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How this UK-based firm is growing a more sustainable cannabis - TL;DR CNBC

How this UK-based firm is growing a more sustainable cannabis

Publishing timestamp: 2024-04-08 01:08:46


Summary

Glass Pharms claims to be the world's first firm to grow cannabis indoors in a carbon-negative way without buying carbon credits. The company's greenhouse facility in the south of England is powered by an anaerobic digestion plant that converts waste food into electricity. The facility also uses rainwater harvesting and other efficiencies to reduce its environmental impact. CEO James Duckenfield highlights the energy-intensive nature of indoor cannabis cultivation and the potential benefits of environmentally responsible practices. The medical use of cannabis was legalized in the U.K. in 2018, but there are still gaps in research and limited access to licensed cannabis-based medicinal products. Duckenfield believes the U.K. should be fostering the medical cannabis industry more actively.


Sentiment: MIXED

Tickers: UGJAZZ

Keywords: pollutionmarijuanaunited-guardian incenvironmentbiotech and pharmaceuticalsbusiness newsunited kingdomsciencejazz pharmaceuticals plccarbon neutralitypharmaceutical industry regulation

Source: https://www.cnbc.com/2024/04/08/how-this-uk-based-firm-is-growing-a-more-sustainable-cannabis.html


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