- Recent legislative changes in San Diego are likely to help Green Hygienics Holdings expand to the region, despite increased competition over cultivation land
- Company’s innovative aeroponic growing technology requires less land while still generating higher quality crops
- Additional federal legislative changes expected to result in an incredibly favorable business climate for hemp producers
- The recently passed Federal Farm Bill legalizing hemp forecast to contribute to the growth of the hemp market at a CAGR of 18.4 percent from 2018 to 2022
The demand for cannabis-related real estate has increased significantly in San Diego after the recent legalization and approval of three additional industrial properties for planned marijuana production (http://nnw.fm/LkRj9). While this increases the challenge for many marijuana growers, it could give an advantage to companies such as Green Hygienics Holdings Inc. (OTC: GRYN), whose aeroponics growing system requires limited land and resources, as compared to traditional growing techniques. Green Hygienics Holdings is planning on introducing its brands to the San Diego market first, before moving on to the rest of the U.S. and, then, internationally.
The San Diego City Council has increased the number of formally approved industrial spaces for marijuana cultivation to 21. In addition, the city council has approved 19 of an allowed quota of 36 retail locations. The legislative change was…
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