Exploring the cannabis industry's energy problem

The cannabis industry has exploded across North America in the past five years amidst a new wave of optimism and legalisation, with the combined CBD and recreational cannabis industries set to be worth more than $47.3 billion by 2025 in America alone.

However, the emerging industry has been experiencing a number of teething problems, notably the greenhouse emissions of growing the crop itself.

According to a recent report there was a 45% spike in Denver’s energy consumption in 2016, which was a direct link to the cannabis growing sector.

“The key in this emerging industry is to be asset-light,” says Joseph Maskell, founder of AAXLL.

“With billions spent just on electricity in the US cannabis-growing industry, the companies that will survive the next culling, which is already in process, will be those with low capital outlays, no warehouses, no buildings, no machinery” he went on to say.

Read more at theleafdesk.com

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