Everything You Need to Know About the CBD Industry with Jon Thompson

Welcome back to the show. In this episode I interview Dr. Jon Thompson. Dr. Thompson is a separations scientist, entrepreneur, and inventor. As a scientist, he has a strong technical background and industry experience in analytical instrumentation, in-vitro diagnostics, biotech, mining, and homeland security markets. During his cannabis industry career, Dr. Thompson has earned a strong track record of winning and implementing medical cannabis licenses in well-regulated, medically-modeled states. Dr. Thompson has assisted numerous companies to attain their goals in cannabis and hemp manufacturing, as well as market development, strategic marketing, and worldwide business-to-business alliance formation (including international markets).

In this episode we discuss:

• How he got into the CBD industry[5:37]
• Licenses required for having a CBD business [7:33]
• Two distinct industries in the cannabis business and how Jon’s company help them [10:08]
• Products that are created out of hemp  and how they extract these [13:43]
• Growing and importing cannabis [18:24]
• Hurdles in starting a business in the CBD industry and how to start a CBD business – Loans, grants etc  [20:47]
• What you need to start a CBD manufacturing business  [27:55]
• Investing in a CBD business  [32:06]
• Where the CBD industry is heading  [34:08]
• Best ways to contact Jon and get more  information [35:00]

Links to sources and tools

• Go to https://extraktlab.com/ to learn more about the CBD industry
• You can find Jon Thompson and Extraktlab on these social media channels:
  • Personal LinkedIn
  • Company LinkedIn
  • Instagram
  • Twitter
  • Facebook Page
• Listen to more medical-related episodes:
  • https://passthesecretsauce.com/2020/06/12/revolutionizing-the-operating-room-through-smart-surgical-tools-with-daniel-dudley/
  • https://passthesecretsauce.com/2020/10/30/telehealth-services-bridging-gaps-in-healthcare-services-with-technology-with-manoj-jhaveri/

Thanks for listening. Don’t forget to like us on Facebook to get updates on new episodes. If you haven’t already, please follow and leave a review for our podcast, we’ll really appreciate it. And as always, don’t forget to pass the secret sauce.

Support our podcast

If you’re a fan of the show, there are three simple things you can do to support our work:

1. Subscribe, rate and review the podcast on iTunes or wherever you subscribe.
2. Tell a family member, friend, or colleague about the show.
3. Subscribe to us on YouTube and follow us on LinkedIn