Key Takeaways:
- The first step is understanding what delta 8 cannabinoids are and how they work
- Advantages of getting into the delta 8 drinks business include low overhead and high markup, high value to the consumer, and a wide customer base
- Barriers to success for your drink brand include startup capital, understanding the market, partnering with the right team, and developing your branding
- Finding the right formulation and manufacturing partner can make all the difference
- Benefits of working with the formulation and manufacturing experts
Launching a delta 8 drinks brand can be a daunting task. There are so many moving parts, from the initial formulation and manufacturing to the marketing and sales. Working with a beverage formulation and manufacturing expert can help you streamline the process and get your product to market quickly and efficiently.
A true expert will have a deep understanding of delta 8 cannabinoids and how they interact with the body. They will also be able to formulate a delta 8 drink that is safe, effective, and delicious. A reputable expert will also have a network of distributors, making it easier to get your product to stores and online retailers. Working with an expert gives you the tools to launch your drinks brand with confidence, knowing you have the best possible chance for success.
This guide will discuss how you can get started in the delta 8 drink business, industry advantages and mistakes to avoid, and the benefits of partnering with formulation and manufacturing experts to ensure the success of your brand.
What Is Delta 8?
Delta 8 is a mild cannabinoid naturally found in very small amounts in Cannabis sativa plants or manufactured from hemp-derived CBD, making it legal to farm across the United States. It is much milder than the THC typically associated with marijuana and doesn’t have the same intense intoxicating effects, but it does have many of the same potential benefits as high-THC and CBD products. Research has indicated it may also have fewer side effects due to its milder impact. Some of the positive benefits and effects include:
- Relaxation
- Euphoric feelings
- Pain relief
- Relief from inflammation
- Nausea relief
- Boosted appetite
- Prevent vomiting during chemotherapy treatments
- Positively aid mental health
There isn’t a great deal of explicit proof of the efficacy of delta 8 due to a lack of scientific research, but there is plenty of anecdotal evidence. It has grown immensely in popularity over the last few years and in fact, Google searches for this cannabinoid grew by more than 700 percent in the United States between 2020 and 2021. Starting a delta 8 drinks brand has major advantages in today’s beverage industry. Consumers are increasingly drawn to these products as the mild cannabinoid grows in popularity.
Advantages of Getting into the Delta 8 Drinks Business
The market for delta 8 products is booming, and there are many advantages to getting into this business. It’s important to weigh the pros and cons of starting your own delta 8 drink brand, so you should consider these benefits of getting into the industry:
Delta 8 has a Low Overhead and High Markup
THC-related products typically sell in the market at a much higher cost than non-THC products, and this is true of the delta 8 beverage industry as well. Consumers are willing to pay much more for these types of products, even though the cost of manufacturing them can be quite low if you find the right manufacturing partner.
High Value to the Consumer
One of the main reasons product retailers can charge higher prices for their products is because of the value these drinks bring to the consumer. These beverages can provide relief from pain, inflammation, nausea, vomiting, depression, and a host of other ailments. These claims are not thoroughly proven due to a lack of scientific research and clinical trials, but consumer reports state that delta 8 drinks made a difference in the overall comfort of the consumer, promoting increased feelings of calmness and well-being.
Wide Consumer Base compared to other products
The milder effects of this cannabinoid mean it has a much wider customer base than traditional cannabis products that have more of that intense psychoactive component. Consumers who use cannabinoids will be drawn to your product, but you’ll also attract consumers who have not yet tried cannabinoids, THC, or CBD products but may be looking to test the effects or ease themselves into more regular consumption of CBD- and THC-related products.
Delta 8 drink Compliance
Delta 8 is legal in most states and regulations on CBD- and THC-related products are loosening drastically, so breaking into this industry could prove to be very lucrative and simple. Customers don’t need special licensing or permissions to purchase these products and complying with regulations for manufacturers is also simple, especially for those with extensive knowledge and experience in the industry.
No industry is without its cons, but the pros of breaking into this beverage industry are plentiful.
Barriers to the Success of Your Delta 8 Drinks Brand
We’ve discussed the benefits of this cannabinoid and starting your own drinks brand, but in any business, there are also barriers that can prevent the success of your beverage startup. Here are a few barriers to the success of your drinks brand and how you can overcome them:
- Barrier to success – Finding the capital to get started: You may have a clear and lucrative vision for your delta 8 drink brand, but without the resources to take your concept off the ground, your delta 8 business won’t go far.
Solution – Invest in rapid concept development: Investing in rapid concept development services can help you assemble the capital you need to get started, as well as minimize your risk of unnecessary spending and initial failure to launch.
- Barrier to success – Not understanding the market of delta 8 consumers: Understanding what’s popular in the drinks industry is imperative to your startup’s success, but many entrepreneurs come onto the scene with little knowledge about the ins and outs of the industry and end up failing due to their product’s lack of viability.
Solution – Conduct market research with industry experts: Conducting thorough market research with partners who have extensive knowledge in the beverage industry can help you avoid investing in an idea that may be a total flop.
