FinancialBuzz.com’s latest “Buzz on the Street” video featuring the corporate news recap on “AmeriCann to Host Ground Breaking Celebration Sept. 25th” and “ACAN Releases Designs for 345,000 Sq. Ft. Mass. Cannabis Manufacturing and Cultivation Project.”
AmeriCann, Inc. (OTCQB: ACAN), an agricultural-technology company that is developing the next generation of eco-friendly start-of-the-art greenhouse cannabis cultivation and processing properties, has released designs for Building 2 which includes 345,000 square feet of cannabis manufacturing and cultivation infrastructure at its 52-acre Massachusetts Medical Cannabis Center (MMCC) in Freetown, MA. The configuration of Building 2 includes over 100,000 square feet of dedicated cannabis extraction, processing and product manufacturing space and approx. 245,000 sq. ft. of cultivation infrastructure. The dedicated cultivation facilities are designed to utilize AmeriCann’s proprietary greenhouse system called Cannopy.
AmeriCann is a publicly traded agricultural technology (Ag-Tech) company that is developing a new generation of sustainable, state-of-the-art cannabis cultivation and processing properties.
According to a report published by Ameri Research, the global legal cannabis market size was valued at USD 14.3 Billion in 2016 and is expected to reach USD 63.5 Billion by 2024. The accelerating pace of cannabis legalization globally, increasing investment in R&D and rising demand for medical cannabis are the main factors that drive the cannabis market growth. Benefits of legalization cannabis also include growing tax revenues due to product sales. In 2016, Colorado generated over USD 1.1 Billion revenue from the sale of cannabis products. North America is the largest market for legal cannabis, accounting over 49% of the market shares.
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For more video corporate news on AmeriCann, check out the Buzz on the Street: https://www.youtube.com/watch?v=e2IDGHSV_GE&