- Global legal marijuana market to reach $146.4 billion by 2025
- Aeroponic systems produce higher quality at lower cost
- Green has low-cost aeroponic cannabis cultivation system
The global cannabis market is proving to be a precocious new kid on the block. In 2010, respected Harvard economist Jeffery Miron conservatively estimated the U.S. marijuana market to be around $14 billion. Back then, just 11 states – Arizona, California, Hawaii, Michigan, Montana, Nevada, New Jersey, New Mexico, Rhode Island, Vermont and Washington – had legalized medical marijuana, and no state had legalized adult recreational use. However, in April 2018, a report from Grand View Research estimated that the value of the global legal marijuana market – medical and recreational – would reach $146.4 billion by the end of 2025 (http://nnw.fm/9J7fb). Such growth, if realized, would certainly merit the marker of maturity. As the market grows and competition intensifies, efficiency in cultivation and production methods will be a crucial aspect of the value chain, making cost-effective grow solutions like those offered by Green Hygienics Holdings Inc. (OTC: GRYN) increasingly important.
Green Hygienics is a full-scope, premium cannabis cultivation company targeting the high-end medical and adult-use recreational markets. Its strategy revolves around hygienics, the science of preserving and promoting…
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