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Home 🌿 Marijuana Business News 🌿 Passamaquoddy tribe signs letter of intent for marijuana facility 🌿Passamaquoddy tribe signs letter of intent for marijuana facility
INDIAN TOWNSHIP, Maine — Denver-based Monarch America Inc. has signed a letter of intent with the Passamaquoddy Tribe to design, construct and develop a marijuana cultivation facility on tribal land.
Monarch America President and CEO Eric Hagen said Tuesday the Passamaquoddy Tribe reached out to the company, which recently contracted for a similar facility with the Flandreau Santee Sioux tribe in Moody County, South Dakota.
“We were the first company to get into a contract with a Native American tribe,” Hagen said.
As per the letter, signed last week, the parties intend to execute a management consulting agreement under which Monarch America will design, engineer and build a structure, measuring 35,000 square feet, on Passamaquoddy tribal trust land to be used for marijuana cultivation, Hagen said.
In addition, Monarch America will oversee and consult regarding all facets of the marijuana operation, including...
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