Discussion on Cannabis Company

b’Subject: Other’
b’Topic: Cannabis Company’
b’We need a complete financial statement (Balance Sheet, Cash Flow, and Income Statement) and a financial explanation/plan. \nWe need a complete business plan for the company if you can please follow the order. We have to do it based on Abrams book.\nI attachnyzed what we already did.\nThank you!’

Business Plan – Live Extracts

Don't use plagiarized sources. Get Your Custom Essay on
Discussion on Cannabis Company
Just from $10/Page
Order Essay

















































1 – Executive Summary


2 – Company Description


3 – Target Market


4 – The Competition


5 – Marketing and Sales Plan


6 – Operations


7 – Management Structure


8 – Future Development


9 – Financials







































1 – Executive Summary


Live Extracts is a cultivation company that will ensure users with medically tested products to serve the cannabis culture for both medical and recreational users. Our products will consist of 100% isolated cannabinoids, thus being free of any harmful additives that may lead to various illnesses. All of our thc-infused vape cartridges and various concentrates will be made through the ice water bubble hash extraction method, thus negating any risk with butane, CO2, or any possible harmful additives with solvents that are predominantly found in products throughout the black market.







2 – Company Description


Live Extractions will manufacture thc infused vape cartridges and  various concentrates strictly from the ice water bubble hash method. Black market THC cartridges entered the marketplace, creating an urgent need for regulation and oversight in the cannabis industry. We will be sending all our products to a local medical testing lab prior to any distribution. By using this extraction method, we will be negating any risk with butane, CO2, or any possible harmful additives with solvents.












3 – Target Market


The market for concentrates in the cannabis business was valued at 4.3 billion usd at the start of 2020. Cannabis concentrates are currently estimated to make up about 10% of total U.S. cannabis sales. This segment is anticipated to register the fastest compound annual growth rate of more than 20.0%. This is a category that attracts the younger consumers (ranging from 21-35), considering the quicker onset, potency, discretion, and accessibility often associated with concentrates. Concentrates can also be used with vaporizers, meaning two of the three top-selling derivatives pretty much go hand-in-hand. We will aslo market our products toward medicinal users who consume marijuana to treat ailments like body pain, migraines, insomnia, and anxiety. In particular, patients who are confined to their bed due to their illness will benefit from being able to self medicate without worrying about the odor.






4 – The Competition

The typical extraction process used by other cannabis companies involves a solvent such as butane or CO2, which is burned off to produce a pure concentrate. Here at Live Extracts we offer an extraction method that negates any risk with butane, CO2, or any possible harmful additives with solvents. This method is more commonly known as the ice bubble hash extraction method. We will educate our consumers by explaining the difference in our products vs the black market. In doing so, our marketing team will post informal videos on our social media page, including videos of how we make our products. All of our products will also have a label from a testing lab showing everything that consists in our products including thc percentages.

5 – Marketing and Sales Plan

Live Extracts will not only market themself to the recreational and medicinal users of the cannabis industry, but also to consumers who choose to purchase illegal thc vape products from the black market. In doing so, our marketing team will post informal videos on our social media page, including videos of how we make our products. All of our products will also have a label from a testing lab showing everything that consists in our products including thc percentages. This will allow our consumers to know that their safety is our main priority.










6 – Operation

Live Extracts will operate with a method commonly known as the ice bubble hash extraction. This extraction method negates any risk with butane, CO2, or any possible harmful additives with solvents. In order to successfully complete this process the following items must be included; Bubble Bags (220-190-160-120-73-45 micron level), plastic buckets, Ice cubes, a stainless steel skimming spoon, oil pads, slick sheet or parchment paper, Bubba washing machine, which makes the stirring process automatically, saving labor and time.


