Greenhouse Business in Apopka, FL
The Company acquired White Sand in January 2018 for $3,000,000 in order to position itself in the fast-growing Florida cannabis market. The White Sand greenhouse fits the state’s stringent criteria and designated zoning to legally cultivate, process, and dispense cannabis. Florida is postioned to be the second largest market after California, with more than 100,000 registered medical cannabis patients and projected annual sales of $1.6 billion in 2020, according to the Arcview Group.
As Future Farm applies for its cannabis cultivator licensing from the State of Florida, the Company is also exploring the possibility of growing hemp. On October 19th in accordance with Florida’s Amendment 2, the Company submitted its Registration Letter for Operation as a MMTC to, among other things, acquire, cultivate, process and sell products containing marijuana. However, because the State of Florida has not yet released the final application needed to obtain a license, Future Farm cannot yet predict when the Company will submit its application or whether the application will be approved.