The market for cannabis extraction globally in 2020 was valued at $9.7 billion. By 2027, the market size is expected to reach $23.7 billion, expanding at a CAGR of 16.6%, according to data from Grandview Research. Although starting up a marijuana extraction facility can be cost-intensive, the cost of running it is little, thus making it a profitable business in the long run. Here are some crucial factors to consider in running this business.
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