Cannabis cultivation is certainly a target channel for commercialization of new water production technologies and methods.
German: Cannabis cultivation is a target channel for new water production technologies and methods
Cannabis cultivation has emerged as a significant factor contributing to water scarcity in some regions of the United States. Due to the plant's high-water requirements, large-scale cannabis cultivation can place a significant strain on local water supplies, particularly in areas that are already experiencing drought conditions or have limited water resources.
Beyond cannabis, water scarcity is becoming an increasingly pressing issue in the United States and worldwide, with drought conditions affecting many regions across the country. These conditions are driven by a variety of factors, including climate change, population growth, and increasing demands on water resources for agriculture and other uses. As a result, many communities are facing significant challenges in securing adequate supplies of clean water for drinking, irrigation, and other needs. These challenges have a range of impacts, from economic to social and environmental, and they are affecting both urban and rural areas globally. With the potential for these challenges to continue and worsen in the years to come, addressing water scarcity will be a critical issue for policymakers, businesses, and individuals alike.
Water is a mission critical issue in our industry. Many of our partners are involved in large scale traditional farming in the United States and Europe. And I have found myself in numerous discussions about the need to find solutions to combat water scarcity, whether approached from harvesting more water, or finding new ways to clean existing water, or finding technologies and methods for plants to use less water or elevate growth rates while using the same amount of water. After months of careful research and analysis, we have determined that there are extraordinary highly profitable opportunities in water, including remarkable new technologies to improve pre-existing water production methods, and acquiring, rolling up, and upgrading existing cash flow producing water production assets.
Further, while cannabis cultivation is certainly a target channel for commercialization of new water production technologies and methods, the market is far larger. According to a report by Grand View Research, the global water market size was valued at $838.2 billion in 2020, and it is expected to grow to $1.6 trillion by 2028. Capturing even a small share of that market would enable remarkable shareholder wealth.
