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Home 🌿 Regional 🌿 North America 🌿 United States 🌿 Colorado 🌿 Fort Collins ‘cannabis scientists’ raise $100,000 🌿Fort Collins ‘cannabis scientists’ raise $100,000
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The subscription service is currently unavailable. Please try again later.A Fort Collins startup specializing in studying hemp was recently awarded roughly $100,000 by a Denver-based group of investors.
New West Genetics plans to use the funds to hire additional staff and solve production challenges. The company creates strains of industrial hemp by combining the science used to study genetics with traditional agriculture breeding techniques, the Rockies Venture Club announced Tuesday.
Former Poudre School District teacher Wendy Mosher founded New Genetics in 2014 with her husband, Colorado State University Professor John McKay, and his former student Rich Fletcher. They raised $400,000 from investors in June, according to BizWest.
“We consider ourselves more cannabis scientists, as we are learning about the genetics of the plant as a whole,” Mosher said in a statement. “Being able to study the genetics in hemp makes it a much easier sell to regulators.”
New West Genetics can control how much THC — the principal...
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