It happened last week: the world’s tenth-largest economy, Canada, became the second nation and the first G7 country to legalize marijuana. Once formally approved, the bill C-45 will allow adults to publicly handle up to 30 grams of legal marijuana. What’s more interesting, the home cultivation of up to four plants will be allowed, as well as the preparation of cannabis products for personal use.
The expected total spending on marijuana in Canada is about 58%, which means that C-45 is very likely to unleash a billion-dollar industry. Legal cannabis production has been quickly growing in the USA since its legalization in several states. Customers in North America spent $6.7 billion for medical cannabis in 2016, which is 34% higher than in 2015, and $10 billion in 2017 (33% increase). Worldwide consumer spending on legal cannabis is projected to reach $57 billion by 2027, according to “The Road Map to a $57 Billion Worldwide Market” report released by Arcview Market Research, in partnership with BDS Analytics on February 26th..
Marijuana has certain similarities to crypto. Both are mostly frowned on by governments and loved by investors. AgroTechFarm ICO wants to give crypto investors a chance to profit from cannabis sales by launching revolutionary agricultural appliances. ATF is a fully automated intelligent device for growing natural food and cannabis throughout the year, without chemicals, and regardless of climate conditions. AgroTechFarm engineers, who have been conducting research and development for the past six years, designed a smart structure. It allows for the growth of both indica and sativa cannabis types and has two nurse beds which allows for double yields. This means that growers will have enough cannabis to experiment with hemp oil recipes, food supplements, and more. The process will be completely automated and the carbon filter will keep the odor inside.
The AgroTechFarm company has patented their technology and already presented the pre-production model of the appliance. They promise to launch it into production regardless of the ICO results. They claim to have chosen ICO as a funding model that will allow for a quick scaling of the product, ensuring high speed to global market, and finally, supplying the world with fresh, organic vegetables, berries, greens, and cannabis.
Cannabis and green food growers will get an up to 20% discount on ATF devices, accessories, and services when they pay a part of the price in ATF tokens. Furthermore, ATF will be developing a marketplace within ATF-i apps to enable legal marijuana, recipe, and knowledge trade for ATF tokens. This is expected to create a demand for the tokens resulting in their value growth.
During the ICO, ATF tokens can be purchased for 0.012 ETH per token at agrotechfarm.io.