8/29/2022 This year Irontrax has completed multiple equipment appraisal projects related to the cannabis industry. Our appraisers have inspected over 100,000 square feet of cannabis cultivation ‘canopy,’ and hundreds of pieces of equipment. The cannabis industry utilizes a wide range of equipment including hydroponic systems, advanced climate control technology, extraction systems, batching systems, distillation equipment and much more. Most cannabis providers are using vertical integration, keeping every step of the process in-house, meaning they cultivate, harvest, package and sell their own products.
One of the most interesting aspects of these projects were the advanced security systems in place due to the high requirements set by the regulatory state governments. These regulations require a hefty investment into security systems at every level of cannabis production.
The cannabis industry is without a doubt growing at a high rate and the major contributing factor is legislation that continues to be passed, deregulating cannabis across the United States. Nineteen states have legalized recreational cannabis use, and another 17 states have legalized medical cannabis use.
The stigma associated with cannabis use is steadily diminishing in the US, and many financial institutions are already seizing opportunities in this lucrative lending & leasing space.