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Future Farm sees major opportunities in the legal cannabis market

Future Farm Technologies Inc. (CSE: C.FFTOTCQB: FFRMFForum) on Tuesday highlighted a news release which states that according to Arcview Market Research, the legal cannabis market will grow from $6.7 billion in consumer spending in 2016 to $22.6 billion in 2021.

The report indicates that there are major opportunities available to companies in the space, including Future Farm, a company with projects throughout North America, including California, Florida, and Maryland.

More information can be found here.

Recently the company said it has closed on the purchase of a 15,000 square foot building in Province, Rhode Island.

The building is located in a M-1 zone, which legally permits the cultivation of cannabis by right. The company intends to lease this property to a local licensed cultivator who will use the property as a licensed medical marijuana cultivation space, providing wholesale cannabis to Rhode Island’s state sanctioned dispensaries.

Future Farms was in the news recently when it announced the closing date for the acquisition of a 120-acre industrial hemp farm in Amity, ME.

Read more:

Kush Bottles to Develop Customized Cannabis Packaging For Future Farm Technologies

Future Farm Launches a New Cannabis Cryptocurrency — CFN Media

Future Farm Raises Over $2.5 Million through Voluntary Warrant and Option Exercises

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