$GBLX ~ Growth In Cannabis Popularity Spawns New Ways For Cultivation Efficiency seekingalpha/article/2243663-growth-in-cannabis-popularity-spawns-new-ways-for-cultivation-efficiency GrowBLOX Sciences Inc. to Focuses on Medical Cannabis Cultivation Processes Many of us in the US have been accustomed to the taboo surrounding marijuana for years but in 2014 the states of Washington and Colorado pushed forward to legalize use of the plant for recreational purposes in addition to the medical option that is already in place. This of course opened the doors for other states to observe and plan for the future for the simple fact that in the last fiscal year, Colorado has collected roughly $22,000,000 in cannabis related taxes and fees and during the first three months of 2014, Colorados marijuana industry generated $12,600,000 from both the recreational and medical marijuana industries. These results continue to favor legalized recreation and medicinal use in a major way. Of course with any new industry, companies look to take an early foothold in the areas of R & D, manufacturing, and even retail in order to become an established business within said industry. One such company has focused entirely on efficient and effective forms of cultivation. GrowBLOX Sciences, Inc (OTCQB:GBLX) is a research and biotechnical development company setting the gold standard for manufacturing medical cannabis producing technology, as well as discovering, developing, and commercializing proprietary strains of cannabis to treat a broad range of serious medical conditions. Based on its unique technology, individual proprietary cannabis strains for treatment of specific medical ailments, and the companys four revenue drivers, GrowBLOX has the ability to become a key player in the industry. The companys approach is to become the premier manufacturer of hydroponic medical grow chambers in order to equip strategic alliances and partnerships around the country with the ability to grow medical-grade cannabis and cannabis products in compliance with state and local laws and regulations. Why Hydroponics? According to an article in High Times, plants grown hydroponically exhibit explosive growth rates when all the factors are properly in place. The editor states that though hydro growing is less forgiving than soil, its more rewarding when done right. There is also less risk of pests when growing hydroponically. Many pests and pathogens are brought into a grow room via the soil, which also provides a perfect place for these pests to hide and breed.
Posted on: Thu, 24 Jul 2014 13:44:44 +0000
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