Striking Oil

The cannabis oil well is far from running dry. Here’s what you need to know before you start drilling.

CAROL GREENHOUSE

Cannabis oil is having a moment. Sales of THC-rich concentrates such as wax and shatter are projected to reach $8.5 billion by 2022. “The demand is very high,” says Corey Mangold, CEO of Orchid Essentials, a multistate cannabis brand. “Almost every extraction company I know of in the country is operating at full capacity. The oil market is still expanding.” In other words, there are plenty of opportunities for savvy entrepreneurs. Before you rush into the oil business, three things to consider: 1. Look beyond CBD and THC. The two most popular cannabinoids are CBD and THC, but there are dozens of lesser-known ones believed to be just as effective. With acronyms like CBG and CBC, these compounds are highly sought after by those in the know but still far…

You're reading a preview of

Green Entrepreneur (Digital) - 1 Issue, Spring 2019

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.