Mastering the Extraction Lab Startup

Questions to Consider

Congratulations. You are about to embark on one of the greatest market opportunities in your lifetime. That is, the conversion of plant flowers into useful consumer and medical products. We believe in the market fundamentals and have written this general guide to help you map the process of becoming a rock star extractor.

We specialize in helping people seize the opportunity by bridging the science, engineering and operations gap. Sometimes the idea and glamour of owning your own business can be shattered when faced with the prospect of just the sheer amount of work you see in front of you.

When considering opening or running an extraction business, there are many things needing to be done to do proper due diligence.

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you will need:

A location with a good market for extracts.
To shop the local market for ideas on what are the best products to sell.
To understand what are your target patient products.*
To do a proforma showing that you will be profitable with all appropriate inputs.*
To understand standard COGs.*
To understand the ramifications of 280E (in the US) on your business structure.
To take a breather and laugh a little.
To understand extraction business liability and risks with the business you are running.
To know how to run a extraction business.*
You need to account for the amount of cash it will take you to build-out, permit, and startup.
A building with the proper operating permits.
To order equipment for the entire process.*
Connections to local government.
Engineering drawings of your location.*
Connect with local regulators.
A general contractor.
To obtain bids and do the build out.*
To source materials and execute supply agreements.*
To know how to produce and have extraction business systems put in place.*
To understand at this point why you are doing this and plan a vacation.
To obtain and set up distribution channels.
To get final license and approval.
To install your equipment for the entire process.*
To commission all your co2 extraction machine.*
To train your employees.*
To put quality systems in place to prevent recalls.*
To put the money in the bank!