Starting A Cannabis Seed Company

How to Start a Cannabis Seed Bank on Your Own Have you ever wondered how to sell your homegrown weed seeds? In most states and countries, you can’t just sell seeds that you cultivated. You need Learn how to start your own marijuana seed bank business in part 1 of our guide. Introduction to the formation of your own marijuana seed bank. Seed Licensing, Registration, and Other Frequently Asked Questions Provisions in Act 329, the Michigan Seed Law, authorize the Michigan Department of Agriculture & Rural Development to regulate

How to Start a Cannabis Seed Bank on Your Own

Have you ever wondered how to sell your homegrown weed seeds? In most states and countries, you can’t just sell seeds that you cultivated. You need to use legal ways to distribute and sell your products like a local seed bank or through your own seed bank business. And if you like the idea of starting your own cannabis seed bank, then we’ll guide you. Here are steps on how to start a cannabis seed bank on your own.

Steps How to Start a Cannabis Seed Bank on Your Own?

Imagine selling the seeds you’ve grown in your garden in your very own seed bank? With your own business, you can also sell other seeds grown by other growers or suppliers. And why stop there? Aside from cannabis seeds, you can also sell growing equipment and supplies like growing soil, lighting, humidifiers, growing pots, growing tents, and cabinets.

1. Understand the Rules About Growing and Sale of Cannabis Seeds in Your Area

Before you even start planning for your cannabis business, it’s safe to check and recheck cannabis growing and sale rules and regulations. Is medical and recreational cannabis legal in your area? Is the cultivation of cannabis allowed?

If you are unsure about the legality of marijuana in your location, consult a cannabis local office, or use resources online. Take note that rules change, and it’s possible for regulations to change without any notice.

2. Plan Your Cannabis Seed Bank Business

After a careful understanding of the legalities of growing cannabis in your area, it’s time to focus on how your cannabis seed bank will operate. The very first thing to consider is whether you want to establish an actual seed bank (a physical store) or an online seed bank.

If You Want a Physical Seed Bank

Consider the following as you plan and set up your physical seed bank business.

1. Location (interior and exterior)

It’s important to consider the location of your physical seed bank. Take note of the proximity to frequented areas like hotels, casinos, shopping centers, restaurants, and tourist destinations. Check if there are rules or ordinances regarding the construction of a seed bank in an urban area. You might come across some rules like the establishment that must be located away from schools, playgrounds, parks, churches, hospitals, and other specific areas.

A part of considering your business location is the actual structure where you will conduct business. Are you considering leasing a storefront, or are you using your own property? Will you be constructing a store from scratch or renovating a commercial property?

Other things to consider would be the exterior and interior design of your establishment. Should you hire a professional to design your store, or are you doing the designs yourself? Consider putting emphasis on what your customers are looking for and what they want in a seed bank shop. Also, take note of seed bank interior designs of competitor stores.

Your seed bank must look professional yet inviting with a secure storefront. An area must be set up indoors where customers can wait, check out the products you offer, and where they can get more information about cannabis.

Consider high-class seed banks and dispensaries in Nevada if you want a professional, chic and modern interior design. Or you may want a fun, educational style seed bank just like what you’ll get from Canadian and European seed banks.

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2. Products

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.

It’s important to maintain the quality of your products. Consider partnering with growers and breeders in your area to offer organic or local variety strains. It’s also a good thing to check out international seed banks to provide good quality imported seeds.

Other products that you can sell other than seeds include growing equipment, tools, and supplies. You can also sell guide books, growing bibles, and other helpful books for beginner growers.

3. How Your Business will Operate

You need to consider exactly how your business will operate as you need to include these details in your business permit application. Take note of the hours of operation, how customers can order your products, how payment goes, how the products will be packaged, and if you are going to provide home deliveries.

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

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.

5. Security

Consider security equipment and personnel in your cannabis seed bank. All seed banks operate in cash, and thus, these businesses are very prone to robberies and other crimes. An efficient security system is not just for your protection but also for your customers’ safety as well. And the more your customers feel secure in your establishment, the more they are likely to buy from you again.

If You Want an Online Seed Bank

Suppose you prefer an online seed bank rather than a physical one. For this kind of business, you need knowledge and skills to set up an online seed bank site. Consider the following:

1. Your Business Domain

Website domains may be purchased online. Domains ensure that you’re the only one to use a certain URL to help your customers find you easily. Also, check out local laws regarding the registry of all cannabis online sites. In some states and countries, only regulated online businesses will be allowed to operate.

2. The Products You Want to Sell

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?

3. The Payment Methods that You Accept

Unlike physical cannabis seed banks, online seed banks are able to accept other forms of payment like a credit card, bank transfers, money transfers, checks, cash, and Bitcoin. Consider these very popular payment options in your own cannabis seed bank.

4. The Delivery Methods You’re Using

Consider the most common delivery methods from where you’re located, such as express delivery and regular deliveries. Meanwhile, some online seed banks also provide stealth shipment. For an additional fee, seed banks ship seeds inside special containers that look like regular objects. This way, your orders won’t be seized as it passes through security and border patrol.

5. The Price of Your Products and Delivery/shipment

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.

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6. Online Marketing

You must consider professional, expert online marketing to help you reach more customers. Online marketing will make you stand out in Google, so your potential customers will easily locate you.

3. Register Your Business and Get a License

Now that you know clearly what your business would be, it’s time to secure a license for it. The requirements you need to secure a license depends on where you’re located. You also need permits for the distribution of other products as well as a health or sanitation permit if you plan to erect your own cannabis seed bank. Cannabis business requirements vary and may change without any announcements.

