Do Well by Doing Good: Using Energy Efficiency and Sustainability to Meet Demand in the Evolving Cannabis Industry
A sustainable approach to energy consumption for your cultivation operation may soon be required - or at least strongly encouraged. More and more, jurisdictions across the globe are moving toward energy efficiency standards and goals for the industry in order to mitigate massive strain on grid demand and stress on utility companies.
As the industry continues to grow and competition multiplies, impending price pressure in individual markets will become increasingly prominent. The difference in operating costs between your business and your competition may be the difference between profit and loss. Cultivators looking ahead and planning for the future should incorporate energy efficient practices into their business strategy, especially as regulators begin to implement energy consumption caps and utility companies begin to offer energy saving incentives and rebates.
Businesses must look for ways to decrease carbon footprints and work toward more environmentally friendly solutions as cannabis continues to progress. Implementing energy efficient practices to reduce impact on our energy sources is just one way cultivators can meet their sustainability goals. Your cultivation operation can increase profitability, reduce energy use and dramatically impact the bottom line by considering factors like heating, ventilation, air conditioning and dehumidification (HVACD) and lighting equipment.
Implementing long-term energy efficiency strategies will result in substantial savings and strong business results. This presentation will review energy standards as they relate to the ever-changing cannabis industry, and outline fundamental steps cultivators can take to significantly influence energy efficiency and sustainability goals.