Fluence-supported research has now been released as part of the seventh-annual “State of the Cannabis Lighting Market” report by Readex Research.
Results from the 2022 report demonstrate the increasing usage of LED lighting technology across all growth stages of cannabis cultivation. For the first time ever, at least 70% of study participants from commercial indoor or greenhouse operations with supplemental lighting used LEDs in cannabis propagation, vegetation and/or flowering stages. The report also demonstrates an increase in LED usage by more than 50 percentage points since the study’s first year in 2016.
These findings emerge against the background of the industry facing a complex set of headwinds, including supply chain shortages, a rise in capital improvement costs, a cannabis surplus in North America and increasing inflation rates.