4. Talk to Other Seed Banks and Retailers

Get to know your competition, other seed banks, and retailers in your area. Check out how they run their business, the variety of products that they offer, and many more. Now that you know how to start a cannabis seed bank, you may now start planning for your seed bank business. Keep a positive attitude and consider all the steps to start your business. Surely, success won’t be too far behind.

How to Start a Marijuana Seed Bank Business Pt. 1

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How to Start a Marijuana Seed Bank Business Pt. 1

Learn how to start your own marijuana seed bank business in part 1 of our guide.

Introduction

A marijuana seed bank that sells marijuana seeds may ship the seeds into the United States and many other countries around the world. Marijuana seeds, also known as cannabis or weed seeds, are sold categorized by name, genetics, plant sex, and other attributes. A seed bank might simply collect the seeds for their own preservation; however, most seed banks tend to sell to consumers.

As of early 2020, hundreds of marijuana seed banks exist with websites that allow consumers to buy various cannabis seeds, shipped discreetly to their home or business address.

Certain marijuana seed banks only sell their own brand of seed strains. The large majority of marijuana seed banks sell seeds from other brands, or breeders.

Whether you decide to breed your own or simply resell, knowing the top breeders and most popular strains is crucial to understanding the wants of consumers.

Legal Aspects of Starting a Marijuana Seed Bank

Years ago, most of the marijuana seed banks registered their businesses in either the UK or the Netherlands. Both countries allow for the sale, possession, trade and purchase of cannabis seeds legally, although neither country permits cultivation of cannabis.

Today, Spain is the most popular place to start a cannabis seed bank, due to the legality of cannabis seeds and cultivation in Spanish law.

Whatever country you decide to open your marijuana seed bank business in, be sure to carefully consider the local regulations, state and federal laws before doing so.

Creating Your Seed Bank Website

The website for a marijuana seed bank must be able to display and categorize your products, allow customers to purchase the products and keep stock inventory.

An eCommerce CMS (content management system) is often used as the software for the online store. The most popular being WordPress, Magento and Shopify.

You may consider learning the software yourself or hiring a developer, although with seed banks especially you will want this to be someone you can trust.

Payment Processing

By far the most difficult aspect of running a marijuana seed bank website is credit card processing. Due to the high risk nature of the marijuana seeds business, most of the easiest methods will not work very long.

Many seed banks are in a constant state of finding better payment processing solutions. High risk merchant accounts for marijuana seed banks exist that may help with this, although for a considerable cost.

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Buying cannabis seeds with Bitcoin is perhaps the easiest solution for marijuana seed banks to receive payment; however, only a small percentage of consumers pay with this option.

Seed Licensing, Registration, and Other Frequently Asked Questions

Provisions in Act 329, the Michigan Seed Law, authorize the Michigan Department of Agriculture & Rural Development to regulate the labeling, coloration, advertising, sale, offering, exposing, or transporting for sale of agricultural, vegetable, lawn, flower, and forest tree seeds. Act 329 also authorizes the Director of Agriculture to adopt rules for its enforcement, provides for the inspection and testing of seed, and prescribes penalties for violations.

Act 221, the Certification of Seed law, characterizes certified and certain classes of seed, authorizes the Director of Agriculture to promulgate rules and regulations governing the certification of seed as to certain genetic and other standards, authorizes the designation of official seed certification agencies, and provides penalties for violations.

  1. An inspector from MDARD issued a “Violation Notice” or “stop sale” to my retail store preventing me from selling specific seed lots because of labeling problems. What do I need to do to have the stop-sale removed?
  1. I received a seed analysis report indicating that my seed product had problems and that it cannot be sold. How do I correct the problem? Who should I notify when I have corrected the problem?
  • If test results revealed that the seed’s germination has fallen below the required minimum standards, it cannot be sold.
  • If the seed’s quality does not meet standards for other crop, inert material or weed seed, it cannot be sold unless it can be reprocessed in such a way that it meets those standards.
  • The seed is misbranded:
    • Testing showed that it failed to meet the label’s stated claims or guarantees.
    • The test date had expired.

    In cases of misbranding the problem can usually be corrected by simply replacing the original labels with new labels that reflect the information found in the official seed analysis report. If the test has expired, a new label showing the date of the latest test is required.

    If the seed cannot be sold, contact the supplier to see if they will replace it or give you credit for it. Any seed that cannot sold or returned should be destroyed.

    When the problem has been corrected, contact the inspector who issued the violation notice or stop sale order. It is illegal to resume selling any seed that is the subject of a violation / stop sale notice until a representative of the Michigan Department of Agriculture & Rural Development has verified that the seed has been made legal.

    1. What does the term KIND refer to?
    1. KIND means 1 or more related species or subspecies which singly or collectively is known by 1 common name, including, but not limited to, oats, wheat, soybeans, corn, Kentucky bluegrass, annual ryegrass, and petunia.
    1. What is a seed VARIETY?
    1. VARIETY means a subdivision of a kind which is distinct, uniform, and stable; distinct in the sense that the variety can be differentiated by 1 or more identifiable morphological, physiological, or other characteristics from all other varieties of public knowledge; uniform in the sense that variations in essential and distinctive characteristics are describable, and stable in the sense that the variety will remain unchanged in its essential and distinctive characteristics and its uniformity when reproduced or reconstituted as required by the different categories of varieties; for example, Heritage oats, Augusta wheat, Corsoy soybeans, Marion Kentucky Bluegrass.
    1. What is the difference between a seed MIXTURE and a seed BLEND?

    A blend of seed consists of more than one variety of the same kind of seed being sold in the same bag/container, each variety present comprising at least 5% of the whole. For example, a BLEND may consist of different varieties of Kentucky blue grass.