Slovik soon launched Core Roots CBD, seeing a business opportunity and a way to help other people treat their pain. He said starting a CBD company is like any other business, plus a bunch of added steps.
CBD isolate, as the name suggests, is a concentrate that only contains CBD and no other cannabinoids or terpenes. While the purity of CBD isolate might sound desirable, there is some evidence to suggest that full-spectrum CBD promotes an "entourage effect;" that is, the compounds in a full-spectrum hemp extract work together to promote more significant effects. The entourage effect is still under investigation by researchers studying CBD and other cannabinoids.
The CBD industry is projected to grow immensely
A combination of due diligence and creativity will set your business up for success in the CBD industry. Now is the time to get in on the ground floor and build a company that will last, but differentiate yourself with a quality product that stands out from the crowd.
[If you're looking for more details on how to start a business and all the steps you need to take, see our step-by-step guide to get started.]
Hemp CBD vs. cannabis CBD
If you're considering getting involved in the CBD industry, you first need to understand more about cannabinoids and the products that utilize them.
If you are a current license holder and need to add or change locations, submit a Change Request Form. If you need to request an inspection/THC test, please contact the MDA Hemp Program.
The application period for 2022 will close on April 30, 2022.
The application period for the 2022 Minnesota Hemp Program license is now open.
The MDA is required to collect annual fees for registration of sites and certification of hemp crops through THC testing. All fees are non-refundable and non-transferrable. There is a $50 fee for all license changes made after the initial application period. Such changes include changing the license holder’s name, adding a grower or processor category, and adding or changing grow or processing locations. All changes must be made by submitting a Change Request Form.
First-time applicants need to submit fingerprints and pass a criminal background check. The MDA program staff will send all first-time applicants a blank fingerprint card and instructions on how to request the background check after the application is completed. Any applicant with a controlled substance-related felony conviction in the previous 10-year period will not be eligible for licensure.
2022 Minnesota Hemp Program Application
Please click on the Hemp Licensing option from the drop-down menu.