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Vertical farms turn to makeup and marijuana
By Heesu Lee / Bloomberg
Supercharged by the need to secure local supplies of fresh vegetables during the COVID-19 pandemic, some vertical farms are now branching out into other high-margin areas, such as medical cannabis, health supplements and cosmetics.
South Korean start-up Farm 8 Co is among a proliferation of indoor urban growers that saw sales jump during COVID-19.
It is looking to increase sales by almost 50 percent to 90 billion won (US$79.2 million) this year, partly by boosting production of medical and cosmetic-based plants such as ginseng,
Centella asiatica and Artemisia campestris, Farm 8 chief executive officer Kang Dae-hyun said. ....

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