growing weed setup cost

Growing weed setup cost

As temperature and humidity play such a crucial role in growing marijuana, purchase a thermometer and hygrometer, or an all-in-one device. They are available for just $10. If you live in an area where the water isn’t suitable for weed, consider buying a reverse osmosis system to purify the water. The cost ranges from $150 to thousands of dollars.

Incidentally, Canadian companies are selling ‘starter kits’ for under $500. They consist of a 2’ x 2’ grow tent, nutrients, pH drops, a digital timer, clip fan, adjustable hangers, lighting, and CO2 bags. You also have to factor in the cost of electricity, but that is an exceptional deal.

If you live in a state where it is legal to grow weed at home, you don’t have such worries. What you need to determine is if your weed usage warrants a home grow. In this guide, we take a brief look at the cost of setting up an indoor marijuana grow room at home.

A 3’ x 3’ tent houses up to four plants and could cost more than $200. Larger tents may cost over $300.

Other Equipment

With legal medicinal marijuana now available in 33 American states and D.C. , the industry is set for a golden age. In fact, there are so many commercial cultivators that states such as Oregon have a massive surplus. In 2017, the global legal marijuana industry was worth around $9.5 billion per annum; the United States accounted for 90% of it!

Filters aren’t a necessity, but they clean the air and eliminate the smell of weed. Typically, you can expect to pay over $100 for a filter and duct fan combination. You also need clip fans to keep your grow tent closed and circulate the air inside; they cost approx. $30.

We also recommend purchasing a pH testing kit. If your crop’s growing medium is outside the 6.0 to 6.8 range (5.5 to 6.5 for hydroponics), the ability of the plants to absorb nutrients will be compromised. There are decent pH testing kits for just $20. You should also invest in a digital timer for around $25. They ensure that your plants are growing on the right lighting schedule.

Labor Costs

If you use a hydroponics setup , you must purchase an inert growing medium such as coco coir or rockwool, and are also responsible for ensuring that your crop gets all the nutrients it needs. The cost of the system itself depends on the ‘type’ you choose. For instance, a 12-plant watering system could cost over $500, but there are cheaper options for under $200.

If you choose the most basic of setups, you can begin growing marijuana at home indoors for under $2,000. The main benefit is that you can enjoy several harvests each year, and most of the equipment you purchase can be used over and over again. Smaller setups might produce 200 grams which works out at around $10 a gram.

Growing weed setup cost

Thus, the direct cost of growing the cannabis will be around $180,700 or $516 a pound (42% of wholesale price). It doesn’t include administrative, marketing, distribution costs and taxes, which varies depending on the location.

We offer The Cannabis Cultivation Financial Model which is a fully-functioning Excel financial model that uses a mix of assumptions to estimate cannabis yields, all revenue and cost line-items monthly over a flexible seven year period, and then sums the monthly results into years for an easy view into the various time periods.

Warehouse 7,700 sq.ft. for about 1,000 plants with estimated yield of 350 lbs., 4 harvests a year.

Direct expenses include electricity, water, labor and packaging costs.

Good lights are one of the most important factors when growing cannabis indoors. You can achieve yields of around 1.3-1.5 gram per watt of light.

Indoor cultivators produce year-round and can generate between 1 and 12 harvests per year. Main indoor cons include:

However, one thing that’s very important to remember when doing any estimations is that although your grow light may account for a lot of your electricity bill, fans and pumps and other things in your grow room also take electricity. These other items cost 3/4 as much electricity as the grow light. It will be plus about $23,150.

So, total electricity costs will be about $55,000. Water costs will be no more than $700.

Cannabis Cultivation Direct & Operating Costs

Total = $830,000.

Sales are about 1,400 lbs. per year: