The cultivation and infused products/concentrates sectors are particularly lucrative, with 29% of wholesale growers and 27% of infused companies saying that they are “very profitable.”
Startup costs are often much lower for infused companies vs. cultivators and retailers, making it easier to turn a profit. The initial cost of the equipment includes:
- A CO2 extraction machine will cost approximately $150,000 to $450,000 depending on productivity.
- A rotary evaporator and centrifuge will cost $30,000 to $100,000.
Additional costs include but aren’t limited to buildings, licensing, or the infrastructure and hourly wages for technicians that will be needed to operate that equipment. And, if you are not growing your own product of course you must factor in the cost of the raw materials (trim) that varies by state.
Cannabis Extraction Business Plan
If you are going to start a Cannabis Extraction Business, using super-critical CO2, Ethanol, Butane, Solventless or other methods with or without post-processing operations for refining downstream into concentrates, our template will help you create a professional business plan as part of your processor/ manufacturer license application and prepare for a meeting with potential investors.
Conditions differ from state to state and if you have planned to set up your own cannabis extraction/concentrates business, then you must comply with the laws of your particular state. Licensing requirements will also depend on on the type of business you wish to start. Someone who operates a grow house will require a completely different type of license than someone who owns a marijuana extraction facilities.
How Much Does it Cost to Start a Cannabis Extraction Business?
Table of Contents
EXECUTIVE SUMMARY
Project Scope
Global Market
Target Market
Cannabis Laws
Start-up Summary
Financial Projections
COMPANY DESCRIPTION
PROJECT SCOPE
Mission/Vision/Goal
Objectives
Products & Services
Key Customers
MARKET OVERVIEW
Market Overview
Target Market
Competition
Competitive Advantages
Revenue Benchmarks
Cannabis Sector Projections and Perspectives
SWOT Analyses
STRATEGY & IMPLEMENTATION
Online Advertising Obstacles
Alternative Online Advertising Options
Marketing Plan
Cannabis Directories
Launching Strategy
Sales Forecast
OPERATIONAL PLAN
Facilities
Location
Equipment
Operating Plan
Security Plan
ORGANISATIONAL STRUCTURE & MANAGEMENT
FINANCIAL PROJECTIONS
Profit & Loss Forecast
Cash Flow Statement
Balance Sheet
Main Ratios
Investment Analyses
APPENDICES
Income Statements, monthly
Cash Flow Statements, monthly
Floor Plans
'70% ready to go' business plan templates
Our cannabis financial models and cannabis business plan templates will help you estimate how much it costs to start and operate your own cannabis business, to build all revenue and cost line-items monthly over a flexible seven year period, and then summarize the monthly results into quarters and years for an easy view into the various time periods. We also offer investor pitch deck templates.
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CBD Oil Extraction Lab Business Plan Templates can be found on hempcbdbusinessplans.com.