Dan Casey, director of Greenfern, says electricity accounts for 60 percent of the cost of medical cannabis operations, so the power plant will generate significant savings (file photo).
Greenfern Industries, based in South Taranaki, is New Zealand’s first non-CO2 certified medical cannabis company.
The Taranaki-based company recently received news from environmental certification provider Toitū Envirocare following an audit of all activities related to Greenfern that have a carbon footprint and how the company is reducing its footprint.
“We are incredibly proud of this certification as it reflects our core value – to be New Zealand’s Greenest Medical Cannabis Company,” said General Manager Dan Casey.
In a statement, he said that the medical cannabis industry has a fairly large environmental and carbon footprint due to its high energy use.
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A major focus for Greenfern in recent months has been the work on the hydroelectric power plant they own on the Waingongoro River in Taranaki.
Last month, the Taranaki Regional Council gave permission to start generating electricity again.
The power plant is located next to the research facility, indoor cultivation and processing facility of Greenfern.
“The highest overhead cost of growing medicinal cannabis indoors is electricity,” Casey said.
“While access to electricity at cost is crucial for us when it comes to how competitive the price of our products will be, it is just as important for us to be able to grow our crops in a more environmentally friendly way.”