MJBizMag July 2022 - 66

MJBizDaily Buyers Guide Extraction
mjbizdaily.com
ESTABLISHING A BUSINESS STRATEGY AND SHOPPING FOR EQUIPMENT
There is no one-size-fits-all strategy when it comes to planning a hemp-extraction operation.
Before choosing an extraction method and shopping the market for equipment, business owners
should first outline and understand the fundamentals of their business plans. It is also wise to
make sure any equipment selected will be scalable in the future.
" There isn't just one method for extraction or isolation. There are many factors to consider when
choosing equipment, " Geisleman says. " What is the desired outcome? What is the desired output? "
Geisleman highlights the importance of knowing about the biomass you're working with before
beginning extraction, citing specifics such as cannabinoid concentration and water content.
Once business owners have answered these questions, they should examine the market to choose
equipment that meets their needs. Given the risk of entering the volatile CBD arena, novice business
owners and extraction professionals may want to invest in quality used equipment at a discount
rather than spending premium prices on new hardware and machinery.
" With the number of companies in the industry going out of business, it is always a good idea to
check for used equipment first, " adds Katie Stem, CEO at Oregon-based CBD and cannabis product
manufacturer Peak Extracts. " Sometimes machinery that has been operated for less than a handful
of hours is available for half the new purchase price. Most of this machinery is made of very durable
stuff-built for years of daily use and manufactured out of stainless steel. You can find equipment
that has a ton of life left in it. "
Good extraction equipment is built to withstand years of daily use.
6
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MJBizMag July 2022

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