Ep 356 - Indoor Cultivation With Half the Energy Costs? This Sustainable Company Is Paving the Way
CannaInsider - Interviews with the Business Leaders of The Legal Cannabis, Marijuana, CBD Industry
English - July 19, 2021 09:00 - 38 minutes - 31 MB - ★★★★★ - 631 ratingsInvesting Business News Business News dispensary mmj cannabis cannabisseeds dispensaries edibles investing legalization marijuana marijuanaseeds Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Does indoor cannabis cultivation have to come with environmental drawbacks? Not anymore.
One company has found a way to minimize its emissions AND cut costs in half - all with the power of the sun. Here to tell us about it is Edward Dow of Solar Therapeutics, the first energy-independent dispensary in the world.
Learn more at https://solarthera.com
Key Takeaways:
[2:17] An inside look at Solar Therapeutics, the world’s first energy-independent cannabis cultivation and retail facility based in Somerset, MA
[2:57] Ed’s background in engineering and what led him to become CEO of Solar Therapeutics
[5:55] Solar’s unique indoor cultivation facility, including its extensive solar arrays and centralized heating and cooling systems
[8:32] How Solar implemented its own microgrid to create a 100% self-sufficient, energy-independent facility
[10:40] How Ed was able to bootstrap what’s now a multi-million dollar operation entirely from private investors
[15:25] Solar’s collaboration with Fluence to earn over $1 million in energy efficiency rebates
[17:30] The advantages of broad-spectrum LEDs for energy costs and crop yields
[19:56] How Solar significantly offsets its costs through its heating and cooling systems
[22:36] Solar’s energy costs versus other similar vertically-integrated dispensaries
[25:15] The cannabis industry’s growing carbon footprint and what it will take for companies to implement more sustainable practices
[28:21] The best-selling products in Massachusetts and new trends to look out for
[30:12] Solar Therapeutics’ goals to become a multi-state operator, from Rhode Island to New York and beyond