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NZ: Medical cannabis cultivation gains crowdfunding support

A New Zealand company looking to cultivate medical cannabis has found plenty of financial support through a crowdfunding campaign.

Puro kicked off its campaign on November 6 and at the time of writing, more than NZ $1.36 million has been pledged, with the $500,000 minimum target exceeded very quickly.

The firm says it had already secured a cannabis licence prior to the campaign and has letters of intent from seven pharmaceutical manufacturers and wholesalers that will take its product.

Puro has two growing sites in the Marlborough region, situated in the northeastern tip of the South Island, which it says will provide it the capacity to be the largest cannabis cultivator in New Zealand.

Read the full article at hempgazette.com

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