Do you know what your cost of goods are? Have you correctly accounted for labor? Are you wondering if you should go with an ethanol, carbon dioxide or butane extractor, or whether separating and purifying individual cannabinoids or terpenes is economical? This session will not focus on one extraction method over another but, instead, will dive into the fundamentals and common factors you’ll need to develop an accurate cost-of-goods analysis. Furthermore, the fundamentals of cost-of-goods analysis of extraction and refinement processes discussed in this session may be applied to other aspects of the cannabis industry.
You’ll get insights on:
- The key variables needed to calculate your cost of goods.
- The impact of raw materials and process deviation on cost of goods.
- How the various levels of refinement affect cost of goods.
- The process flow for cost-of-goods analysis.
- How the commodity of scale affects cost of goods.