Geothermal energy in the context of the ever growing cannabis market

  • With the high energy cost for heating greenhouses used to produce cannabis, geothermal is seen as key element to help bring down energy costs and green up production.
  • Roughly 45% of Denver, Colorado’s increase in energy demand or load growth is directly linked to electricity that goes to power cannabis growth.
  • According to the Northwest Power and Conservation Council (NPCC), indoor commercial cannabis production can consume 2,000 to 3,000-kilowatt hours (kWh) of energy per pound of product; resulting in electricity costs representing ~20-40% of the total cost of cannabis production.
  • Because indoor cannabis cultivation energy use is so high, roughly 10 times that of a typical office building, even covering an entire growing facility roof with solar panels would likely offset no more than 20 percent of total electricity consumption.
  • Geothermal energy in the cannabis industry can be used to maintain constant temperatures of greenhouses, heat soil in outdoor operations or be used for high-temperature drying.

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