It’s no secret that the cannabis industry has seen double-digit growth over the last few years. In fact, it’s now seen as one of the fastest-growing industries around the world.
According to the cannabis sales data platform BDSA, 2021 was a breakout year for the legal cannabis market in the U.S., with legal sales estimated at $25 billion, representing a 40% increase over 2020. By 2026, BDSA predicts the legal U.S. cannabis market will reach $41 billion in annual sales which is roughly the size of the current craft beer industry. Think about that one for a minute.
The Growing Movement Toward Legalization
The cannabis market growth has been driven by key legislative factors. Legalization varies by state and type of usage in the U.S., with 38 states and Washington, D.C. legalizing medical marijuana and 18 of those states plus Washington, D.C. also legalizing marijuana for adults over the age of 21 as well. Additionally, Canada has also seen steady growth in retail sales since the federal legalization of cannabis for both medicinal and recreational use in 2018.
As any veteran grower will tell you, a lot has changed in the last 30 years with respect to how the cannabis industry is viewed. As more and more states launch medical and recreational programs and the industry becomes increasingly legitimized, a market for specialty indoor cultivation equipment is forming. This trend benefits the cultivator as they are increasingly able to find purpose-built equipment to help manage their indoor facilities efficiently to ensure maximum profitability.
How Technology Has Advanced the Cannabis Industry
Growers now have another edge working to their advantage. And that’s the tools and technology that have become available to help them cultivate more efficiently.
“As best practices with respect to indoor cultivation continue to evolve, one golden rule always holds true—the more control cultivators have over their indoor environment, the more profitable they will be,” says Anden Director of Operations, Chip Seidel.
“By controlling the moisture level in the grow environment,” he adds, “the cultivator can modulate the rate at which the plant gives off and takes on water—this allows for the ability to manipulate the plant’s entire metabolic system. Adjusting the plant’s metabolic rate allows cultivators to achieve the desired levels of oil production, terpene profile, and THC potency, which directly influences profits.”
Modern grow rooms have come a long way since clandestine operations hidden in basements. Innovations in performance and efficiency give growers more control over their environment at every stage of the plant cycle. Growers today also have the support of established professionals in the field. As industry leaders, the Anden team is known for providing advanced product technology, world-class support, and superior technical expertise. When it comes to growing, we never cut corners, and neither should you.
We provide growers with guidance on how to determine the equipment needed for any size operation. Check out Anden’s sizing forms for grow rooms and greenhouses to identify the specifications relative to your space – including room dimensions, lighting, temperature, and humidity—and receive a customized solution.
We’re Built for Grow
As the cannabis industry has grown, there are more players than ever in the field. Here at Anden, we’re committed to the cultivation industry and have been serving it for over 80 years. Check out all the benefits that set Anden apart, including our focus on innovation and our customer-first approach.
Know more. Grow more.
We believe that the more you know, the more you grow. Have a question? Need help getting started? Give us a call 1-800-972-3710 or drop us a line.