis company which produces and supplies CBD products. They pride on producing world’s first, single-use, herbal vapourizer. They aim to raise about 1.07 million dollars through crowd funding.
3. Confident Cannabis
Confindent Cannabis is famous for dealing in wholesale supply of Cannabis products. This company is leading in the CBD crowdfunding as it received a 12 million dollars worth of fund through Series A funding this year.
This is another Cannabis company that is trying to expand its business through crowdfunding. It has combined traditional capital with crowdfunding to get the best results. It has through Series A funding has accumulated about 15 million dollars.
Leaf is a CBD production company which believes in combining tradition capital and crowdfunding. They think that crowdfunding also makes it possible for their business to reach more customers. A fresh plethora of subscribers have subscribed to their websites after they have launched the crowdfunding system. It has made their relationship with the customers more organic.
Crowdfunding provides just another provision for making CBD products popular and capitalize on CBD products. It also does not have the problems of legality issues.