One new up-and-coming in the international cannabis scene is Colombia. South American countries create a nice “sweet spot” for growing cannabis due to their moist climate, lack of Winters, and cheap labor forces. The stunning numbers I saw during Luis Merchan’s presentation at Benzinga showed that his company, Flora, can grow a gram of cannabis for $0.60. That is before Colombia gets a few years under their belt in experience, better lights, seeds, soil, and techniques. The cost to grow a gram of marijuana in North America is between $1.50 and $2.35. Public reports show Canadian company Aprhia spends $1.85 to grow one gram of marijuana, while Tilray spends $2.36 a gram of produced flower.
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