Finding What Works for You: What to Look for When Buying CBD Oil

Cannabidiol (CBD) oil is all the rage and the trend is only getting more popular. In 2018, total CBD sales reached over $500m – and this is set to triple in the next three...

Read More

Nirvana in Nevada: Here’s how you can start a dispensary in Nevada

Did you know that marijuana dispensaries were serving an average of 100 customers per day in 2017? Have you been considering the idea of getting into the cannabis space while...

Read More

Hemp Oil vs CBD Oil: Benefits, Costs, and Differences in Products

Cannabis is rapidly becoming legalized throughout the world. Thus, it’s only natural that there would be some confusion about its various forms and their differences. One...

Read More

Finding What Works for You: What to Look for When Buying CBD Oil

Posted on Jan 14, 2019 in Legal Cannabis

Finding What Works for You: What to Look for When Buying CBD Oil

Cannabidiol (CBD) oil is all the rage and the trend is only getting more popular. In 2018, total CBD sales reached over $500m – and this is set to triple in the next three years.

Manufacturers, however, are taking advantage of the new wonder chemical: super-cheap oils are flooding the markets.

With cheap prices come poor ingredients and risks to your health.

Make sure you know what to look for when buying CBD oil if you want to have all of the benefits without any health risks. This guide will help you ask the right questions before you purchase any CBD oil product.

What to Look for When Buying CBD Oil

There are many things in the manufacturing, packaging, and sale of CBD oil that cause variations in the quality of the final product. Consider these key points when you’re choosing CBD oil to make sure you’re getting the best possible product.

1. What’s the Original Plant Grade?

Very cheap CBD oil is manufactured using cheap plants. The soil has been fed with chemicals to induce fast growth, resulting in a low-quality oil at the end of the manufacturing process. 

Cheap production methods use poor-quality soil, too. Heavy metals, toxic substances, and other problems in the soil are absorbed by the plant. This is then passed into the raw ingredient that makes CBD oil and can affect the safety and efficacy of the final product.

Organic hemp and cannabis plants don’t use chemicals for growth and aren’t forced to grow fast. This results in a high-quality raw ingredient for the best CBD oil result.

2. What’s the Extraction Technique?

The lack of regulations for the manufacture of CBD oil to date, which means some companies could use methods that are damaging to your health.

Low-grade CBD oil is extracted from plants using very toxic hydrocarbon solvents such as butane. This not only degrades the quality of the raw ingredient but can also risk your future health.

Poor quality extraction techniques like this will also negatively impact the level of cannabinoids left in the extracted oil. 

The cannabinoids are the key component of CBD oil responsible for its renowned health properties. A low-grade oil will, therefore, produce less of the desired effects of the oil.

On the other hand, reputable manufacturing companies will use organic ethanol. The ethanol safely strips away residue and toxins to leave a pure CBD oil that’s safe for human use. 

A newer form of extraction is called supercritical CO2. If you know the product you’re using has been developed with this extraction technique, you’re guaranteed a good product. 

The process involves incredibly expensive laboratory equipment: carbon dioxide is super-cooled and pressurized as part of the extraction technique. The CBD oil produced is as pure as it can be made.

Ethanol and supercritical CO2 extraction techniques also protect the level of cannabinoids present in the final oil.

3. Which Plant Is Used for the CBD Oil?

CBD oil can be made from both the cannabis and hemp plants. The quality between the two, when high-grade manufacturing processes are used, is negligible.

However: you need to be aware of the source plant of your CBD oil if you live in a state with marijuana restrictions or bans. CBD oil made with a hemp plant is legal in all states of America. However, if it’s made with the cannabis plant, it is only allowed to be sold and consumed in states where cannabis or medical marijuana is legal.

4. How Much of the Plant Is Used?

It’s easy to think that something labeled ‘CBD isolates’ will produce better results than the whole hemp plant – but that’s just good advertising.

Using part of the hemp plant to create isolates is a cheap way to manufacture CBD. Processing a single part of the plant means the extraction process can be simplified – and therefore is much cheaper to do.

The use of the entire hemp plant provides added benefits to CDB oil that isolates don’t have. Using just one part of the plant limits the natural chemicals present in the entire plant – and it’s these that work with cannabinoids to produce the positive side effects of CBD.

