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Their main competitors are other CBD franchises like CBD Authority and CBD American Shaman. They also compete with the recreational marijuana industry, which is only legal in a handful of states but is also expected to grow over the next several years. The initial Franchise Fee is $5,000. You have to pay this upfront fee when opening a Your CBD Store franchise. The estimated total investment necessary to begin operation of one of their franchise ranges from $66,350 to $82,450. The following costs are part of the upfront costs included in the initial investment in a Your CBD Store Franchise. Many of these are one-time fees that are needed to launch the franchise. Owning a Your CBD Store Franchise Requires Ongoing Fees. Advertising Fund Fee: 3% of wholesale product purchase costs Local Advertising: At least 3% of gross sales per quarter Royalty Fee: 2% of the wholesale cost of products None of the Your CBD Store locations opened their doors until 2020, so its franchising company did not record any operating income in 2019. The franchising company recorded $66,571 in total income in 2020 but since total expenses amounted to $109,320, the operating income was actually a deficit of $42,749. Most of the expenses ($96,842) are accounted for by legal and professional fees, which can be viewed as more of a short-term expense that can go down over the next few years as the legal questions surrounding the CBD industry get resolved. The CBD industry is still new and while it has grown tremendously over the last few years and has the potential for further growth, there is still a lot of uncertainty surrounding its future. 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Learn more about the benefits of hemp seeds and recipes: http://draxe.com/7-hemp-seed-benefits-nutrition-profile/ *This content is strictly the opinion of Dr. Josh Axe, and is for informational and educational purposes only. It is not intended to provide medical advice or to take the place of medical advice or treatment from a personal physician. All viewers of this content are advised to consult their doctors or qualified health professionals regarding specific health questions. Neither Dr. Axe nor the publisher of this content takes responsibility for possible health consequences of any person or persons reading or following the information in this educational content. All viewers of this content, especially those taking prescription or over-the-counter medications, should consult their physicians before beginning any nutrition, supplement or lifestyle program.Determining the Ideal Dosage: How Many CBD Gummies Should You Take for Anxiety Relief?I need to test negative for a drug test in about two weeks! I’ve been vaping hemp flower at 0.3% THC for about 6 months non stop. I applied for a job i really been wanting and turns out they want a negative drug test. I’m going to do my best to clean myself, hopefully I will pass. Ill be using the easy@home single drug test screen to monitor my progress, I’ll show you guys the results in the next videos. I’ve heard that if you can test negative on those there’s good chances you can pass a lab test. I’ll find out myself and share my experience with you. Subscribe to know what happens. I do not have any sponsorships of any kind and my reviews are completely unbiased. 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