Business Planning and Development for Extraction Operations
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Business Planning and Development for Extraction Operations
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In this episode, Nic Easley discusses key considerations for planning for and building out a cannabis extraction business. Extraction facilities are costly due to the specialized equipment and the construction required to meet food production and laboratory standards. That said we’ve seen 1,800 square-foot facilities doing $54 million in annual revenue.
Extractors and manufacturers can significantly increase the margin on their products if they create consumer packaged goods. Selling bulk oils has less of a margin and in most situations is not something we recommend. Tune in for insights gleaned from working with over 500 cannabis companies around the world.
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