Asap, I understand you want to save money. But led lights are so efficient you won't notice the difference in electric bill during first 2 or 3 weeks. Lower light to 20-40% depending on how strong and powerful the light is. Then lower it to its recommended hanging height.
Your plant will receive more light and longer hours this way and will give it the best growth, this stage is CRITICAL to get a good yield. You don't want to starve your plant on light!
Goodluck and please consider me as the answer so I can be entered for a chance to win grower of the month contest I would really appreciate it growmie š š