In this month’s issue of Marijuana Business Magazine , we dissect the pluses and minuses of different techniques used to produce concentrate in “Extraction Smackdown,” give some actionable advice in cultivation business strategies for those companies going for growth , lay out steps to create seasonal edible lines as well as examine ways that THC companies can survive and thrive during the CBD product boom .
Extraction Smackdown: Jim Makoso is the co-owner and vice president of Lucid Labs, an extraction branding and licensing company with locations in Nevada and Washington state. (Photo by Jules Clifford/Soliman Productions)
“It’s tough to pigeonhole one extraction process as being optimal,” Makoso said. “There is no one process that’s better over another without putting qualifying statements on there.” (Photo by Jules Clifford/Soliman Productions)
Determining which extraction method is best for your cannabis company comes down to what you hope to accomplish, industry experts say. The quality of plant material has a big impact on the success of extracts. (Photo by Matthew Staver)
Most extraction labs experiment with techniques beyond the “big three” options of hydrocarbon, ethanol and CO2. (Photo by Matthew Staver)
Whatever their business goals may be, industry executives have clear-cut favorites among the three main types of cannabis extraction. (Photo by Matthew Staver)
Going for Growth: Florida-based AltMed relies on indoor grows, “premium genetics” and licensing deals to nurture and expand its brand. (Photo by Rich Schineller)
AltMed, a vertically integrated MMJ company, is plotting its expansion in a deliberate manner, raising $35.4 million in April and building out 25 dispensaries in Florida. (Photo courtesy of AltMed)
Since November, AltMed has been growing in a 50,000-square-foot former produce-packing plant. It plans to build out up to 100,000 additional square feet in the Ruskin, Florida, facility. (Photo courtesy of AltMed)
‘Tis the Season for Limited-Release Products: The majority of proceeds from the Choose Love rainbow sugar cookies produced by Love’s Oven in Colorado benefits LGBTQ organizations. (Photo courtesy of Love’s Oven)
Colorado’s Sweet Grass Kitchen released a new 20-to-1 CBD-to-THC double-chocolate cookie with 5% of proceeds donated to Planned Parenthood of the Rocky Mountains. (Photo courtesy of Sweet Grass Kitchen)
The ginger spice cookies created by Love’s Oven of Colorado are another seasonal offering. When seasonal products are successful, companies may want to release them at other times of the year. (Photo courtesy of Love’s Oven)
When you source new ingredients such as fresh fruit, make sure they’ll be consistently available during your targeted manufacturing times and that they’re within budget. Love’s Oven of Colorado also produces a strawberry lemonade cookie seasonally. (Photo courtesy of Love’s Oven)
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