Like most industries, cultivation businesses range fairly significantly when it comes to annual revenue. Nearly equal numbers of research respondents say their businesses generate the highest revenue levels ($2 million or more: 17%) and the lowest levels (less than $25,000: 19%).
If your operation’s revenue in the most recently completed fiscal year falls in the range of $25,000 to $99,999, you’re in line with just under 11% of cultivators, according to the research. And if you’re making $5 million or more annually, you’re in league with 8% of cultivation businesses. Check out the chart below for a more detailed breakdown.SHOW ME THE MONEY
What was your operation’s revenue from its cannabis cultivation operations in its most recently completed fiscal year?*
WEIGHING YOUR SUCCESS
How many pounds of dried flower did your operation produce in the past 12 months?
GROWING METHODS
What techniques describe your operation’s growing style?*
AUTOMATICALLY CONTROLLED
For which systems does your operation utilize automation technology in its cannabis cultivation?
NUTRITION CLOSE-UP
How does your operation fertilize?
ABOUT THE RESEARCH
The research for the “State of the Industry” report was conducted by independent research organization Readex Research, during January and February 2017. Results are based on a total of 237 research participants from North America.
The margin of error for percentages based on 237 respondents who currently own or work for an operation that grows cannabis is ±6.2 percentage points at the 95% confidence level.
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