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With the global legal marijuana market projected to reach $70.6 billion by 2028, more and more entrepreneurs and investors are looking for opportunities to get a foothold in this emerging industry. The specific applications and consumer trends that will take off in the coming years remains to be seen, but one of the most future-proof ways to enter the cannabis industry is to get in on the cultivation side. With that in mind, here are some criteria to look for when choosing the right cannabis growing property:
Outdoor Properties
Outdoor properties, like farms, are some of the most affordable options for those interested in cannabis cultivation. The tradeoff for that affordability, though, is increased risk. Crops are more vulnerable to extreme weather, pests, disease and theft. Here’s the criteria to look for that can help mitigate those risks:
- Good soil. Cannabis needs slightly acidic soil that’s high in nitrogen, phosphorus and potassium.
- Regular rainfall. The more natural rainfall your farm gets, the less you’ll have to rely on your irrigation system. This can save you even more money.
- Pest and disease prevention. Outdoor crops are more vulnerable to pests and disease. As a cannabis entrepreneur, you’ll need to decide whether you want to go with chemical solutions like pesticides or organic solutions like pest-repelling plants. Make sure the farm you’re interested in uses the methods you’re interested in using.
- Security. Outdoor crops are …
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