By Dan Turpin | Published May 30, 2023
The legal cannabis industry has become a major market with the global medical cannabis market anticipated to be $20.24B in 2023 and $56.75B by 2028.1 Couple this with the ever expanding number of states legalizing recreational use of marijuana and losses to cultivation farms are going to become more frequent.
The insurance industry and their experts are still learning the nuances of these types of facilities and the learning curve can be long due to the many different grow operations currently in business in the U.S. Grow facilities range from converted vegetable green houses to sophisticated lab and growing rooms that rival big pharma research and development facilities. These sophisticated cultivation operations have their own set of idiosyncrasies and protocols that make mitigation and construction challenging, below are some of the most common areas of concern:
The items listed above are not an exhaustive list by any means, these are just the most common areas that we see issues arise during our projects. Retaining knowledgeable experts (consultants, engineers, hygienists) and working closely with the facility is the best way to avoid many of the pitfalls surrounding complex marijuana projects.
This information is intended for informational purposes only. Each restoration project has unique properties and must be evaluated individually by knowledgeable consultants. RMC Group is not liable for any loss or damage arising out of or in connection with the use of this information.
1 Market Data Forecast, "Medical Cannabis Market," March 2023.
2 The Conversation, "Wildfires can leave toxic drinking water behind – here’s how to protect the public," September 17, 2020.
3 EPA Toxicity Chart