The entire plant has chemicals such as flavonoids and terpenes that complement the efficacy of cannabinoids present in hemp. 

5. Who Produced the Quality Results or Studies?

If your chosen CBD oil boasts incredible study results or has ‘proof’ of its health benefits, look into those claims in detail before you buy.

An independent study or review is much more trustworthy than one funded or conducted by the manufacturer. Even third-party laboratories can be paid to make test results look good by a vendor, so try to find studies provided by ISO/IEC 17025:2017 certified labs for peace of mind.

6. What’s the THC Percentage?

THC, short for tetrahydrocannabinol, is the chemical present in marijuana that gives users that ‘high’ feeling.

It shouldn’t be present in CBD oil at all. In fact, THC can interfere with cannabidiol compounds and reduce their efficacy.

Any CBD oil must legally have less than 0.03% THC in it. Some manufacturing processes won’t remove all of it, and oil with less than 0.03% THC could still be good quality.

Ideally, however, it is best to find one with the lowest – or no – THC present, for the best experience with your CBD product.

7. What Are the Advertising Claims?

It’s against the law to promote CBD oil as a medicinal product. If any CBD vendor offers it as a ‘cure’ or suggests it is guaranteed to help a medical condition, steer clear.

While CBD oil is known to have researched and anecdotal health benefits, it is not approved as a medication. Any company making medicinal claims is, therefore, breaking the law – and if they’re blatantly advertising illegally, how can you tell what else they’re lying about?

A reputable vendor will talk about anecdotal or researched benefits of CBD oil, but won’t make any promises about their oil as a cure, preventative, or solution to any medical problem. 

8. How Do You Want to Consume Your CBD?

There are many different ways to use CBD oil, as this article helpfully explains. The manufacturing processes of each form, such as oil, tablet, or topical creams, will affect the overall quality of the product.

Research the manufacturer: do they use organic and ethical techniques? Is there a contact number for you to ask questions before you buy?

Any CBD product vendor that hides behind the internet and doesn’t make themselves available for questions is one that should be avoided.

Learn More About Taking CBD Oil

Now you know what to look for when buying CBD oil, it’s time to consider how you want to consume it. 

From a few drops in your morning coffee for a chilled-awake buzz to topical creams for painful joints, there are many ways to use CBD oil.

Check out our newbie guide on the most popular ways to use CBD oil to find out which one sounds like it’ll suit your needs best. 

Read More »

Nirvana in Nevada: Here’s how you can start a dispensary in Nevada

Posted on Jan 14, 2019 in Legal Cannabis

Nirvana in Nevada: Here’s how you can start a dispensary in Nevada

Did you know that marijuana dispensaries were serving an average of 100 customers per day in 2017? Have you been considering the idea of getting into the cannabis space while it’s fairly new and not crowded?

Cannabis is a legitimate business and it will continue to grow.

Find out how to start a dispensary of your own and get selling in Nevada.

Nirvana in Nevada: Here’s How to Start a Dispensary in Nevada

Medical marijuana dispensaries were authorized by Nevada governor Sandoval in June 2013. On November 8th, 2016 recreational marijuana became legal. Estimated sales of recreational cannabis are expected to be $280,000,000 by the year 2021. 

The competition for licenses is going to be high which means getting educated on how to start a dispensary early is a good idea to stay ahead of the competition.

Current Dispensaries Operating in Nevada

The Nevada State Health Division is the monitoring agency for Nevada’s cannabis program. There are limited registration certificates allows per county according to the counties’ population.

Here is a list of population guidelines:

  • 700,000 + people (including Clark County) – 40 dispensaries allowed
  • 100,000 to less than 700,000 people (including Washoe County) – 10 dispensaries allowed
  • 55,000 to less than 100,000 people – 2 dispensaries allowed
  • 0 to less than 55,000 people – 1 dispensary allowed

Another regulation Nevada has in place is that there can’t be more than one dispensary per every 10 pharmacies in a county. If there are less than ten pharmacies in a county one dispensary is still allowed.

Counties with less than 100,000 residents more than 25% of available dispensaries in any one location aren’t allowed. In counties that have 100 to 700 thousand people, they only allow one medical cannabis establishment registration certificate per person or the 10 available registration certificates that are allowed.

