The cannabis industry is hiding a dirty little secret.
According to Evan Mills, a California-based energy and climate change scientist, the cannabis industry has a major problem…and it’s likely to get worse before it gets better.
“Legislators and energy agencies have largely turned a blind eye to the carbon footprint of indoor cultivation, which already belches out greenhouse-gas emissions equal to that from 3 million cars in America,” says Mills.
In fact, just one cannabis cigarette creates over 10 pounds of carbon dioxide pollution. An entire kilogram of finished product? That produces a staggering 4600 kg of CO2 emissions to the atmosphere.
As far back as 2011, the then-illicit industry was racking up an energy bill of $6 billion per year in the U.S. That’s double the energy spent by all pharmaceutical companies combined!
And this was before commercial sized indoor growing facilities started popping up across the United States. The runaway-growth in the cannabis industry, fueled by rolling de-regulation and a high demand forecast, is bringing with it a growing carbon footprint.
But luckily, a handful of companies are trying to repair the damage. Firms like Cannabis One are bringing smart clean energy policies to the pot industry. “You’ve got to be smart,” says Cannabis One CEO Jeffery Mascio, ”or sooner or later, you’ll have to turn out the lights.”
The single most important factor in the cannabis sector has been growth—driven by rolling de-regulation and de-criminalization (and, in Canada, complete legalization).
In the United States, dozens of state governments have passed legislation, legalizing cannabis for medical use, or de-criminalizing it for recreational use—and the market has been growing by leaps and bounds as a result.
“You’ve never seen anything quite like this,” says Jeffery Mascio, CEO of Cannabis One Holdings, a company that develops and markets cannabis products in Colorado, Washington and Nevada. “It’s a new industry that’s sprung up practically over-night.”
Since 2011, legal cannabis sales have increased dramatically—fueling the growth of an industry which in the United States is worth $10 billion and employs 250,000 people.
Read more at finance.yahoo.com