Impact of Coronavirus on Wholesale Hemp Market

Though it started in China, the effects of the novel coronavirus are resonating throughout the world. Can the coronavirus outbreak affect the supply of Chinese CBD coming into America? What will the impact of Coronavirus have on World Wholesale Hemp Industry? Can it affect your local CBD Business?

Let’s take a more in-depth look into the issue to find out.

The Death Spell Spreads

Since its outbreak, the novel coronavirus has claimed the lives of over 2,000 people, and the death toll is continually on the rise. However, it’s not just people are who are danger. After infecting thousands of people in China and the surrounding areas, the virus is slowly starting to kill businesses too.

Considering the millions of Chinese in quarantine and even more living under strict travel and work restrictions, this had to happen. The reduction in manpower and disruption in day-to-day activities is affecting business operations not just in China, but worldwide.

So, where do hemp-related businesses fit in all this?

Coronavirus and Chinese CBD Coming into the U.S.

Over the past few years, Chinese goods and services have become the backbone of several industries across the world. The CBD and hemp industry in the U.S is one such example. Although hemp harvesting is booming in the U.S., thousands of tons of wholesale hemp is imported from China nonetheless.

According to Hemp Industry Daily, the U.S. imported about $3.3 million worth of hemp from China last year. Plus, various manufacturers of CBD-related products such as vaporizer companies and wholesale CBD suppliers obtain their supplies from China.

This means that even a slight hiccup on the end of Chinese suppliers is bound to lead to major repercussions for businesses in America.

The Impact of the Killer Outbreak on Wholesale Hemp Products

Let’s not beat around the bush. If you just put two and two together, you will realize that the killer outbreak in China is sure to benefit hemp farmers and producers in the U.S. However, it’s a different story for cannabis vaporizer, wholesale and white label CBD manufacturers.

The CBD vape industry is, in essence, a hardware industry. China produces most of the vaporizers, vape cartridges, and batteries sold worldwide. Therefore, the outbreak is adversely affecting the availability of these products for CBD users in the U.S.

CBD Wholesalers and White Label Manufactures will see an increase in production cost because most of their tincture or oil drop bottles, containers, vaporizers and even some ingredients are straight out of China!

Good News for CBD Business and Consumers

However, the good news is that vaping and tinctures are not the only way to leverage the health benefits of the cannabis plant. CBD gummies, topicals, CBD Massage oils, CBD Flower, pre-rolls (or even in male enhancements pills🙂 are some of the many ways you can consume hemp extract.

If you are worried about the impact of the coronavirus on the availability of wholesale hemp in the U.S, you need not worry. We know the solution to that as well.

World Hemp Enterprises

If you are looking for a place to buy and sell wholesale hemp products, look no further than World Hemp Enterprises.

Specially designed to cater to CBD dealers, the platform is the ultimate hemp exchange. It helps qualified hemp traders make safe and secure online transactions with verified partners.

Here, you can buy premium-grade wholesale hemp for bulk use like manufacturing your own line of CBD products. Or you can even sell hemp flower if you are a hemp farmer or harvester searching for a profitable market for their produce.

The long-term effects of coronavirus outbreak on the hemp industry are not known. However, we can say one thing with confidence.

With World Hemp Enterprises, you will never have any difficulty in finding high-quality wholesale hemp products.

Whenever you need, wherever you need; premium-grade wholesale hemp is just the click of a button away.

If you’re looking for pure CBD oil, check out Cannabliss Farmacy!