For 100k I can set up a fully operational hemp CBD oil business. As soon as weed is legal in my state I will already be set up to make THC oils. Any thoughts?
CBD Oil
do you have 100k
Indeed!
do you have experience running or working in a CBD oil business
CBD doesn't have THC, dumbass
No, but I am a process engineer. I will easily be able to do the CO2 extractions and the following distillations. It would just be a matter of learning the FDA regs on nutrional supplements.
You’re smart. THC as well you cunt.
i have 100k too but i live in georgia
CBD oil is a meme. These fucking lame stoners just needed some excuse as to why they're ruining their life with cannabis
CBD oil maaaaaan kills cancer maaaaaaan
fucking kys faggots
Hemp is currently legal in ND rec weed is on the ballet for nov.
If you have a business plan, grower connection, facility, and distribution worked out; cool.
Irrelevant. If people are buying it that’s all I care about.
You can do that legally now, retard.
Are you illiterate?
nice
Have most but distribution figured out.
any retard hippie can and has made oils dumbass
As someone who does 6 figs a month in cbd sales, good luck starting from zero at this point. You got a mountain to climb and that 10k will only buy you a backpack and a camera.
There is no one doing it in my state yet and I can scale as time goes by. Have to start somewhere.
What are some challenges I would be facing?
Do you plan on extracting and selling at the same location? I'm assuming you'll need some sort of business license as well. You're probably not the only person with this idea in your state and if there's a limited number of licenses to be distributed it may be delayed and you will have competition with deeper pockets.
I feel you. I may be coming from a different perspective. You can very much build your own “comfortable” life and get into the industry and all that. It’s too late to build a massive brand name (but even that, fuck anyone can come up from anything) but you can absolutely make a living and enjoy life.
Just saying- My company does ~4mil a month in cbd sales, started in 2013. It’s been a hell of a journey. Without the capital you’d be extremely hard pressed to get to our level, to the point where I’d recommend selling a brand people trust over trying to build your own.
Yes. For hemp yes. If rec passes there will be literally no regulations on any of it.
Thanks for the info. I would be good with a mil a year. Lol. What outfit do you own?
Legalities. Distribution and sales. Lab testing. At this point- differentiation.
There are some local brands (Green mountain in Vermont is one I point to and hear of) that do very well as that local go to brand in Vermont. But good luck going national without the right ingredients. That’s disregarding product- I mean organizational ingredients too. Hungry sales team. Good creative dept. legal support. Marketing team to figure out how to market without violating any platforms rules on marijuana etc
Great info. I would like to be the go to brand in ND. Anything bigger would be gravy.
Great market to be in. It is very wide open in the dakotas.
You’re going to want to start networking and finding your way into bigger circles. Ultimately, you won’t go far in this business without getting political. You can’t get political without donations. It’s rough out here
I also have organic family land. So there is potential for growing.
Very nice. I do have a couple contacts in Denver. That’s about it ATM.
ask for his contact info already
I’m guessing anyone who runs that big of a business is not putting contact info on Jow Forums.
good luck user, I hope you make it
If you’re going to start growing, move into that asap. You’re gonna have a harvest or two with waste yield and learning curves before you’re producing something worth having. The space is great but anyone can grow weed- it’s called that for a reason, shit grows all over the world.its about optimizing for what your end product is. Be it cbd, fibers, hempcrete, etc
When I say networking... if you want to build in the dakotas, you gotta start getting into city council meetings, commissioners, and building your way up from there. Gotta protect your home front.
Thank you kindly user. May we never be rivals in commerce.
Thank you user!
You’re both right. Find an anonymous or encrypted way we can connect and let me know what it is, I’ll set it up. I’m not gonna look into how to do it (I’m at a bar) and I’m not gonna post public contact info. I’ve seen people use proton mail but never looked into it.. lemme know
Add me. Send me a chat with an email.
I added and sent a snap with supporting evidence from where I was this week
Wow I feel useful for once
For 100K + the time and money for licensing and compliance.
How did you get such knowledge/experience?
BS Chemistry graduate? Chem.Eng.?
Or just experience working in a company? Like pharmaceutical maybe?
I am a process engineer. The purification of herbs to oil is pretty straight forward.
I can make that system for way way way way way less than 100k. Money is in the equipment, they have 80% margins.
>t. Goldberg Pharnacuticals
You have to render the weed, dumbass
Nice to see a beneficial thread.
Ahaha welcome to my life. Man it’s insane.