6 Key Cultivation Trends to Watch

Cannabtimes

<![CDATA[Each year since 2016, Cannabis Business Times has published its “State of the Cannabis Cultivation Industry” report, based on third-party research that tracks changes and trends occurring among cannabis cultivation businesses throughout North America. The 2021 “State of the Cannabis Cultivation Industry” report revealed key findings worth noting as you head into the new year.1. More larger cultivators and more smaller cultivators.With the proliferation of multistate operators (MSO’s) and continued emergence of larger cannabis enterprises in the market, it’s not surprising that the number of cultivators with 80,000 square feet or more of cannabis production space has increased over the past 5 years; that number climbed 11 percentage points, from 7% in 2016 to 18% in 2021. The number of cultivators with 50,000-79,999 square feet of cannabis production space also grew 4 percentage points from 3% in 2016 to 7% in 2021. At the same time, the number of cultivators whose production areas spanned less than 5,000 square feet increased by 5 percentage points–from 34% in 2016 to 39% in 2021. 2. Small growers continue to dominate the industry.Despite the greater increase in the number of larger cultivators compared to the rise in smaller cultivators, small cultivators continue to comprise the lion’s share of the North American cannabis marketplace. Nearly 40% of cultivators reported cannabis production areas of less than 5,000 square feet. Less than 20% reported cultivation production spaces of 80,000 square feet or more. 3. Average cannabis production area square footage on the riseThe greater increase in the number of larger cultivators compared to the increase in smaller cultivators, however, has impacted the average square footage of cannabis production space. In 2021, that number grew to 33,900 square feet, from 25,600 in 2018 (the first time this data point was reported). 4. Majority of cultivation businesses operate one facility.Nearly…

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