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The Cannabis Industry Is Set to Grow — So Is Its Environmental Impact

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Alternative Energy,Business,Markets

With weed on the ballot in four states, the industry is increasingly being forced to confront its energy, water and land use.

Bruce Campbell, president and portfolio manager at StoneCastle Investment Management, joins BNN Bloomberg to discuss the cannabis sector outlook amid U.S. regul

The heating and lighting needed mean a kilogram of dry cannabis flower grown indoors can produce 1,500 to 4,000 kilograms of carbon dioxide equivalent, said Benjamin Goldstein, head of the University of Michigan’s Sustainable Urban-Rural Futures Lab. In comparison, he said, a kilogram of lettuce only emits one to two kilograms.

Growing cannabis outdoors has significantly lower carbon emissions. But with the drug illegal under federal law, “we cannot have interstate commerce, which means that you are not able to grow cannabis in the sunny, perfect outdoor climates and then ship it around to other states that are less conducive to outdoor growing,” said Aaron Smith, chief executive officer of the National Cannabis Industry Association, which represents over 450 businesses.

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