Cbd Business

How Much Money Do Cbd Businesses Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, CBD businesses can make between $3,000-$300,000 per month.
The average revenue for a successful CBD business is $84.9K per month.
The highest grossing CBD business in our records makes over $3,600,000 per year.
Cbd business owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting a CBD business?

And now you're wondering how much CBD business owners actually make...

Well, let’s dive in!

Here are example of real CBD businesses and how much money they make - as reported by the founders themselves:

1. Beyond Botanicals ($3.6M/year)

Mark Maher, co-founder of Beyond Botanicals, had a background in sales and a passion for health and education. When a client asked if they could make CBD oil products, Mark dove into researching CBD's potential benefits and knew it was a product that could truly make a difference. Alongside his co-founder, Jake Firmender, they started their own CBD business, focusing on providing Private Label CBD services to other startups. Despite facing challenges in payment processing and advertising, they quickly gained traction in the industry and achieved impressive revenue growth, reaching over $3M in annual sales.

How much money it makes: $3.6M/year

2. Plain Jane ($3.3M/year)

Plain Jane, the ultra smooth and low odor Hemp CBD flower and cigarette company, was started by college roommates Evan and Duane. The idea came from their desire to create less smelly weed products that don't cause coughing. Within 5 months of starting to sell, the company is generating over $20K a month in sales and has customers in 47 states and 12 retail locations.

How much money it makes: $3.3M/year

3. Populum ($2.64M/year)

Gunhee Park, the founder of Populum, came up with the idea for his direct-to-consumer CBD oil brand after experiencing a poor shopping experience in the CBD oil market. He recognized the opportunity to create a high-quality brand that reframed how people view CBD, offering trustworthy products with stellar customer service. Through manual strategies like word-of-mouth and engaging with individual blogs and forums, Park organically grew his business, which now boasts a monthly sales of $220K and an impressive $3M ARR.

How much money it makes: $2.64M/year

4. CannaFacturer ($888K/year)

Jackson Jesionowski, the founder of FullBodyZen, came up with the idea for his CBD/HEMP manufacturing company after experiencing a serious snowboarding accident that left him with cognitive impairment. Through his research, he discovered the potential benefits of CBD for reducing swelling and decided to create CBD Pods compatible with the Juul. The initial success of these pods led him to expand his product line and generate $17K in monthly revenue within just 8 months.

How much money it makes: $888K/year

5. CaliConnected ($840K/year)

Nassir Silwany, Co-Founder of CaliConnected, came up with the idea for the online headshop marketplace after realizing that the cannabis equipment industry was untapped by large retailers like Amazon. With his background in the retail industry and knowledge of the cannabis industry, Nassir saw an opportunity to create a trustworthy and customer-friendly platform for smokers looking for quality smoking accessories.

How much money it makes: $840K/year

6. Dope Dog ($360K/year)

Michael and Erin, the co-founders of Dope Dog, came up with the idea for their business when their dog, James, needed a natural alternative to the medicine he was prescribed after ACL surgeries. They started supplementing with CBD and saw incredible results, which led them to create a line of CBD products specifically designed for dogs. Since their launch in 2017, they have grown organically and are currently generating $18,000 in monthly revenue.

How much money it makes: $360K/year

7. Gold Spectrum ($300K/year)

Yanet Caliz, CEO and founder of Gold Spectrum Lifestyle CBD Brand and Silk Bombs CBD Spa Products, came up with the idea for her businesses after experiencing the incredible benefits of CBD first-hand. After seeing the market flooded with low-quality products, she decided to create her own high-quality, all-natural CBD brand. Since launching in the middle of the pandemic, her businesses have seen impressive success, with an average monthly revenue of $20,000 and plans to expand to platforms like Facebook, Instagram, and Amazon in the future.

How much money it makes: $300K/year

8. Popped.NYC ($240K/year)

Lauren Forsch, the founder of Popped.NYC, came up with the idea for her CBD business after opening an artist cooperative and realizing that people were willing to spend money on handmade, natural products like body butter. She saw a gap in the market for a topical CBD product and decided to create her flagship CBD body butter. Despite setbacks from COVID-19 and being in a stigmatized industry, Popped.NYC has had months where their sales revenue topped $20,000.

How much money it makes: $240K/year

9. CBD Store of Michigan ($240K/year)

Rod Glupker, the founder of CBD Store of Michigan, came up with the idea for his business after experiencing firsthand the pain-relieving benefits of CBD. His wife introduced him to CBD, and after researching and attending seminars, he started recommending it to friends. As demand grew, he began wholesaling CBD products and eventually decided to quit his job and launch his own storefront and website. Despite challenges with advertising and regulations, the business has continued to grow and plans to open more stores in the future.

How much money it makes: $240K/year

10. Healing Harbors ($216K/year)

Stacy Moore, a former Coast Guard helicopter mechanic, discovered the potential benefits of hemp and cannabis while providing home healthcare. After formulating a cream that drastically improved her client's mobility, Stacy founded Healing Harbors to offer thoughtfully made hemp products and educate others about the potential of natural remedies. The company has since grown, with products manufactured in-house and a focus on high-quality ingredients and customer satisfaction.

How much money it makes: $216K/year