Other expenses that may have an impact on your grow are equipment having to do with security or controlling odor.
Looking at these totals, you’ll find that growing can be done for a much lower price than purchasing your product at the store. However, labor and property aren’t included in these costs. Someone will have to check in on the garden daily and spend time pruning, trimming, feeding, watering, and monitoring the plants for signs of disease, rot, or mold. Growing cannabis is labor-intensive and can be difficult, but if you’re looking for a new hobby and have the time to dedicate to it, you will save money and enjoy yourself.
Reflecting on the costs between purchasing cannabis and growing your own in addition to the benefits that each method has to offer might have you clearly leaning to one side or stuck in a stalemate. Cannabis is not cheap or easy to grow, and chances are you will get higher quality, more diverse products at the local shop.
Costs Estimates of Store-Bought Cannabis (click to enlarge)
Cost Estimates of Growing Cannabis Outdoors
If you’re curious about the approximate costs of growing your own cannabis, keep in mind that pricing varies between growing indoors and outdoors, as well as the size of your grow.
It also allows you to explore growing techniques, genetics, harvest times, and curing strategies. This all requires time and effort, but it’s satisfying in the long run.
For this estimate, we are growing in a climate where plants can be outside from the start of the season (July) to the end of the season (October). Again, we assume using clones to start, which aren’t included in our cost estimates.
Estimated Price Per Gram of Indoor and Outdoor Cannabis Grows
Growing cannabis outdoors can be a very simple startup process. The biggest factor to take into account is the climate where you live. It needs to be sunny and dry enough to promote growth and prevent rot, and it needs to stay sunny and warm long enough into the fall to allow the plants to finish flowering. Growing in a greenhouse can help regulate temperature and moisture-related issues.
With the legal cannabis market, consumers can buy an array of products without considering cultivation, much like buying produce at a grocery store. Grocery stores are supplied by farms that take care of the cultivation and grow a product at a reasonable price.
The tools needed to get a grow of that size started include timers, grow lights, filters, and exhaust fans and are typically quite pricey. You could easily spend a few hundred dollars on those alone. On top of that, you’d need pots, soil, a watering can, and other gear to make the experience turn out well. With a Pot for Pot Complete Kit that starts at $79.95, you can see why indoor growing has never been easier.
Also, when you only grow a few plants, things like fans and carbon filters to reduce the smell aren’t necessary.
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Typical Costs of Growing Marijuana
The cost associated with growing marijuana plants can be a bit scary if you don’t know your stuff, but your new hobby really doesn’t have to break the bank. Even indoor growing can be quite affordable when well planned, and it is also a discreet way to produce high yields for both recreational and medicinal purposes.
Even when growing with lamps indoors, a single marijuana plant can yield a whole pound of weed with the proper growing techniques. Clearly, less is the most cost-effective option!
So how much should you grow?
Below are some costs that are typically associated with growing marijuana:
LED lights have received quite a bit of attention over the years with some growers saying they produce very high yields. While this fact still remains to be settled, here are some things to consider if you plan to use them.
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.
Cannabis Cultivation Initial investments:
Lets try to calculate how much electricity does it take to grow cannabis indoors for our scenario:
Cannabis Cultivation Direct & Operating Costs
Warehouse 7,700 sq.ft. for about 1,000 plants with estimated yield of 350 lbs., 4 harvests a year..1478 kWh x 1,440 hours x 145 kW = $30,870
So, total electricity costs will be about $55,000. Water costs will be no more than $700.
How Much Does it Cost to Grow Cannabis Indoor?
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.
Total = $830,000.