Ms. Linda Samson reports
MARAPHARM ANNOUNCES THAT ONE LICENSE HAS RECEIVED FINAL APPROVAL FROM THE STATE OF NEVADA TO CULTIVATE AND SELL CANNABIS
Marapharm Ventures Inc. has received the final and approved licence in the state of Nevada, allowing it to grow and sell cannabis and purchase plants from other licensed growers. Plants have been purchased. Accordingly, in addition to the licence to grow and sell medical marijuana, this licence is now positioned to make application for recreational marijuana licensing. To qualify for this, a grower is to complete a taxable transaction on or before May 31, 2017.
About Marapharm Ventures Inc.
Marapharm has 300,000 square feet of medical marijuana licences for its land and facilities in Washington and Nevada. About three years ago, Marapharm applied in Canada to Health Canada for an MMPR (marijuana for medical purposes regulations) (production and sales) licence and has passed the necessary security clearances. The application is currently in the in-depth screening process. In September, 2016, Health Canada contacted Marapharm with a provision to amend its application to allow for the new regulations, ACMPR (access to cannabis for medical purposes regulations).
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