The complexity and cost of obtaining cannabis licenses have many brands turning to white-label branding. White labeling, a practice common among mainstream businesses, is when a product is produced by one company but packaged and branded to make it appear as if another company made it. For example, many products sold at Whole Foods Market under the 365 brand were not made by Whole Foods at all. Instead, the national grocery chain has various companies that produce the items for Whole Foods to sell under its 365 label. TDaniel Yi, managing partner, and chief strategy officer of Bellflower, California-based product maker Inanna Manufacturing, said opportunities for white-labeling in the cannabis space are great because few companies are doing it. Many entrepreneurs have ideas for brands and would like to get into the cannabis industry, but they are unable to do so because they can’t get a license, according to Yi.
Marijuana Business Daily, 11/08/2020 11:00:59
Open article: https://mjbizdaily.com/how-to-enter-the-cannabis-white-labeling-business-and-control-the-supply-chain/