importing cbd into us

Importing cbd into us

The USPS has issued detailed guidance on how to legally mail hemp and hemp-based products. According to USPS regulations, CBD can be mailed provided the following two conditions are met:

The popularity of CBD-based products has skyrocketed in the US in recent years. CBD has experienced a meteoric rise from a virtually unknown compound to rock-star status in the health and wellness market. That’s excellent news for those interested in starting a business selling CBD-based products. The global CBD market is valued at $2.8 billion. But one question that often comes up is the legality of shipping CBD in the US and abroad.

Can You Mail Hemp Legally?

Selling CBD oils and other hemp-based products online can be a fun and profitable way to start an online business. But shipping CBD across state lines and internationally comes with some important caveats. Knowing and following the regulations for legally shipping CBD oil and other CBD-based products will help keep you on the right side of the law, saving time and money in potential legal headaches and ensuring your company prospers.

Can You Mail CBD Oil Legally?

In this post, we’ll explain how to ship CBD oil across state lines, the legality of shipping CBD-based products nationally and internationally, regulations for USPS and private shipping companies, and how to properly package products for mailing.

Importing cbd into us

A glut of U.S.-produced CBD and consequent low prices makes sourcing CBD domestically appealing in the short-term, and profit margins at many manufacturers of CBD products are wide enough that reducing the cost of their key input is not an immediate need, Fagan said in an interview. But Fagan expects CBD isolate prices to rise and competition among CBD players to narrow margins over the next 12 to 18 months, providing incentives to cut supply chain costs.

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Looking abroad for CBD comes with challenges. Hemp is no longer a controlled substance in the U.S., and a March district court ruling suggested that U.S. Customs and Border Protection, or CBP, could not seize shipments of dry hemp entering the country.

Initial shipments have been small: U.S. hemp distributor and refiner General Extract LLC, for instance, said in September that it would buy C$3 million worth of CBD isolate from Toronto-based PharmaCielo Ltd., which cultivates hemp in Colombia. But industry experts say that the cost savings of sourcing CBD abroad could give it a leg up over domestic sources in the long run.

“A cost advantage” for the future

The result is cheaper hemp. Dziedzic said the company can source dried hemp flower from Colombia for between 5 and 20 Canadian cents per gram — lower than the price of C$1 per gram that the company would pay for a similar product from Canadian sources.

In the U.S., about 30% of CBD products sold are derived from imported hemp, according to Brightfield Group, a market research firm that focuses on CBD and cannabis. While the U.S. is expected to be the largest producer of hemp by acreage devoted to the crop in 2019, China is a close second, followed by smaller producers ranging from Ecuador to Romania.

The number of companies sourcing CBD outside of the U.S. and Canada is likely to increase over the next year-and-a-half as companies learn more about how the U.S. Food and Drug Administration will regulate the compound, said Robert Fagan, an analyst with GMP Securities. While CBD technically remains illegal at the federal level and unregulated by the FDA, several states have passed laws allowing sales of products containing the cannabinoid.

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