Vida Cannabis Anticipating to Get a Commercial Production Permit in Stellarton

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Vida Cannabis Anticipating to Get a Commercial Production Permit in Stellarton

Ontario-based medical marijuana producers Vida Cannabis got a green signal from Stellarton Mayor Joe Genoe to start a new facility in the town.

ForexMinute.com – The Town of Stellarton was recently the eye-candy of every North American medical marijuana company, considering to be a beneficial ground to distribute cannabis by each one of them. However, it is the Ontario-based medical marijuana producers Vida Cannabis to have struck the final deal of the town’s vacant factory building at a price of $500,000.

This deal has further increased the company’s chances to get a commercial production permit, which is currently in its process of being accepted by Health Canada. According to the Vida Cannabis CEO Greg Wilsom, their company has a strong chances to get the license, owing to their strong application and earlier reputation. He also hinted their plans to start the production in the town by this coming fall.

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With the company expecting to employ 200-300 people for the production factory, the first one to comment over this fruitful change is Sterllarton’s Mayor Joe Gennoe. He has willfully extended his support to the Ontario Company, which is likely to spend a sum of $4 million at the start of the production by employing over 20 workers.

“Listen, its jobs,” he said, “As long as they’re authorized by both levels of government, then we will welcome them as a new employer.”

Wilson’s enthusiasm about the project seems to compliment the anticipation of the Mayor. The CEO verbally hands over the statistics given by Health Canada recently, centered on the growing number of medical marijuana prescription holders. “Health Canada’s own statistics predict the number of medical marijuana prescription holders to go as high as 450,000 in this country over the next decade,” said Wilson. “That’s a tremendous growth potential when you consider that there are only about 40,000 prescription holders today.”

Health Canada had also recently made some amendments to its medical marijuana laws, prohibiting Canadians to grow marijuana plants at home and making it mandatory to buy them only from government-authorized retails and dispensaries.

To contact the reporter of the story: Jonathan Millet at john@forexminute.com