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.
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.
Justin Trudeau recently announced that recreational cannabis will finally be legal across Canada as of October 17th. This is a very exciting time for Canada as advocates and businesses around the world are watching. With just over three months to go until the official legalization date, we’ve created a timeline of cannabis legalization in Canada:
Industry leading licensed cannabis producer and GGS client, CannTrust Holdings Inc. held the official grand opening for their Perpetual Harvest Facility earlier in the week. The goal of the facility is to have a harvest every day and their team is working quickly to make that happen.
The facility is located in the Niagara Region, Ontario, and currently sits at 450,000 square feet of cultivation space and outputs roughly 50,000 kilograms annually of dried product.
Leigh Coulter, president of GGS Structures, recently met with BNN Bloomberg at CannTrust’s Vaughan facility for a look at the inner workings of a commercial cannabis growing facility and to discuss what’s involved in being a top supplier for the legal marijuana industry.