Crowdfunded Marlborough medicinal cannabis company to begin hemp planting

Crowdfunded Marlborough medicinal cannabis company

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

1000
Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

Email
medicinal-cannabis

[04 December, Sophie Trigger, Stuff NZ]

Puro New Zealand had raised $3.4 million through crowd-funding on Monday and after having their license approved, will start planting low THC content hemp this week. Their site is at Kekerengu, which has a coastal micro-climate and is expected to be very successful as a place to grow hemp, due to the high number of sunlight hours in Marlborough as well as the clean air and absence of pollutants. ‘’The Ministry of Health planned to make regulations on the Medicinal Cannabis Scheme by mid-December’’, whilst a referendum for the recreational use of cannabis will be held alongside the 2020 election. Leading New Zealand Cannabis Prescriber and Consultant Dr Graham Gulbransen has reported that often cannabis ‘’makes a difference, when nothing else will’’, whilst other researchers and GPs have stated that they are cautious given the fact that medicinal cannabis research is still in early stages.

To read this week's full edition of Field Notes, please click here.

To read the full original article, please click here.

 

© 2023 KPMG, a New Zealand Partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.

Connect with us