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 Marijuana seeds are mostly intended for planting, whereas hempseeds are often used for nutrition. Here's a look at the marijuana seed trade. 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.
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.
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.
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.
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.
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.
Starting a marijuana seed business: What you need to know
With marijuana and cannabis use rising rapidly as legalization sweeps the nation, it is easy to see why more and more people are wanting to jump on the bandwagon and start their own marijuana seed business.
If run and managed well, a marijuana seed business can be a lucrative market to be a part of and can offer a huge number of benefits for both customers and the business alike. Seed production is less regulated than many other businesses, because consumers do not ingest them directly. Remember, we’re not talking about hemp seeds for eating, we’re talking about seeds for planting.
So, how can you go about starting up your own marijuana seed business? Learn more with our guide for getting started with your seed bank business today.
How many seed banks are there?
Before you get started with your own seed bank business, you should look at the competition you are facing. Though cannabis has not been legalized globally yet, its legalization is becoming more common and, in line with this, more and more seed banks are popping up.
Don’t just consider local seed banks, either; though there is a niche for local seed banks in certain areas where cannabis seed sale and purchase has been legalized, such as in Canada, the vast majority of online seed banks operate in a global market. The Dutch have dominated the field for decades and still produce top quality seeds but their leadership on cannabis reform has flailed in the current millennium. So, you should consider not only local or national seed banks but global seed banks and what they offer for customers.
As of the start of 2020, it is safe to say that customers have hundreds of different options for seed banks. There are the big players, of course, such as ILGM, MSNL Seed Bank, and Crop King Seeds (just to name two of the most well-known names). However, new seed banks are also popping up regularly. Each of these has to offer something new to entice customers, be it new strains or great prices and promotions. And, after all, since you’ll likely be operating in a global market you’ll need to work hard to get new customers to come to your seed bank as opposed to choosing an established one.
Don’t Forget to Consider the Legalities!
Different countries have different laws regarding the cultivation of cannabis and its sale. Therefore, it is important to make sure you check the different rules for your country (and potentially even your region) before attempting to start a seed company. For example, in certain countries or areas, running a seed bank may be completely legitimate and not illegal, whereas other areas may have a different stance. There are even differences between states often, so do your research first.
Getting Started with your New Marijuana Seed Company
So, you’re ready to get started with opening your marijuana seed company. But what do you need to do during this early stage of opening your business?
Understanding Strains and Seed Selection
First, consider whether you’ll be selling your own unique strains or reselling other breeders’ cannabis seed strains. There are pros and cons to both options, which may suit your needs differently depending on how you intend to run your marijuana seed business.
If you are selling other breeders’ strains, you’ll likely face more competition from other seed banks as these will likely be available elsewhere. You won’t have much control over the quality of the seeds that you are selling. Furthermore, since these strains will likely be available elsewhere, you might need to offer great promotions or discounts for the seeds – you may even need to operate as a loss leader in order to entice new customers.
Alternatively, you could breed your own strains of seeds for sale. By breeding your own seed strains, you will have full control over the quality of seeds that you’re selling as well as having a great USP (unique selling point) to entice new customers. Since these seeds won’t be available anywhere else, if people want to try the new and exciting strain then they will need to shop through your marijuana seed bank to get the seeds! Of course, there are two glaringly obvious drawbacks to this system: for one thing, you will need to develop your own strain of seed in the first place (which can take a considerable amount of time) and, secondly, you’ll also need to make sure you have the facilities in place to produce enough seeds to keep supply met for your seed bank’s customers.
In addition to this, you should also consider offering feminized and auto flowering strains to your customers. These are often popular choices and you may lose sales if you don’t offer them, whether you sell your own strains or sell other breeder’s strains.
Get the Website Right!
Your website will likely be the main thing that your new customers judge you on, so make sure you get this right. Website builders such as WordPress, Magento, and Shopify are great for E-commerce stores, so you may want to consider building a website with these – or otherwise hire a developer.
Before you even make your first sale, you’ll need to have a think about how you will accept payments from your customers. Common payment options for seed banks include Visa and Mastercard debit and credit card payments, cryptocurrency (especially Bitcoin), bank transfers, and the like. Do your research and choose a payment option that will give your future customers plenty of chances to make a payment in a manner that they feel comfortable with! Don’t forget to consider how your payments will appear on your customers’ bank statements, too – discretion is key for seed banks! Now you can get free Bitcoin for the things you already do in daily life.
Above are just some of the things that you’ll need to think about when opening your seed bank. There are a huge number of different factors to consider even in the early stages. However, don’t get these first days wrong; make sure you put in the time and effort to make your seed bank the best it can be if you want to be able to compete in the growing, competitive, and highly international cannabis and marijuana seed industry.
How to Start a Marijuana Seed Bank Business Pt. 1
Expand your reach, connect your community, inspire a culture of cannabis growers. Simple, honest cannabis business fundraising and crowdfunding for the networked world.
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.
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.
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.
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.