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growing weed for profit

Growing weed for profit

Cannabis Cultivation Initial investments:.1478 kWh x 1,440 hours x 145 kW = $30,870

Sales are about 1,400 lbs. per year:

So, total electricity costs will be about $55,000. Water costs will be no more than $700.

Cannabis Cultivation Direct & Operating Costs

However, one thing that’s very important to remember when doing any estimations is that although your grow light may account for a lot of your electricity bill, fans and pumps and other things in your grow room also take electricity. These other items cost 3/4 as much electricity as the grow light. It will be plus about $23,150.

Indoor cultivators produce year-round and can generate between 1 and 12 harvests per year. Main indoor cons include:

How Much Does it Cost to Grow Cannabis Indoor?

Total = $830,000.

Direct expenses include electricity, water, labor and packaging costs.

Growing weed for profit

If you’ve got a good product, you’ve got to get it into your customer’s hands and have them come back.

For the prospective grower that means knowing both the production side of the industry as well as the sales: you’ve got to be as good at producing pot as getting someone else to pay for it and smoke it.

I f you’ve had enough of your nine-to-five’s wearying toil, perhaps a change of vocation is in order. The Kwantlen Polytechnic University in Vancouver can recommend an intriguing alternative starting this September: selling pot.

The course promises to be a rigorous survey of the landscape of marijuana production and sale, educating prospective growers in everything from irrigation to marketing.

4. Build a boutique brand

But in the end, it comes down to loyalty and marketing: “With beer and wine the marketing and branding is important but the flavours really contrast. Marijuana strains vary, but in terms of actual flavouring there may be less variation. So it has to do with branding.”

So what exactly makes for a good professional manager of marijuana for medical purposes?

“As with any agricultural crop,” Adams says, “there are going to be ongoing issues with pest management that you need to look at.” Energy consumption, too, poses challenges few people consider. “Indoor facilities especially have huge electrical bills,” Adams points out. “For a four- to five-thousand square foot place you’re looking at around $30,000 a month. That’s a lot. That’s $360,000 a year for the lights in just a small facility.”

3. Build a client base – and keep them

Growing and selling marijuana the proper way is rather more difficult than simply popping a plant under a black light in your closet. Doing it right means planning to grow on a large scale – and planning to deal with large-scale problems.

Preparing for such eventualities is a key part of any business plan. “If you were going to grow any crop, you would sit down and make your production plan. You would look at how much money you would spend on different input, and also look at how your production and labour are going to work within regulations.” Of particular importance is the MMPR – the Marijuana for Medical Purposes Regulations, which govern the production of pot for legal use and sale in Canada.