Micron Waste Aims to Mitigate Cannabis Environmental Issues
Ryan Allway
December 13th, 2017
Exclusive, News, Top News
The cannabis industry is projected to reach $50 billion in the United States and $22.6 billion in Canada, according to several different analysts, driven by the legalization of medical and adult-use cannabis across North America. Investors have many different options when looking for exposure to the growing industry, but ancillary companies may provide the lowest risk opportunities that could still benefit from the strong growth rates.
In this article, we will look at Micron Waste Technologies Inc. (CSE: MWM) and its plans to offer solid and liquid waste management solutions to the industry, which helps solve major environmental issues in a way that benefits all parties.
Environmental Costs of Cannabis
The cannabis industry’s rapid growth has spawned many different legal issues, but the environmental costs of cultivation have been largely ignored. According to Evan Mills, a senior scientist at the University of California, indoor cannabis cultivation represented about 1% of total electricity usage across the U.S. in 2011. A more recent New Frontier study conducted last year backed up these figures and suggests that these costs will only continue to grow.
In addition to electricity costs, solid waste from plant material also poses environmental concerns. Solid plant material – like trim, flower, stalks, roots, or soil – may not meet quality assurance standards or be contaminated in some way. Liquids and water could also contaminate groundwater due to pesticide use. Many states have rules surrounding the disposal of these byproducts of cultivation, especially when they contain high levels of THC.
The same factors that cause these environmental issues have made cultivation an expensive process. For example, cannabis cultivators would gladly use more efficient lights to reduce their energy costs, but there is a trade off with the yield produced by the lights. Regulators have also introduced environmental standards for waste disposal that can be costly from a compliance standpoint, but new technologies could make the process even more efficient.
Micron’s Organic Solutions
Micron Waste Technologies Inc. (CSE: MWM) is a leading developer of waste technologies designed to manage food and other organic waste on-site by converting it into clean water. In particular, it has developed an aerobic digester with micro-oxygen cubicle technology to enhance the digestion efficiency of microorganisms by up to 95% with the remaining 5% of undigested particles undergoing further treatment.
While the company has conventionally focused on food waste, the technology is uniquely applicable to the cannabis industry. The company is testing a new type of nanocrystal that would be used in its proprietary four-cycle filtration process to further break down medical cannabis organic waste so that it can be turned into “gray water” and then later into clean water. This water can then be recycled in the cannabis cultivation process.
“This is a valuable opportunity to bring together research and development efforts from both Micron Waste and our development partners to deliver an urgently needed organic waste treatment system for the medical cannabis cultivation industry that meets Health Canada Cannabis Waste disposal requirements,” said Micron Waste Chief Technology Officer Dr. Bharat Bhushan in a recent press release announcing the move into the cannabis industry.
Looking Ahead
Micron Waste Technologies Inc. (CSE: MWM) represents a compelling investment opportunity in the cannabis industry. With its solid and liquid waste management solutions, the company addresses several key problems facing the cannabis industry in a way that is beneficial for all parties. Investors also benefit from exposure into areas outside of the cannabis industry in the food management space.
For more information, visit the company’s website at www.micronwaste.com.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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