MJBizMag July 2022 - 80

MJBizDaily Buyers Guide Extraction
mjbizdaily.com
" Extraction equipment is expensive, " adds Katie Stem, CEO at Peak Extracts. " It requires trained and
knowledgeable staff, facility build out and specialized electrical requirements. Just the permitting
with local law enforcement could take months to years to complete and is an expensive process in
its own right. "
Stem recommends new companies consider outsourcing for extracts until they're sure there is
enough demand for their products to cover the startup costs.
" It is most efficient to purchase extracts from an established producer, " she says.
Flippo advises: " Model your business, add 25% to whatever costs you are anticipating, and make
sure you have six months' worth of operating expenses covered before opening your doors. If
you're new to the game and don't (have a cash reserve), you will fail. Quickly. "
Pro: In-House Extraction Allows Companies to Maintain Control Over Products
Companies that handle extraction in-house have the benefit of controlling quality throughout the
process, as seen in vertically integrated cannabis brands that handle their product from seed to sale.
" What it comes down to is a lot of companies like to be fully integrated, " Vulicevic says. " If you have
the right people in place, and you do seed to sale, and you farm it in house, then it's farm-to-table.
It's never leaving your chain of custody, so you can control the quality. "
Con: Extraction is a Complex, Potentially Dangerous Science
There is an inherent danger that comes with extraction. This sector of the industry requires
trained professionals who are given properly designed and outfitted facilities, personal protective
equipment and well-thought-out standard operating procedures.
Companies that extract their own cannabinoids from plant material own the entire manufacturing process.
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MJBizMag July 2022

Table of Contents for the Digital Edition of MJBizMag July 2022

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