All cannabis growers know that every plant, tool, inspection, technology, nutrient, analysis, and harvest that goes into a crop contributes to the product's price.
To remain competitive in the cannabis industry, controlling production costs without giving up any quality of cannabis is pertinent. Producing a higher yield of cannabis without sacrificing quality is the goal.
Jushi Holdings, Inc., a company based in Florida with cultivation facilities in Nevada, Virginia, Pennsylvania, Ohio, and Massachusetts, stated, "Our No. 1 goal is the more efficient production of a high-quality flower."
Traditionally cannabis growers aimed to produce $1 per gram of dried flower. Currently, cannabis growers are looking to create as many grams as possible within a particular space. Supplemental lighting of that space directly affects the amount of cannabis grown. Happy Healing Farm in Oregon states that it produces between 0.8 and 1 gram of cannabis per watt of supplemental lighting. Increasing the illumination reaching your cannabis will increase the yield. Using LED grow lighting and vertical growing will increase your space and light per watt increasing your cannabis yield. Though changing to LED grow lighting may be costly at first, the overall benefits of producing high crops with fewer energy costs meets the need to make more without surrendering quality.
Nutrients are expensive and are one of the highest costs for growing cannabis. Growers need to analyze suppliers regularly to ensure they are getting the best price possible.
Labor costs are intensive. Factoring in hiring, training, and employee relations can increase the frustration and expense of growing cannabis. It is best to have a small group of workers you can trust and know what they are doing, and you pay them well for what they do rather than have an abundance of workers who have no idea what they are doing, but your payroll is less. Cutting payroll costs but not having skilled workers will ultimately affect the cannabis yield and quality negatively.
Learn more at https://www.cannabisbusinesstimes.com/article/costs-vs-quality-striking-a-balance/