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New research shows medical cannabis valuable to New Zealand’s economic recovery

Record-breaking medical cannabis company, Puro, is calling on the government to fast track the establishment of a medical cannabis industry in New Zealand.

Puro, which smashed the Australasian record for crowdfunding after raising $4 million in start-up funding, has already grown a test crop of low-THC hemp in Kekerengu and has started the consenting process to build its Marlborough headquarters near Blenheim.

Managing Director Tim Aldridge says this will be a multi-million dollar facility, with a medical cannabis research centre, an indoor cultivation facility and a large farm.

“We have just commissioned a report from independent economists, Agribusiness Group, on this new industry’s ability to create jobs for New Zealand. It shows our operation, alone, has the potential to create up to 375 full time jobs within the next two years. This could eventually grow to 500 full time jobs.”

Read more at scoop.co.nz

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