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While vertical farms can help with local hunger issues and sustainability, there are some barriers that may keep them from gaining worldwide traction. The cost of setting up a vertical farm can be prohibitive. Conservative estimates put the initial start-up cost at around $110,000, but there are estimates upward of millions of dollars.
Thousands of young collard greens are growing vigorously under a glow of pink-purple lamps in a scene that seems to have come from a sci-fi movie, or at least a NASA experiment.
It is the goal of the iGrow and the Chromatic Clouds entities to normalize the integration of cannabis and indoor vertical and urban farming into the global economy
One of the key factors driving current market sector growth is increased development of LED grow light technology. LEDs (light emitting diodes) were first developed in the 1950s as a smaller and longer-lasting source of light compared to the traditional incandescent light bulb invented by Thomas Edison in 1879.