- Barrier to success – Lack of understanding of the legality of manufacturing and distributing delta 8 products: This particular cannabinoid is legal in most states, but there are still rules and regulations that need to be followed when starting a delta 8 drink brand, or any product in the beverage industry.
Solution – Finding a formulation and manufacturing partner that stays up to date on certifications and regulations: Working with the right partner can save you the time and money of trying to jump through hoops to keep your beverage compliant with your state’s regulations.
- Barrier to success – Not knowing how to properly brand your drinks: Understanding the consumer base of delta 8 products so you can properly market your beverage to them is essential, but many beverage startups fail at properly branding their products.
Solution – Invest in a clear branding and packaging strategy: By prioritizing your branding, you can help develop the look and feel of your product into a brand with high market viability and success.
Every startup has its own barriers to success, but by making the right choices up front, aligning with the best partners in the industry, and spending your initial capital wisely, you can avoid these barriers and set your beverage company on the right track.
What to Look for in a Formulation and Manufacturing Partner
Now is the right time to get into the delta 8 drinks business, and getting started is easier than you may think. Finding success in the industry is reliant on finding the right partners to help lift your brand to success. Beverage companies require formulation, manufacturing, branding, packaging, and distribution services, so knowing what to look for in your partners can help you align your brand with associates who can help you succeed. Be sure to look for:
- Industry experience
- Well-rounded offering of services
- High production speed
- Low production minimums
No entrepreneur can succeed alone, and this is especially true in the delta 8 beverage industry. With the right tips, knowledge, and industry partners in your corner, though, your startup will be off to a great start!
Partner with MetaBrand for Your Beverage Manufacturing
MetaBrand is the right partner to help you succeed with your delta 8 drinks brand. MetaBrand’s comprehensive offering of development, formulation, and manufacturing services, you’ll receive the best service possible to set your drink brand up for success in the market.
Join us and connect with the MetaBrand team and arm your beverage startup with the knowledge, expertise, and innovation only MetaBrand can provide.
FAQs about Delta 8 Drinks
How to make Delta 8 drink?
Making a Delta 8 drink involves combining some of the same ingredients as a traditional cocktail, such as liquor, juice, and simple syrup. However, the key difference is that Delta 8 is an isolated terpene-based flavor that provides a unique flavor experience.
To make Delta 8 drinks, simply start with your favorite cocktail recipe and replace a small portion of the alcohol with Delta 8 tincture. Shake or stir until combined and enjoy!
Does delta-8 cause brain fog?
Delta-8 does not cause brain fog, but users may experience some potential side effects such as dry mouth and red eyes. As with any new product, it is important to speak with your doctor before using Delta-8 to ensure that it won’t interact negatively with any existing medications or treatments. To reduce the risk of experiencing mild side effects, start with a low dose and gradually increase until you find the ideal amount for your needs.
What are Delta 8 beverages?
Delta 8 beverages are cocktails that contain Delta 8 tincture, an isolated terpene-based flavor. Most commonly, they are made with a combination of liquor, juice, and simple syrup. By replacing a portion of the alcohol with Delta 8 tincture, these drinks become low in psychoactive THC yet still provide unique flavors and aromas to enjoy.
How do you Start a Delta 8 Beverage Company?
- Understand delta 8: Learn about this mild cannabinoid, its effects, and its growing popularity in the market.
- Recognize the advantages: Understand the benefits of entering this market, including low overhead, high markup potential, and a wide consumer base.
- Overcome barriers to success:
- Secure startup capital, possibly through rapid concept development services.
- Conduct market research with industry experts to understand the delta 8 consumer market.
- Ensure compliance with state regulations for manufacturing and distributing delta 8 products.
- Invest in clear branding and packaging strategies.
- Find the right formulation and manufacturing partner: Look for a partner with:
- Industry experience
- A well-rounded offering of services
- High production speed
- Low production minimums
- Focus on product development: Work with experts to formulate a delta 8 drink that is safe, effective, and delicious.
- Consider partnering with a company like MetaBrand that offers comprehensive development, formulation, and manufacturing services to set your drink brand up for success in the market.
What are the key advantages of starting a delta 8 drinks business?
- Low overhead costs with high markup potential
- High value to consumers due to potential health benefits
- Wide customer base, including both experienced and new cannabinoid users
- Growing market with increasing consumer interest
- Simpler compliance compared to traditional THC products
What should I look for in a formulation and manufacturing partner for my delta 8 drinks company?
- Industry experience, especially with cannabinoids
- Comprehensive services (formulation, manufacturing, and possibly distribution)
- High production speed to meet market demands
- Low production minimums, allowing you to start small
- Up-to-date knowledge on regulations and certifications
- Ability to create safe, effective, and tasty delta 8 beverages
How important is branding and packaging in the delta 8 beverage market?
- Differentiate your product in a growing market
- Attract your target consumer base
- Communicate the value and benefits of your product
- Increase market viability and potential for success
- Create a strong brand identity that resonates with consumers