You are here

Home 🌿 Marijuana Business News 🌿 Hooked on hydroponics: Blackburn entrepreneurs enter medical marijuana world 🌿

Hooked on hydroponics: Blackburn entrepreneurs enter medical marijuana world

Submitted by Marijuana News on Fri, 06/12/2015 - 14:56

When the Canadian government announced the commercialization of medical marijuana sales in April 2014, hundreds of business-minded individuals rushed to get in applications to legally sell medical marijuana.

It’s the type of industry that requires entrepreneurs ready to take risks, not business people looking for a slam dunk return on their investment. That’s because before the licence can be granted to sell, government staff need to tour the facilities, make sure everything is just right – including security set-ups and RCMP clearance for key personnel.

As of April 27, Health Canada said they have had 1,315 applications, 955 of which have been refused or withdrawn.

A media spokesperson for Health Canada said there are just 25 that have been approved as of April 27.

So to say the $5 million that Sebastien St-Louis and Adam Miorn invested was a risky move would be an understatement. They started the Hydropothecary, a...

Rate this article: 
Region: 
Quebec
Canada

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://www.ottawacommunitynews.com/news-story/5675339-hooked-on-hydroponics-blackburn-entrepreneurs-enter-medical-marijuana-world/

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.