First, red spider lily contains toxic chemicals. You would need to properly extract galantamine in order to get rid of noxious chemicals. Second, unless you can grow them outside (southern states only) you could never get enough flowers.
Lets assume you can get enough flowers. You need equipment to do "fractional distillation" and that wil be no less than $200-300. You basically start with a closed column that slowly drips hot alcohol over the flowers. Then you take the alcohol and heat it in the equipment. You must find the exact boiling point of galantamine (easy enough) and get rid of everything that distills off before that temp, and stop distilling as soon as the temp raises above that.
Not overly easy, and with the equipment cost, it is probably not worth it.
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