Starting up a new business in any industry can be a daunting task, let alone an increasingly competitive atmosphere like the hemp and CBD industry. If you’re not careful, your plans to create a successful, profitable hemp processing business can crash and burn before you even get a foothold in the market.
So, what should you take into consideration when diving into the hemp extraction industry? Have you considered the long-term profitability of your extraction method? What about the solvent you’ll decide to extract with? Have you looked into the local laws and regulations that might dictate your business practices? The questions can build and become more complicated as you consider everything you’ll need to get started, but luckily for you, extraktLAB is here to help.
In this episode of extrakTALKS, Dr. Jon and Randall Thompson discuss the most important factors to creating your hemp startup from start to finish. A number of important factors need to be taken into consideration in nearly every aspect of the hemp extraction business from pre-processing biomass to extraction to distillation and every step in between. Whether or not you've planned out your extraction plans, or you have yet to consider the first steps of your hemp startup, this episode is for you.