Let’s Talk Finances

Dispensaries are a legitimate business that comes along with some upfront spending to have everything ready to go before opening your doors. 

Here is a list of the current registration fees to obtain a cannabis business license:

  • Medical Cannabis Dispensary – $30,000
  • Medical Cannabis Cultivation Facility – $3,000
  • Cannabis Product Manufacturer – $3,000
  • Testing Lab – $5,000

Here is a list of the current renewal fees:

  • Medical Cannabis Dispensary – $5,000
  • Medical Cannabis Cultivation Facility – $1,000
  • Cannabis Product Manufacturer – $1,000
  • Testing Lab – $3,000

The state of Nevada has a 2% excise tax on wholesale and retail sale of both cannabis products and cannabis. This applies to both recreational and medical consumers.

Obtaining a License

The state Department of Taxation is responsible for licensing and regulating medical marijuana businesses and the same department is responsible for Nevada’s medical marijuana program. You can read more details about cannabis licensing requirements in Nevada.

You can apply for licenses directly through the State of Nevada’s Department of Taxation.

Types of Licenses

There are five types of retail cannabis licenses:

Distributor

This license is to transport cannabis from a marijuana establishment to another marijuana establishment. For example from a product manufacturing facility to a retail store.

Cultivation Facility

This license is to cultivate or grow, process, and package cannabis. It also allows having cannabis tested by a testing facility and allows to sell cannabis to retail marijuana stores, to other cultivation facilities, or products manufacturing facilities.

This license doesn’t allow to sell to consumers.

Product Manufacturing Facility

This license allows to manufacture, process, and package both cannabis products and cannabis. Cannabis products include edibles, tinctures, and ointments.

This license also allows cannabis to be purchased and to be sold to other product manufacturing facilities, and retail marijuana stores. This license doesn’t allow cannabis to be sold to consumers.

Retail Store

This license allows buying cannabis from cultivation facilities, and other retail stores. It also allows cannabis and cannabis products purchases from product manufacturing facilities.

This license allows to selling marijuana and marijuana products to consumers.

Testing Facility

This license allows marijuana and marijuana products to be tested for potency and contaminants.

Further Required Paperwork

Along with the license requirements, applicants have to demonstrate they have at least $250,000.00 in liquid assets for startup capital. They also have to show proof that they own the property where they plan on opening the business or that they have permission from the landlord to operate a marijuana facility on the property.

The owner and all future employees need background checks done as well.

A very detailed plan for procedures of the dispensary is also required from the owner. 

How Long Does It Take to Open a Dispensary?

This varies and there is no set time. It can take a year or more to complete all the necessary steps including applying for the appropriate licenses, getting finances together, finding employees, securing suppliers, and getting the dispensary set up. 

How Much do Dispensaries Make Anyways?

The numbers for the cannabis market in Nevada are pretty lucrative.

The following are sales in 2016 and estimated sale for 2021:

  • 2016 Medical Sales – $75,600,000
  • 2021 Estimated Medical Sales – $150,400,000
  • 2016 Adult Use Sales – $0
  • 2021 Estimated Adult Use Sales – $282,200,000

Dispensaries can make lots of money they can bring in $50,000 a year or more depending on the population and location. Some have reported earning millions or even tens of millions of dollars!

Who Qualifies to Purchase Cannabis?

All adults over the age of 21 have access to purchase cannabis.

Medical cannabis patients qualify under any of the following conditions:

  • Glaucoma
  • Cancer
  • Post-traumatic stress disorder (PTSD)
  • Persistent muscle spasms
  • Seizures
  • Severe nausea
  • Acquired immune deficiency syndrome (AIDS)
  • Severe pain
  • Additional conditions subject to approval by the Division or under the law

Ready to Launch a Cannabis Venture?

Opening a dispensary is a large investment of both money and time which is why you want to make sure you follow all the necessary licensing requirements to not waste time or money. There are attorneys available to help during the legal process of how to start a dispensary.

Curious about what consumers look for in a dispensary? Read our article discussing 5 things that consumers look for when they go to a dispensary for their marijuana needs.

Read More »