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Common Factors & Problems in the Hemp Supply Chain
Common Factors & Problems in the Hemp Supply Chain
In each supply chain, there are challenges. Especially where hemp/CBD is in consideration, the regulatory landscape has tough limitations and rules. Each month, the scenario changes as new regulations and guidelines are put in place, requirements change, and laws are passed.
WherezHemp, an online directory site for your hemp business with a huge network of farmers, processors, manufacturers, wholesalers, distributors, and retailers, has put forward some factors involved in the hemp supply chain.
The list starts with getting a license for farmers, processors and labs. Farmers, geneticists, labs, and manufacturers must know local, state, and federal regulations regarding CBD and hemp products. Besides, you ensure that the product comes from a reputable and quality supplier who follows all guidelines and rules.
Most importantly, ensure that the product received at any level of the chain supply is of the highest quality. The quality shouldn’t be compromised at any cost and must meet the standard guidelines and regulations. Furthermore, obtaining the necessary insurance for the CBD and hemp-based business also plays a key role. Another common factor in the hemp supply chain is to meet the growing demand for CBD and hemp-based products at the consumer, retail, wholesale, and manufacturing stage.
Make sure those quality raw materials leads to the production of a quality finished product. Also, develop and innovate new products to meet the rising consumer demand.
In addition to the factors, there are potential problems in the hemp supply chain. Some issues can arise with farmers, geneticists, retailers and consumers. Farmers and geneticists are faced with many problems with crops and hemp seeds. There is still a lack of enough processing facilities and labs to meet farmers’ needs. In addition, hemp crop quality can influence the quality down the supply chain to the ultimate product.
Besides, a failure to comply to state and federal regulations can disrupt the supply chain. Finding customers, processing bottlenecks, banking, insurance, taxes, and licensing are some other potential problems that can occur in the hemp/CBD supply chain.
WherezHemp is at the center of the CBD supply chain as their experts work with businesses at every phase of the process. Their team of experienced, educated professionals makes it their job to keep them updated in the hemp industry. WherezHemp hosts one of the largest groups of networks on LinkedIn for Cannabis and CBD professionals with more than 13k members. They have carefully curated and vetted a directory of hemp-industry professionals. They make it their business to know everything about the CBD/hemp industry that influences your business. Their experts help save your money and valuable time so that you can concentrate on your hemp/CBD business.