Canndescent Wraps First Commercial-Scale Cannabis Solar Project

Luxury cannabis brand Canndescent announced Monday that it completed the first commercial-scale solar project for the cannabis industry, a 282.6-kilowatt system with 734 solar modules. The solar energy will power company's indoor production facility in Desert Hot Springs, California.

Why It Matters

Canndescent views its system as a fourth cultivation option for producers, joining indoor, outdoor and greenhouse growing approaches.

The system has enough power to charge roughly 20 percent of smartphones in the U.S. for a day, Canndescent said in a press release.

The company hopes that its milestone serves as a template for the industry, adding that greenhouse growers use 1 percent of the country's electricity annually.

The technology helps to remove the negative environmental impact of the cultivation sector, Canndescent said. 

The Cannabis Capital Conference is coming back to Toronto! Click here to learn how you can join Tim Seymour, Jon Najarian, Danny Moses, Alan Brochstein and many others.

"Adding renewable energy to what was the first cultivation project to open in the Coachella Valley, Canndescent continues to light a path for others to follow," Desert Hot Springs Mayor Scott Matas said in a statement. 

Canndescent CEO Adrian Sedlin commented on the company's commitment to environmental consciousness. 

“As an industry coming of age right now, it's natural and appropriate for the cannabis industry and Canndescent to lead the business community in addressing some of the world’s pressing challenges.”

The achievement continues Canndescent’s track record as a trendsetter in the cannabis industry. The company opened the first municipally permitted facility in the state in 2016.

The following year, it became the state’s top-selling flower brand. In 2018, Canndescent said it became the leading selling of luxury flower products in California.

What’s Next

Canndescent plans to release an open-source white paper on the solar project in the second quarter.

Related Links: 

Video: A Lesson On Indoor Cannabis Cultivation With Canndescent's Adrian Sedlin 

Cannabis Investment Fund Breaks Down Its 7 Latest Picks 

Photo courtesy of Canndescent. 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.