7- Management Structure

Our COC (Chief of Cultivation) Oversees entire extraction process from start to finish, manages and trains staff to effectively perform their duties,understands and stays up to date on regulations and laws, develops strain profile (terpene development), oversees testing process (sending samples to MCR) . The COO (Chief of Operation) is responsible for creating and monitoring a timeline for the entire manufacturing process of products from raw materials to finish products, will also need to understand and develop distribution channels to get product as well as ship product out, create capacity and limit controls for inventory, Inventory management . The CEO ( Chief Executive officer) will be responsible for executing the Mission and Vision Statement by creating and aligning strategic goals, develop strategic plan for growing the company, have a grasp and clear understanding of all aspects of the business, reports to Investors/shareholders, work with all executives to make sure all goals are met. The CFO (Chief Financial Officer) will be responsible for creating the cost benefit analysis report, constructing an overall pricing strategy, cash flow analysis, product profitability report by tracking and monitoring the success of each product based on resources used to promote product, budget planning for strategic goals and operations. Lastly our CMO ( Chief Marketing Operations) is responsible for educating our consumers about our products through our social media pages, also responsible for creating new ideas to help market our products better than our competitors.











8- Future Development

In 2019, about a dozen states were poised to put some form of cannabis-legalization initiative on their ballot referendums. Due to the COVID-19 pandemic and stymied petitioner campaigns, though, that number is now down to five states. Still, if these ballot referendums pass, the cannabis industry could see the expansion of existing markets and the opening of new ones in 2021.

The market value of the U.S. cannabis industry is projected to reach $30 billion annually by 2025, according to industry research group New Frontier Data. This projection comes at a time when cannabis remains federally illegal despite the legalization of medical marijuana by 33 states and Washington, D.C., and the legalization of adult-use cannabis (sometimes called recreational use) programs by 11 states and Washington, D.C.

As cannabis-legalization movements expand into new states and some members of Congress advocate for reform and even federal legalization, the cannabis industry could soon break into new markets as well.

The cannabis industry is a multibillion-dollar business that’s poised to grow rapidly as new markets open and more states legalize both medical and adult-use programs.








9- Financials

The global cannabis concentrate market accounted for 3.73 billion in 2018 and is expected to generate around 13.78 billion by 2026.

Concentrate sales are predicted to surpass flower sales by 2022 in size at $8.4 billion with flowers expected to be at $8.5 billion.

On average, a single cannabis seed cost about 4 USD – 9 USD each. We need 3 seeds to grow 1 plant.

We know that 93% of the cannabis seeds grow into a plant. This is of course a very high success rate, but not 100%. So we will have to use extra seeds in order to have the certainty of eventually becoming a weed plant. We therefore take into account an average germination percentage of 90% when calculating the number of seeds we need for our cultivation.



Initial Stock Estimate

  Price Quantity Total
Extraction Booth Mean = 57,500 1 $57,500
Extraction Machine Mean = 80,000 1 $80,000
Seeds 4,00 2,000 $8,000
Total     $145,500


Income Statement

Gross Sales          
(Returns and allowances)          
Net Sales          
(Cost of goods)          
GROSS PROFIT          
EXPENSES – General and administrative          
Salaries and wages          
Employee benefits          
Payroll taxes          
Professional services          
Marketing and advertising          
Equipment rental          
Office supplies          
Postage and shipping          
Interest on loans          
Net income before taxes          
Provision for taxes on income          
NET PROFIT          


Cash Flow


Cash sales          
Total Cash from Sales          
Income from Financing          
Interest income          
Loan proceeds          
Equity capital investments          
Total Cash from Financing          
Other cash receipts          


Operating Expenses          
Commissions/Returns and Allowances          
Capital Purchases          
Loan Payments          
Income Tax Payments          
Investor Dividend Payments          
Owner’s Draw          
NET CASH FLOW          
Opening Cash Balance          
Cash Receipts          
Cash Disbursements          



Get professional assignment help cheaply

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason may is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Our essay writers are graduates with diplomas, bachelor, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer.

Why choose our academic writing service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently







Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Open chat
You can contact our live agent via WhatsApp! Via +1 817 953 0426

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 20% with the discount code VICTORY