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The Colorado Legislature passed innovative cannabis bills during this session, including one that expands opportunities for publicly traded companies and outside investors to get involved in the marijuana industry in the world. State. And less than a week after Governor Jared Polis signed the bill, one of the largest state-owned pot companies announced plans to consolidate two commercial marijuana growers, the largest of which outdoor legal culture in North America.
On June 5, Medicine Man Technologies announced the conclusion of binding agreements with Los Sueños Farms, an outdoor marijuana farm on 36 acres outside Pueblo, as well as with Mesa Organics Ltd. , which has a culture center, a dispensary and a commercial extraction facility in Pueblo.
Readers quickly commented on the offers. Davisson says:
The largest outdoor licensed crop? The black market outside, to the west, is far superior to that of the West.
Replies Scott:
Farms like this one should be common. We could be a global supplier.
Jacob answers:
But people can not grow a plant in their yard legally. Cannabis is not legal … it is a paid model.
Marcus Notes:
It's not a good buy, in my opinion … nurseries are dead-end investments unless you have a thriving chain of clinics / pharmacies. Medicine Man is also not a very good clinic. Such a waste.
Concludes Josh:
That's shit that invades the market. Stay true to your local artisans if you want quality.
Although the agreement was reached, sales can not be finalized until the wording of Law 1090 comes into force, because Medicine Man Technologies is a public company; it was one of the first Colorado cannabis companies to file with the SEC. Following the entry into force of the new law on Nov. 1, Medicine Man plans to complete the two companies by Feb. 1, 2020, according to Medicine Man Technologies CEO Andy Williams.
"The new law has repealed the ban on state-owned companies from owning cannabis licenses in the state," he said. "It has also made provisions to allow the possession of cannabis licenses by persons outside the state without the restrictive provisions that previously existed.For now, outside investment may come from a public company or from funds such as investment funds, banks or private equity funds. "
Williams adds, "It's not everyone who will do it, but I know that other companies that I respect a lot will follow a similar path.It will be great for Colorado, with two or three headquarters of the largest cannabis companies in the country ".
What do you think of the new law? Will it be great for Colorado? Post a comment or send an email to [email protected].
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