Why would cannabis companies want to decrease their GHG emissions, besides being a good corporate citizen? Are there any penalties currently for high GHG emissions?
There are 2 aspects to this problem for Growers. The first is local and state compliance and regulations. We assist Growers in managing the risk around compliance and also achieving compliance so that there business is on side with the law. This is an area that is fast changing and evolving as local regulation plays catch up. Its also an important area of risk that Growers need to stay focused on.
The second aspect is being a good corporate citizen and reducing GHG emissions by running a very energy efficient operation. We also work with Growers to help them achieve their own set socially responsible goals around energy consumption and GHG emissions.
As the North American cannabis industry begins to enter a consolidation phase how would this impact your business?
What we are finding is that as the industry consolidates there is a race to lowest cost of production and input costs. As energy plays a critical role in the overall cost to produce a pound of pot product there is growing demand. We see the consolidation a positive for our long-term growth in the sector.
In the Canadian market medical and recreational cannabis is legal at the federal level. However, in the United States market at the federal level, marijuana is still not legal. How does this unpredictable market impact your business and growth plans?
Currently we are focused on the Canadian market and will access the US market through an existing customer or customer relationship. Our view is that in the short-term the US market remains highly volatile in relation to Federal regulation many States are attempting to chart their own path despite of this. Over time I personally believe we are in a global move to regulated Cannabis and this includes the US but it will take some time.
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