There are several positive indicators for the ongoing growth of the cannabis industry in the United States. According to A Global Wire News article in 2020, the combined legal sale of cannabinoids for medical and recreational use is expected to reach 35 billion dollars by 2025 in the US alone. By the year 2030, Flowhub estimates that the cannabis industry will top 100 billion in earnings, with continued sustained growth of up to 21% per year in the foreseeable future.
However, even with this dramatic and positive reporting in place, there are still difficulties facing those in the industry or new to the industry. One of the big challenges is finding funding, which often leaves startup grow and production operations struggling to find the best options in marijuana extraction facility equipment at a reasonable price.
The Challenge of Used Equipment
Purchasing used marijuana extraction facility equipment is always an option, but it is not always a cost-saving decision. Buying quality equipment that has been well-maintained and only used for a limited period of time can be a good option, but the buyer needs to either know the seller or have the ability to thoroughly inspect the equipment before making a purchase.
Buying used equipment is a buyer-beware situation with limited recourse if the equipment arrives with problems.
Getting the Right Equipment
The choice of marijuana extraction facility equipment also depends on the type of extraction process you plan to use. With different options that require very different setups and equipment, it is critical to make this decision before any purchase. Refitting a facility with new equipment for different processes is both costly and can require significant downtime, which further reduces income.
