Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced the release of the seventh-annual “State of the Cannabis Lighting Market” report produced by Cannabis Business Times, a national publication dedicated to the ongoing advancement of legal cannabis cultivators.
“This year’s report combined with Fluence’s own industry-leading research continue to affirm the important role of LED lighting in achieving even more efficient and productive economies of scale.”
Results from the 2022 report demonstrate the increasing usage of LED lighting technology across all growth stages of cannabis cultivation. For the first time ever, at least 70% of study participants from commercial indoor or greenhouse operations with supplemental lighting used LEDs in cannabis propagation, vegetation and/or flowering stages. The report also demonstrates an increase in LED usage by more than 50 percentage points since the study’s first year in 2016.
These impressive findings emerge against the background of the industry facing a complex set of headwinds, including supply chain shortages, a rise in capital improvement costs, a cannabis surplus in North America and increasing inflation rates.
“The pioneering spirit and relentless pursuit of excellence that cannabis growers have always brought to the industry has never been more apparent,” said David Cohen, CEO of Fluence. “This year’s report combined with Fluence’s own industry-leading research continue to affirm the important role of LED lighting in achieving even more efficient and productive economies of scale.”
The report provides a holistic view into the connection between lighting solutions and plant growth across all stages—propagation, vegetation and flowering. Key findings from the report, which helps accelerate the success of plant-touching companies in the legal cannabis industry with actionable intelligence in all aspects of the business.
“In 2016, when Cannabis Business Times first launched the ‘State of the Cannabis Lighting Market’ report in partnership with Fluence, eight states had legalized cannabis for adult-use consumption,” said Michelle Simakis, editor-in-chief of Cannabis Business Times