Marijuana MSO PharmaCann to acquire LivWell Enlightened Health mjbizdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mjbizdaily.com Daily Mail and Mail on Sunday newspapers.
Vertical farms turn to makeup and marijuana
By Heesu Lee / Bloomberg
Supercharged by the need to secure local supplies of fresh vegetables during the COVID-19 pandemic, some vertical farms are now branching out into other high-margin areas, such as medical cannabis, health supplements and cosmetics.
South Korean start-up Farm 8 Co is among a proliferation of indoor urban growers that saw sales jump during COVID-19.
It is looking to increase sales by almost 50 percent to 90 billion won (US$79.2 million) this year, partly by boosting production of medical and cosmetic-based plants such as ginseng,
Centella asiatica and Artemisia campestris, Farm 8 chief executive officer Kang Dae-hyun said.