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.
Every day, the cannabis industry changes as innovators introduce amazing new ideas and products. We see this first hand both at our own company and through our customers that work every day to bring quality products to the market. These innovations take dedication which is why we are especially excited about one of our own innovators today.
This summer has been a busy one for Surna. We’ve been traveling to a lot of industry events around the country. Last month, we were in DC and Toronto and last week, we went to Oakland and New York for cannabis industry related events. Both of these events were a success for us. Not only did we get to meet more people in the industry, but we also attended some great discussions on a range of topics.
Last week, Canada finally released its much-anticipated marijuana legislation, making it the second country in the world after Uruguay to legalize marijuana for recreational usage. This is an important moment in the development of cannabis as a global industry and we are all watching Canada take on this new challenge. At Surna, we like to stay up to date on everything cannabis-related and have been watching these developments carefully. Now that legislation has been presented, we’ve put together 5 things you should know about how Canada got here and what recreational marijuana will look like for the nation.
As cultivators and owners know, building out a commercial sized facility takes a lot of time, patience and money but can be extremely lucrative in the long run. Large-scale commercial facilities that are up and running are generating huge profits, mostly in cash. But this type of revenue takes time. To get to a place where a facility can sustain itself financially, owners first must go through the long and expensive process of licensing, permitting, obtaining land and/or buildings and, of course, choosing lighting and environmental control.
Biosecurity is quickly becoming one of the most important topics in the cannabis industry. Testing standards are getting stricter and rates of tainted crops are sky rocketing, causing supply shortages and significant financial blows to cultivators all over the continent. Crops with mold or fungus can be deadly to consumers—especially those with lower immune systems, like many medical users. The alternative for many cultivators is to use chemicals like pesticides and fungicides to combat mold but unfortunately, these still pose a threat to consumers, placing cultivators in a catch-22 situation. Should you risk mold and fungus by avoiding chemicals? Or should you introduce potentially harmful chemicals to your plants to ensure against mold and fungus? Neither is a good option. Not only do these options put consumers at risk but, with increased regulation, they also put cultivators at risk of losing significant profits from having to dispose of sub-par harvests.
You’ve finally gotten your license and funding, picked out a facility, picked out equipment and pulled the trigger. Now what? Sometimes, the hardest part of setting up a facility comes when you’re ready to begin construction and have to get everything in order. You want to be sure that your new equipment is going to be installed and maintained correctly and efficiently, offering you savings on operating costs and the peace of mind that your plants are healthy and safe all hours of the day.
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.