- The cannabis sector is set for exponential growth in the years to come, which has driven numerous companies to initiate large-scale production; the scope, however, is far less important than the cost-efficiency of the process
- Companies like Green Hygienics Holdings have competitive advantage due to proprietary high-tech cultivation technologies; these maximize yield and reduce the cost per unit
- Because of its investment in innovative cultivation methods, Green Hygienics has established an excellent position within the premium cannabis market
As the regulatory framework has changed dramatically over the past few years, the number of companies entering the cannabis sector has increased exponentially. In 2017 alone, there were 28,000 companies active in the field in the United States (http://nnw.fm/JiMU7). Growth continued throughout 2018, when the legal marijuana industry reached $10.4 billion and created over a quarter of a million jobs (http://nnw.fm/4luBN).
Large-scale U.S. and Canadian producers are building massive greenhouses and cultivation facilities to position themselves favorably in anticipation of future industry growth. Large-scale production is already driving prices down in the states that…
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