Cannabis Extraction Labs looking to interact with verified buyers and sellers of cannabis products on a secure Cannabis extraction Marketplace can join the NorCal Global Commodities Exchange, or NorCal GCX.
In the buying and selling of cannabis products, cannabis extraction labs are often contacted by agents or brokers representing either buyers of cannabis products that have gone through the extraction process or sellers of cannabis products in need of extraction services. When this happens, these agents are often just fishing for information to compare one lab with another lab. This creates false hope for the lab believing they have a sale as a result of misrepresentation, which overall hinders the industries perception from the public when it comes to the CBD industry as a whole.
NorCal GCX has set in place a self regulating marketplace that only caters to vetted extraction labs and buyers and sellers of cannabis products, eliminating the middle man in between. This includes the real investors who were previously going through a middle man or broker to the extraction lab facilities and to the end user of the derived cannabis products; all of these business owners and individuals can now access the Extraction Lab’s products right through the GCX Exchange, which is powered by Podio.
Every cannabis extraction lab that is looking to join the growing GCX
Exchange Marketplace and have your profile listed inside the exchange
must go through our vetting process. The vetting process consists of a
$1,500 fee that is paid to NorCal GCX. A representative from NorCal GCX
will visit, vet, and verify that the laboratory is in fact who they
claim to be. Also included is a review of the lab and its facilities,
along with proof of licenses that are uploaded into the Podio Portal.