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: https://www.linkedin.com/in/jthomps1/
  • Company LinkedIn: https://www.linkedin.com/company/extraktlab/
  • Instagram: https://www.instagram.com/extrakt_lab/
  • Twitter: https://twitter.com/extraktLAB
  • Facebook Page: https://www.facebook.com/extraktlab/
• Listen to more episodes here: https://passthesecretsauce.com/category/financing/

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