3 minute read
GROW& PROTECT
Breakthrough, patented technology for cannabis and hemp growers.
ALL NATURAL • PHARMACEUTICAL GRADE • SAFE
INSECTICIDE SPORICIDE FUNGICIDE
Knock-down and kills botrytis, wilt and fusarium
Kills and prevents powdery mildew and phythium rot
NEMATICIDE
Kills worms, mites, aphids and thrips
Root stimulant and nematicide
Operate an e ective IPM (Integrated Pest Management) regimen with GroPro products. 0 REI, 0 PHI, and MRL exempt
The foundation of GroPro’s revolutionary technology is our proprietary AMPx™ production process. Our tightly controlled manufacturing method starts with plant extracts, sourced from our facilities, then passed through our AMPx platform. AMPx technology allows us to re ne these plant-based oils, the building blocks of our pesticide line, to the highest level of purity in the industry. The AMPx process then micronizes these highly puri ed, highly concentrated extracts and reduces them into an ultra ne micron designed for optimal performance. The AMPx process results in products that are highly “bio-available” and “target-speci c”, delivering more activity with fewer total active ingredients.
Safe for indoor and outdoor crop control
When used as directed.
NECANN Cannabis & Hemp Convention
NECANN events are carefully curated for each state in which the event takes place. This year, it’s hosting events all over the country. Its Vermont show, May 6-7, featured a keynote on the history of cannabis concentrates from Kimberly Hooks, CEO of Frenchy Cannoli Brand hashish. Between thoughtprovoking panels and an array of exhibitors, NECANN conferences offer something for everyone from casual enthusiasts to high-level entrepreneurs. Check out NECANN.com for a full list of 2023 events.
MJ Unpacked
High-level networking, investment opportunities, capital acquisition, and stimulating thought leadership came together to make New York’s MJ Unpacked an unforgettable experience. From dozens of thoughtfully-arranged exhibitors to insightful educational sessions, MJ Unpacked facilitated an elegant atmosphere for collaboration. New York is a complex regulatory environment facing waves of unlicensed operators contending against operators eager to participate in a legal marketplace. This event covered the complexities, highlighted those working to make the new market a success, and elevated the conversation around cannabis as a consumer-packaged good. Its next event takes place in Detroit in Oct. 2023.
Benzinga Cannabis Capital Conference
Miami Beach, FL set the backdrop for the 16th edition of the Benzinga Cannabis Capital Conference. The two-day conference connected investors with entrepreneurs, encouraging growth and innovation despite a gloomy economic climate. Executives from Twitter, Uber, and other tech companies presented on the connection between mainstream and cannabis consumer products. From celebrities to congressional representatives, this event brought together change-makers from every level of the industry. The next event takes place in Sept. 2023 in Chicago.
A look at the metrics shaping the cannabis business market — and our lives
Both domestically and abroad, the demand for cannabis is rising. While more access to cannabis is cause to celebrate, can the industry step up to embrace sustainable agriculture? On March 23, 2023, United Nations Secretary General Antonio Guterres released a statement regarding the climate crisis, noting, “Climate change is making our planet uninhabitable.” Guterres went on to say humanity must “live up to our responsibilities and ensure that future generations inherit a better tomorrow.” In the spirit of this call to action, let’s take a look at some of the numbers around sustainability and cultivation in the cannabis sector.
6,881 6,881
The cannabis cultivation market size value in 2023 is $475.9 billion.
Number of Cultivation Licenses in California in 2022, the most of any American state.
Source: Statista.com
Cannabis cultivation in California uses 4 billion liters of water annually, significantly less than California’s other top agricultural commodities.
Source: cen.acs.org/New Frontier Data
California makes up 57.9% of total U.S. cannabis cultivation.
Source: newfrontierdata.com
The compound annual growth rate of the global cannabis cultivation market is 21.3%. At this rate, the market will be worth $1,844.1 billion by 2030.
The carbon footprint of indoor cannabis is between 16 and 100 times more than outdoor cannabis on average.
Source: 2022 World Drug Report
Hemp accounted for 78.7% of the cannabis cultivation market in 2022. Industrial consumption accounted for 71.3% of revenue in the cannabis cultivation market.
Source: Grand View Research
74% of growers use lightemitting diodes (LEDs) during propagation.
70% of growers use LEDs during the vegetative stage.
71% of growers use LEDs during the flowering stage.
Source: 2022 State of the Cannabis Lighting Market Photos and graphics via istockphoto.com
Source: cen.acs.org
Illegal cannabis cultivation accounted for
83% of the industry’s water use in 2020. of the U.S. energy demand goes toward cannabis cultivation.
In 2019, the estimated total amount of cultivated cannabis in the U.S. (both illicit and legal) was:
29.9 million pounds.
The industry’s total water use will increase by
86% by 2025 compared to use in 2020.
Source: cen.acs.org/New Frontier Data
The total share of that in the legal market was: 5.2 million pounds.
17.39%
Source: newfrontierdata.com