$10 billion in legal cannabis sales, is there still room to grow?

The legal recreational and medical cannabis industries have seen no shortage of excitement over the last few years with more countries and states consistently advancing new laws and with jobs in either sector growing faster than both the tech and healthcare sectors. Of course, this is hardly a surprise when you take a look at the dollar figures being generated by the legal industry.

Advantages of growing hemp in a greenhouse

With the passage of the 2018 Farm Bill last year, the United States gave the green light for farmers to begin cultivating hemp by removing it from the list of Schedule I Controlled Substances. Hemp has been grown for hundreds of years all over the world due to its versatility as a textile and for its health benefits, but because of its similarity to marijuana, hemp was made illegal in 1937 under provisions in the Marihuana Tax Act. The 2018 Farm Bill allows hemp to be treated as the agricultural commodity it has always been.

Switching from Hemp to Marijuana? 3 Things to Consider

The legal cannabis industry is rapidly expanding with new legislation being considered and often passed in one state or another almost weekly. However, strict regulations, high taxes and restricted sales have created obstacles for cannabis cultivators to grow their product and see a profit, especially those catering to the THC market. This is why so many growers are entering the CBD market, or more specifically, opting to grow hemp instead.

4 Key Differences between a Commercial Cannabis Greenhouse and an Ornamental Greenhouse

When the legal industry began to emerge, indoor cannabis grow facilities were considered ideal for optimal growing because of the ability to control the environment entirely. However, the industry is seeing a steady decline in cannabis prices so it’s becoming increasingly expensive to operate an indoor grow facility. As such, more and more growers are turning to greenhouse structures for their cannabis grow operation.

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