KOLAS Energy and Israeli software company Growor have unveiled their plans to develop a sustainable and efficient means to cultivate cannabis, hemp and ultimately, other agricultural plants.
"KOLAS Energy and Growor will utilize state-of-the-art co-generation micro turbines and integrated solar PV arrays to implement a joint flagship growing project in Sacramento with the goal of becoming one of the most advanced cultivators in the U.S. with the support of Israeli technology," KOLAS team explains.
"As one of the nation's fastest growing industries, it's important that we develop an innovative and sustainable means of cultivation," states Garib "Justin" Karapetyan, CEO of KOLAS. "We wish to develop a universal standard and a net zero energy state. Who better to learn from than Israel?"
Reports indicate that California is the largest cannabis market in the U.S and is projected to have a $10 billion economic impact by 2022. Global projections are expected to reach $22 billion by 2022. New regulations and the legalization of cannabis in various states continue to lead to market expansion.
"We are appreciative of the ongoing industry support," Karapetyan added. "We look forward to growing our businesses and the successful outcome of this large-scale initiative."
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