360° Coverage : Groundbreaking Market Research on Grow Lights for Legal,...

Groundbreaking Market Research on Grow Lights for Legal, Commercial Marijuana Growers

New market research on the advanced grow light market indicates a rapidly expanding business opportunity for advanced lighting manufacturers, and enormous energy saving potential.

Oct 18 2013, 3:18pm CDT | by PR.com

Pittsburgh, PA, October 18, 2013 --(PR.com)-- A new market research report published today by Lighting Solution Development reveals a large and rapidly expanding market for horticultural grow lights to legal, commercial marijuana growers. As of October, 2013, 20 states plus the District of Columbia have varying degrees of decriminalization for marijuana, including legal commercial growing. Two states, Colorado and Washington, have legalized growing for recreational use. Some of these states are close to completing new regulatory policies for commercial growers, and will begin issuing grower licenses in 2014. States poised to issue new licenses include: Washington, Massachusetts, and Connecticut. This will spark construction of dozens of new "grow warehouses," up to 50,000 square feet each, in some states. A single grow warehouse can purchase hundreds of grow lights, typically 1,000W HID. New advanced technology grow lights (such as LED, induction, and plasma) can provide manufacturers millions of dollars in new sales to new grow warehouses.

Marijuana production now accounts for 1% of all electricity consumption in the US, and this figure is likely to rise as more states decriminalize commercial cannabis growing. With electricity costs accounting for as much as half of cannabis grow expenses when using HID grow lights, there is increasing pressure for growers to consider energy efficient options, like LED. The report titled, Grow Lights For Legal, Commercial Marijuana Growers, provides advanced lighting manufacturers with critical horticultural science as well as grower perceptions about light output, coverage area, color, PAR watts, and the most important spectral peaks for photosynthesis. The report's conclusions include dozens of recommendations for LED grow light manufacturers, for product development, and marketing to commercial growers. For more information about this report, email: david@lightingsold.com.

About Lighting Solution Development:
Lighting Solution Development assists advanced lighting manufacturers with technical sales and marketing services, including utility rebate representation, certification management, recruiting, market research, lighting layouts, motor design engineering, and 3D printing.

Contact Information:
Lighting Solution Development
David Shiller
Contact via Email

Read the full story here: http://www.pr.com/press-release/522324

Press Release Distributed by PR.com

Source: PR.com


blog comments powered by Disqus

Latest stories

NASDAQ is Back at 2000 Dot-Com Bubble Level
NASDAQ is Back at 2000 Dot-Com Bubble Level
The Dot-Com force is back at the NASDAQ. It took Silicon Valley 15 years to bring back the NASDAQ to the Dot-Com Bubble Levels. With startup valuations in the billions becoming the norm, Wall Street is following up with driving up the value of public traded tech companies.
Bill Gates Tops Forbes Billionaires List Again
Bill Gates Tops Forbes Billionaires List Again
Microsoft co-founder Bill Gates is back on top of the Forbes Billionaires list.
$75,000 Apple Watch revealed
$75,000 Apple Watch revealed
When Apple's designs are not exclusive enough then there are 3rd parties who add gold and diamonds to the iGadget to make them precious. Brikk announced the Lux Watch, a diamond studded version of the Apple Watch.
Sony will not Sell Off TV And Mobile Spinoffs
Sony will not Sell Off TV And Mobile Spinoffs
Sony President Kazuo Hirai clarified on Wednesday that the company will not immediately sell off the spun out TV and mobile phone business.