NAICS Code 456191-11 - Natural Oils/Cbd's & Etc (Thc Free) (Retail)
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NAICS Code 456191-11 Description (8-Digit)
Hierarchy Navigation for NAICS Code 456191-11
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Tools
Tools commonly used in the Natural Oils/Cbd's & Etc (Thc Free) (Retail) industry for day-to-day tasks and operations.
- CBD oil tincture droppers
- Essential oil diffusers
- Infused lotions and balms
- Herbal vaporizers
- Oil extraction machines
- Capsule filling machines
- Digital scales
- Glass dropper bottles
- Label printers
- Packaging equipment
Industry Examples of Natural Oils/Cbd's & Etc (Thc Free) (Retail)
Common products and services typical of NAICS Code 456191-11, illustrating the main business activities and contributions to the market.
- Hemp oil supplements
- Lavender essential oil
- Peppermint oil tinctures
- Tea tree oil skincare products
- Eucalyptus oil inhalers
- Chamomile oil capsules
- Arnica oil pain relief products
- Ginger oil digestive aids
- Rosehip oil facial serums
- Frankincense oil aromatherapy blends
Certifications, Compliance and Licenses for NAICS Code 456191-11 - Natural Oils/Cbd's & Etc (Thc Free) (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Good Manufacturing Practice (GMP) Certification: GMP certification ensures that the products are consistently produced and controlled according to quality standards. The certification is provided by the NSF International and the US Food and Drug Administration (FDA).
- United States Department Of Agriculture (USDA) Organic Certification: This certification ensures that the products are produced and processed according to federal guidelines on organic farming. The certification is provided by the USDA.
- US Hemp Authority Certification: This certification ensures that the products are safe and accurately labeled. The certification is provided by the US Hemp Authority.
- National Animal Supplement Council (NASC) Quality Seal: This certification ensures that the products meet the NASC's stringent quality standards. The certification is provided by the NASC.
- American Herbal Products Association (AHPA) Certification: This certification ensures that the products meet the AHPA's standards for identity, purity, strength, and composition. The certification is provided by the AHPA.
History
A concise historical narrative of NAICS Code 456191-11 covering global milestones and recent developments within the United States.
- The "Natural Oils/Cbd's & Etc (Thc Free) (Retail)" industry has a long history dating back to ancient times when people used natural oils for medicinal purposes. In the 1940s, the first cannabinoid, CBD, was discovered, and in the 1960s, the structure of THC was identified. However, it wasn't until the 2010s that the industry started to gain significant traction, with the legalization of medical marijuana in several US states. Since then, the industry has grown rapidly, with the legalization of recreational marijuana in several states and the passing of the 2018 Farm Bill, which legalized hemp-derived CBD products at the federal level. In recent years, the industry has seen significant advancements in product development, with the introduction of new delivery methods such as edibles, topicals, and vape pens.
Future Outlook for Natural Oils/Cbd's & Etc (Thc Free) (Retail)
The anticipated future trajectory of the NAICS 456191-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Natural Oils/Cbd's & Etc (Thc Free) (Retail) industry in the USA is positive. The industry is expected to continue to grow due to increasing consumer demand for natural and alternative health products. The legalization of hemp and CBD products in the 2018 Farm Bill has also contributed to the growth of the industry. The industry is expected to face increased competition from new entrants, but the demand for natural health products is expected to continue to drive growth. The industry is also expected to benefit from increased consumer awareness of the potential health benefits of natural oils and CBD products.
Industry Innovations for NAICS Code 456191-11
Recent groundbreaking advancements and milestones in the Natural Oils/Cbd's & Etc (Thc Free) (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Increased Availability Of CBD-Infused Products: CBD-infused products have become increasingly popular in recent years, and the Natural Oils/Cbd's & Etc (Thc Free) (Retail) industry has responded by offering a wide range of CBD-infused products, including oils, tinctures, edibles, and topicals.
- Expansion Of Product Lines: Many companies in the Natural Oils/Cbd's & Etc (Thc Free) (Retail) industry have expanded their product lines to include a wider range of natural health products, such as herbal supplements, vitamins, and minerals.
- Increased Focus on Quality and Safety: As the industry has grown, there has been an increased focus on ensuring the quality and safety of natural oils and CBD products. Many companies now use third-party testing to verify the purity and potency of their products.
- Increased Use Of E-Commerce: The Natural Oils/Cbd's & Etc (Thc Free) (Retail) industry has seen an increase in the use of e-commerce platforms to sell products directly to consumers. This has allowed companies to reach a wider audience and has made it easier for consumers to purchase natural health products online.
- Increased Research and Development: As the demand for natural health products has grown, there has been an increased focus on research and development in the Natural Oils/Cbd's & Etc (Thc Free) (Retail) industry. This has led to the development of new products and formulations, as well as increased understanding of the potential health benefits of natural oils and CBD products.
NAICS Code 456191-11 - Natural Oils/Cbd's & Etc (Thc Free) (Retail)
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