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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.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[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.

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