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how to start a cannabis seed bank

In the U.S., you can also patent genetic varieties of any plant. This includes cannabis seeds. Though the U.S. Patent and Trademark Office is federal, it operates independently of other government agencies. This means that you can patent weed strains, and many companies have done so already.

Anyone who has ever consumed cannabis in any of its forms knows that strain matters. This goes beyond sativa vs. indica. Strains can be bred to produce a variety of effects and serve purposes that go way beyond flavor. For example:

There is a great deal of variety within cannabis seeds. Specifically, you can divide them into three main types:

Different types of vendors.

But increased demand and legalization are changing the seed business. How will the cannabis seeds market evolve with growing demand and more legalization efforts?

Cannabis seeds are, obviously, integral to the weed industry. With so many growers around the world, they’re in higher demand than ever. As a result, a network of online and physical retailers has popped up to satisfy both legal and grey market needs.

Like the sale of growing equipment, cannabis seeds are adjacent to the weed industry but not strictly apart of it. This makes controlling or even studying the market difficult.

According to the United States Patent and Trademark Office, you can patent asexually reproduced plants if they possess certain characteristics due to their genetics or if they’re a hybrid version of a different plant. According to one Reuters report, 39 cannabinoid-related patents were filed in 2018. Cannabinoids are the compounds found in weed that vary from strain-to-strain.

Do you plan on selling homegrown seeds? Or do you wish to sell different kinds of seeds and strains? Research on the strains and types of seeds that your customers are looking for. Consider the most popular strains, seeds that growers in your area.

Almost all successful physical cannabis seed banks have an online store. This online site will help you take orders from customers locally abroad if you plan to offer your products internationally. There are many more considerations in stating how your physical seed bank business will operate, and the more detailed your description is, the better.

4. Manpower

Base your product pricing from rates offered locally. You may check out how much other seed banks are asking; make sure to check prices locally and internationally. Consider too the price of shipment locally and abroad.

Do you intend to hire a budtender, a shop worker, and security personnel? If so, then you need to consider your worker’s salary, benefits, and additional compensation. Consider staffing, your worker’s different job descriptions, and more.

As with actual seed banks, consider the type of products you wish to sell. Do you sell all types of seeds, popular cannabis strains, or strains grown abroad? Do you plan to offer international deliveries, stealth shipment, or regular/local shipment only?