The truth is, there is a strong business case to be made for cultivating in controlled environments. And in the near future, as renewable energy options increase and climate change continues to impact weather patterns, there will be a strong sustainability case to be made as well.
Category: cannabis business
According to urbandictionary.com, if you flip something you make a profit out if it. The same could be said in our industry for the term flip. There are a several good reasons to operate your grow on a “flip.” This basically means to never run all your grow rooms on the same schedule. Why is this important? To understand this, we must understand peak energy times.
Two weeks ago, the Surna team headed to Las Vegas to exhibit at the 6th annual Marijuana Business Daily Conference and Expo (MJ Biz Con). We were delighted to participate again this year as MJ Biz is always a significant show, offering new entrants and veterans of the industry alike an opportunity to learn about the latest industry developments.
Right now, cannabis in the United States is a hotly debated topic. Many people are anti-prohibition citing medicinal uses, economic growth, job-creation and removing its incentive from underworld criminals as reasons for creating a legitimate, regulated cannabis industry. Others see negative impacts of legalization, believing that cannabis is harmful and prohibition only keeps citizens safe. But more and more, the consensus is moving toward the former with a new poll suggesting 93% of voters support medical marijuana and 59% support full legalization. Elections in November highlighted this trend as four states adopted medical and another four voted in favor of adult-use programs. Now a record 60% of the United States’ population live in a state that has legalized in some form.
Designing an indoor garden can be complicated. Cannabis is a new industry and though growers can pull best practices from similar industries, the fact remains that setting up a commercial cultivation facility is complicated and hard to navigate for new entrants. From navigating regulatory requirements to finding an appropriately zoned facility to choosing the right equipment, nothing about this process is simple. As soon as one task is completed, another task needs attention.
This is an exciting time for Cannabis. An estimated 84 million Americans will be affected by proposed cannabis legislation on the ballot next week. This is significant for the industry, marking a turning point in our country’s relationship with the plant. However, as more and more states come on board, it is inevitable that cultivation operations will begin multiplying at incredible rates. It is important that this innovative industry approach these new opportunities responsibly and in a way that shows the world that we understand and respect the resource constraints we are facing. The good news is that, because the industry is so young, we have the chance to set standards on how we will utilize resources.
An increasing trend in cannabis licensing and applications is either for applicants to be required to list expected energy consumption (Oregon) or to award additional points to those planning to use energy efficient equipment (Illinois).
Your state has legalized either medical or recreational cannabis and it looks like a great business opportunity. One of the first hurdles that must first be completed before entering the legal cannabis industry is the application process. Each state has different rules regarding how licenses will be awarded – some are based on a lottery, some based on the highest scoring application, and other simply award a license to everyone who meets the minimum application requirements. Regardless of how your state decides to award licenses, there are a few things that have thus far been consistent across all states. Here are 7 things you can expect when applying for a cannabis business license.
With the difficulty of finding financing in the cannabis industry, it may be tempting to build a cultivation facility as cheaply as possible. While this may sound like a great option in the short term, chances are, you will be kicking yourself in the future as monthly bills stack up, making it difficult to turn a profit.