PureAgro Creates Largest U.S. Supplier of Urban Agriculture and Hydroponics Tech and Equipment and ARCTURUS Begins Construction Roll Out For Rhode Island Urban Farm
Arcturus Growthstar Technologies Inc. Rhode Island also has Medical Marijuana laws that allow urban farms such as ours to make build out designated areas to cultivate cannabis for medical purposes.
We are excited to have Jim Coull and his team of construction professionals on board with us in the development and construction of our Rhode Island farm, which can grow both leafy greens as well as cannabis,” says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.’s CEO and Chairman.
Pure Agrobusiness Inc. (PureAgro). Our current focus and primary growth initiatives are aligned with serving the fast growing legal cannabis industry.
With nine U.S. states voting in November to legalize cannabis for recreational or medical purposes, PureAgro is uniquely positioned to capitalize on a number of favorable market trends:
-The legal cannabis industry is expected to grow into a $50 billion market by 2026 from $6 billion today, driven by the opening of new U.S. markets as state-level cannabis legislation continues to be ratified.
-Since 1996, the number of states legalizing marijuana consumption has grown steadily, reaching 29 states to date.
-Cannabis growers supplying the medical and recreational markets have significantly increased the scale and complexity of their operations in order to meet the volume and quality demand, with a focus on production efficiencies and margin growth.
-Growers are embracing advanced agricultural practices and novel technologies to ensure the greatest yield and quality of their product.
-Recent investments by institutional investors and corporations such Microsoft and Scotts
-Miracle-Gro have helped establish legitimacy for the industry and signal a growing shift in attitudes.