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Home 🌿 Marijuana Business News 🌿 US Marijuana Production Energy Costs Exceed $6 Billion 🌿US Marijuana Production Energy Costs Exceed $6 Billion
New Frontier, the leading Big Data provider in the cannabis industry, analyzes the high energy costs associated with cultivating marijuana in its latest report, Illuminating Cannabis: The Future of Energy in the Cannabis Industry. Marijuana is the most energy intensive agricultural crop produced in the U.S. Its production consumes one percent of the country’s electrical output at a cost of $6 billion annually, using the energy equivalent of 1.7 million homes.
“Both operators and legislators will need to be very mindful of the high energy demands of the legal cannabis industry. Companies that adopt the most energy efficient practices will have an important cost advantage as the industry becomes more competitive and prices fall, and states that prioritize energy efficiency will reduce the fast-growing industry’s impact on the grid and on the environment,” said New Frontier Founder and CEO Giadha Aguirre De Carcer.
“Most key parties are not yet engaged....
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