Project C, a Dutch cannabis project that will officially submit a permit application for participation in the government experiment ‘Closed Coffeeshop chains’, has arrived again at the municipality of Drimmelen for setting up a cannabis nursery. Discussions are also underway with a second, anonymous, municipality.
A search that included twenty municipalities has so far yielded no results. Fear of the unknown, according to the initiators behind Project C. It also caused problems with opening a bank account. That problem has since been solved.
The four initiators in a press conference recently gave a status update of their project in which they want to include everyone. It has to become 'the people's project'.
Deadline will be met
A complete application for participation must be submitted to the government by July 28 at the latest, and Project C will meet that deadline, as they assured during a self-organized online press conference.
Thirty percent of profit to addiction care and research
The initiators once more emphasized that they will carry out cultivation for 'idealistic reasons'. Thirty percent of the profit before tax will therefore be donated to projects for addiction care and scientific research into the use of cannabis. The estimate is that it possibly involves about 7.8 million euro per year.
Other news from the press conference was that in the first round Project C will issue 199,999 shares at 25 euro each. The initiators do this to involve the Dutch public in the project. Project C assumes an investment of 26.5 million euro and an annual production of 12,000 kg of cannabis. Discussions with investors are ongoing. A high cost item is security.
First harvest May 15, 2022
Because the production of hash is a profession in itself, Project C has established a joint venture with Genetic Force BV from Uitgeest, under the name Project C Hasj Task Force BV. Project C hopes to deliver the first harvest to coffee shops on May 15, 2022.
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