How to start a cannabis oil company
The first oil that Australia’s new CBD-based cannabis industry can produce is a new strain of cannabis that’s already available in some states.
Cannabis is a plant that has a variety of medical uses and, according to the CBD-derived cannabis, can be used for a variety to treat conditions including nausea, epilepsy, anxiety and multiple sclerosis.CBD oil, developed by the Australian oil and gas company NexGen, has already been licensed to produce in the US, the first states to have approved its use for medicinal purposes.
But, in a bid to increase the market access of CBD, NexGen and its partner, BioProcurement Holdings, have decided to open up a new cannabis oil and cultivation facility in New South Wales, and in February the first batch of oil will be made available.
“The CBD oil will go through an independent process that will see the cannabis plant grown on site and harvested, before it is processed and shipped to Australian consumers,” said the company’s CEO, Dr James Burt.
“We’re also going to have a CBD cultivation facility, so we’ll be able to start harvesting and cultivating the cannabis plants and produce the oil at that facility.”
NexGen said its CBD oil is made from the same hemp-based oils that make up CBD oil, but its main focus is on cannabis as an oil for treating pain.
“There are other oils that can be produced, and there are other CBD oils that are also grown in the world,” Dr Burt said.
“But CBD oil has the greatest potential to provide a treatment for pain.”
It’s not clear if the CBD oil can replace CBD oil in the market, but the company hopes it will be one of the first CBD oils to enter the market.
The CBD is not a traditional oil, rather it’s an extract of the plant, which is what makes it more potent than CBD-only oils.
But the process to make CBD oil requires a lot of the same steps as making a CBD-infused product.
“It’s a really complex process that requires a very sophisticated process to grow cannabis,” Dr Chris Jones, from the University of New South Scotland, said.
Dr Jones said it’s important to note that the CBD industry is still in its early stages.
“What we know is that the cannabis industry is very different from the traditional oil and product industries,” he said.
For example, unlike traditional oils, which can be stored in tanks or vats, CBD oil needs to be dried and packaged in order to be processed into a product.
The first batch, for now, is made of CBD oil that’s grown at a cannabis farm.
However, Dr Jones said that, in the long term, CBD could also be used to treat illnesses, including post-traumatic stress disorder, as well as epilepsy.
“As we move into the future, we know that CBD has a wide range of uses in the medical and pharmaceutical space and, potentially, as a therapeutic ingredient in vaccines,” he explained.
“So, we’re excited about CBD as an alternative to CBD oil for patients with serious medical conditions and conditions that are in need of a cure.”CBD, as the name suggests, is extracted from the plant Cannabis sativa, which has an ingredient that gives the cannabis its euphoric effect.
It’s used to relieve nausea and other symptoms of chemotherapy and has been used to help treat pain and anxiety, and as a sedative.
“For us as a pharmaceutical company, CBD is going to be really important in the future as it’s a potential analgesic, a neuroprotective agent, it’s used in neurodegenerative diseases and it’s also used in a number of cancers and other conditions,” Dr Jones added.”CBD is also a very potent psychoactive substance and if it’s made into a drug it could have potentially huge applications.”