While cannabis cultivation required relatively trivial amounts of land and water, a tremendous amount of value is being produced for the burgeoning commodity. In the United States, a wholesale pound of quality smokable cannabis flower can fetch between $1,500 and $3,000 or more, while a pound of coffee or tobacco cost $1.78 and $2.05 per pound, respectively.
An in-depth look at water usage in the regulated cannabis cultivation market reveals how it compares to the illicit market and traditional agricultural sectors. On a per-pound basis, cannabis might be better compared to more valuable, scarce cash crops.
Mid-range cannabis in the United States, costing approximately $1,500/lb., is comparable to the price a pound of saffron fetched in Delhi, India, last year ($1,496), or the same amount of Italian white truffles ($1,581).
Consequently, cannabis is not only one of the world’s most valuable cash crops, but the industry’s market value has potential to increase dramatically, with only incremental increases in production.
Across the globe, nations which have legalized cannabis for either medical or adult use have found the plant to be an enticing source of additional revenue. At the same time, agricultural research and innovation should normalize cultivation practices and lead to greater resource efficiency.
Bureaucratic Restraints Constrain Cannabis as a Commodity
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
Episode 758 of The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis business news, interviews, investments, events, products, reviews, and some random stuff. But as Jay-Z said "it's only entertainment."
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
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