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how much does it cost to grow marijuana

How much does it cost to grow marijuana

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

Warehouse 7,700 sq.ft. for about 1,000 plants with estimated yield of 350 lbs., 4 harvests a year.

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

Cannabis Cultivation Direct & Operating Costs

Thus, the direct cost of growing the cannabis will be around $180,700 or $516 a pound (42% of wholesale price). It doesn’t include administrative, marketing, distribution costs and taxes, which varies depending on the location.

We offer The Cannabis Cultivation Financial Model which is a fully-functioning Excel financial model that uses a mix of assumptions to estimate cannabis yields, all revenue and cost line-items monthly over a flexible seven year period, and then sums the monthly results into years for an easy view into the various time periods.

Lets try to calculate how much electricity does it take to grow cannabis indoors for our scenario:

How Much Does it Cost to Grow Cannabis Indoor?

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

Total = $830,000.

How much does it cost to grow marijuana

According to Grand View Research, the global market could grow to over $146 billion per year by 2025. The legalization of weed in Canada means that America will no longer have such a huge market share, but the industry will grow to unprecedented levels in the near future.

Building Your Grow Room

How long do you spend tending to your marijuana plants? Compare it to how much you are paid for working per hour. Even if it works out at around $20 a day, that equates to $1,400 during a 10-week grow.

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Other Equipment

If you are using soil, it is also necessary to purchase different sized pots. When your plant grows, you have to transport it to a larger pot. You also have to purchase soil. There is also the option to buy hardware such as stakes, zip ties, anda screen if you are going to attempt the Screen of Green (SCROG) or Sea of Green (SOG) growing methods.