Managing the costs of growing cannabis is a particular challenge for growers. One of the largest fixed costs is electricity. Since the cost of electricity is unlikely to go down, growers need to look for new and disruptive ways to manage their use of it.
Tag Archives: Chris Walker
At the Marijuana Investor Summit in Denver on April 21, 2015, representatives from five publicly traded cannabis businesses gathered to discuss the state of the cannabis industry from a public company’s perspective.
If most of the money during the Gold Rush was made from ancillary businesses, then technology is one of the most important ancillary sectors to look at in the Green Rush. The technology panelists at the Marijuana Investor Summit in Denver had plenty of experience among them.
The appeal of LED (light-emitting diode) indoor growing lamps has always been to reduce energy costs. An indoor grow set-up with only four cannabis plants can suck as much electricity as 29 refrigerators.
With the advent of legal medical and recreational marijuana, growers and their backers are looking to optimize output in an attempt to capture market share. Within this, there also is an effort to solve the marijuana industry’s environmental issues.
Amendment 64 has graced Coloradans with the opportunity to own and operate their own marijuana grow. However, with a soaring number of in-home grows, not to mention large-scale operations, massive energy consumption has become an issue in Colorado.