NewTropic joined a panel of cannabis movers and shakers from across the globe at Benzinga’s Virtual Cannabis Capital Conference on October 15. Click here for more coverage of this event with presentations from some of the top CEOs, investors and lenders in the cannabis space.
Starting a cannabis business is not as easy as most people think.
Much like any consumer product company, there are many aspects of the supply chain that lead up to the final product. One such aspect is the building block of any product — manufacturing.
Brands that choose to build their own facilities are faced with a dilemma — start small (makes scaling difficult) or go all in (enormous capital expense).
This is where contract manufacturing comes into play.
Contract manufacturing is a model that allows a company to outsource manufacturing responsibilities. This benefits businesses with limited resources as it offers professional operating standards, deep technical…
