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Maricann Group's Green Approach - An Investment in Our Future -- CFN Media
Maricann Group's Green Approach - An Investment in Our Future -- CFN Media.
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[{"type":"text","content":"\nSEATTLE, WA , May 08, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering how Maricann Group Inc. (CSE:MARI) (CNSX:MARI) (MARI.CN) (OTCQB:MRRCF) is taking a ‘green’ approach by minimizing its carbon footprint through both energy efficiency and water conservation, which also happens to translate to a far lower cost per gram than the competition due to less external energy and water inputs than traditional grow operations require. The same facility design can be replicated anywhere in the world and yield the same results, setting a global standard for how the cannabis industry should operate when it comes to cultivation and production.\n The cannabis industry is expected to reach $50 billion by 2026, according to Cowen & Co., driven by the legalization of medical and adult-use cannabis across a growing number of states. While the industry has environmentally-friendly roots, the modern cannabis industrial complex has had a negative environmental impact. Investors looking for exposure to the industry may want to seek out licensed producers taking a ‘greener’ approach to the market. Cannabis Isn’t a Green Industry Cannabis may have environmentally-friendly roots, but cultivation is energy intensive, water intensive, and generates a tremendous amount of waste. Most cultivation facilities use large 1,000-watt lamps that soak plants in a blue hue during the vegetative phase, while a yellow light showers the vegetation during the flowering phase. That’s not to mention air conditions, dehumidifiers, HVAC systems, and other power-hungry technologies. Evan Mills, a University of California scientist, estimated that the cannabis industry represented one percent of all electricity usage throughout the United States. Since most U.S. electricity is still generated by coal power plants, the sharp increase in electricity usage is exacerbating carbon emissions by burning of fossil fuels. Many U.S. states and countries around the world, such as those that signed the Paris Climate Agreement last year, have committed to reducing their carbon footprint, but it will be difficult in areas where there’s growing demand for electricity fr...