Marijuana Business Magazine - May-June 2018
Company: PharmaCielo Line of Business: MMJ cultivation Headquarters: Toronto, Ontario, and Rionegro, Colombia Why toWatch: So far, only a handful of truly international cannabis companies exist, and PharmaCielo is one of them. The Canadian firm is poised to make major inroads in the South American market as one of just 33 licensed producers in Colombia, as of January 2018. PharmaCielo expects to begin MMJ sales in 2018, but a company spokesman declined to specify exactly when that may be. He said the company’s first Colombian MMJ crop was planted in late 2017 and should be harvested by sum- mer. He added that production costs for commercial cannabis in Colombia have been “5 cents (U.S.) or less per dried flower gram,” which suggests that either Colombian MMJ Post Polak Goodsell & Strauchler has one of the leading Hospitality & Alcoholic Beverage practices in New Jersey. We pride ourselves on our familiarity with New Jersey liquor laws and regulations and our positive working relationships with the administrators and governing personnel who enforce those laws and regulations and with municipalities throughout the state. We are proud to welcome Jerey Warsh to establish a new cannabis industry practice group. Je is an alcoholic beverage and cannabis law attorney and registered governmental aairs agent with over 30 years of experience in highly regulated industries. Our practice group advises entrepreneurs in the complex and evolving field of cannabis law, providing guidance and insight into entity formation and capital raising, real estate and zoning, permitting and regulatory compliance, and enforcement and transactions related to the licensing of alcoholic beverages and cannabis. A Long-Time Leader in Serving New Jersey’s Alcoholic Beverage Community A Pioneer in Serving New Jersey’s New Cannabis Industry Contact us to learn more: Jeffrey A. Warsh Raũl (Rudy) Garcia Douglas J. Sherman Jerry Fischer Clyde L. Otis III 425 Eagle Rock Avenue, Suite 200 • Roseland, NJ • 07068-1717 • (973) 228-9900 • postpolak.com commercial prices could be rock bottom when the market debuts or that licensed producers could reap serious profits, depending on price markup and production overhead. Company: Spectrum Cannabis Denmark Line of Business: MMJ cultivation Headquarters: Odense, Denmark Why toWatch: In 2017, Spectrum Cannabis Denmark broke new ground when it announced plans to build a 430,000-square-foot production facility in Odense, Denmark’s third-largest city. The company is a joint venture between Canada’s Canopy Growth and Danish Cannabis ApS, a European hemp pro- ducer.The companies are converting an existing greenhouse into a medical cannabis grow.The new facility is expected to employ more than 125 – including the greenhouse’s former GOING GL BAL 88 • Marijuana Business Magazine • May-June 2018
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