Ryan Douglas, Author at Cannabis Business Executive - Cannabis and Marijuana industry news

How to Create Cultivation SOPs in an Industry That Lacks Standardization

There are no internationally accepted standards for licensed cannabis cultivation. This is due in part to decades of global criminalization of cannabis. Organizations that develop standards have little incentive to create international guidelines for criminal activity. Fortunately, with the normalization…

How to Save $200,000 (and Lose $3 Million) Launching Your Cultivation Start-Up

Start-ups have two options for building a new cultivation site: they can either piece together all of the individual components that make up a cultivation facility or invest in a turnkey project. Although turnkey facilities initially cost more than do-it-yourself…

How to Determine the Best Way to Grow: Part Two

There are three ways to cultivate cannabis commercially: hydroponically, organically, or a hybrid of the two. HydroponicsHydroponics is the practice of growing plants without soil. Instead, growers provide plants with an oxygenated, nutrient-rich solution delivered directly to their roots. The…

How to Determine the Best Way to Grow: Part One

Selecting an appropriate cultivation strategy is one of the most critical steps in launching or expanding a cannabis cultivation business. A cultivation strategy dictates how a company will produce its cannabis. This decision can determine a company’s likelihood of success…

Understanding CapEx and OpEx Requirements for a New Cultivation Business

January 10, 2021
Ryan Douglas
Cultivation
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CapEx costs are the capital expenditures required to launch a cultivation business, while OpEx costs are the day-to-day operational expenses of running that business. These figures are substantial and vary widely between indoor, outdoor, and greenhouse operations. Understanding CapEx and…