Economic Analysis of Medical Cannabis Greenhouse Production for Cbd in Greece

Abstract

A field experiment was conducted in the Agricultural University of Athens in order to evaluate the effect of different greenhouse cover materials on the CBD yield. Cannabis (Cannabis sativa L var. Futura 75) plants were grown in three different greenhouses, each constructed with different polyethylene films by PLASTIKA KRITIS S.A. The overall CBD yield per greenhouse was estimated once the cannabis buds matured. Following this evaluation, a business plan was formed for the greenhouse whose cover materials prompted the highest CBD yield. Out of the three greenhouses (GH1, GH2, and GH3), the highest CBD yield was reported on GH2. Two different cover materials, with different properties, were used for the construction of GH2, EVO 7507 AC and EVO 7526 AC. The results indicate that in a five-year span, cannabis production in greenhouses built with the aforementioned materials, could result in a Net Profit of more than 25.000.000 € ha-1. In conclusion, greenhouse cover materials should always be considered in cannabis greenhouse production. Even though greenhouse cannabis production for CBD oil seems to be a potentially profitable business in Greece, selecting appropriate cover materials can significantly increase producer’s profit.

Keywords

• business plan
• cannabis sativa
• cbd oil
• dual plastic covers
• evo 7507 ac
• evo 7526 ac
• evo 7551 ac
• futura 75
• greenhouse
• net profit.