In 1996, California became the first state in the country to
legalize the use of medical cannabis when it enacted Proposition 215. Less than
two decades later, a total of 23 states, as well as the District of Columbia,
have legalized marijuana for medicinal purposes, and that progress has come
without a single clinical trial taking place. To this point, the medicinal
cannabis market has existed without facing many of the regulatory hurdles
present in the pharmaceutical industry, but that could be changing soon. With
the movement to reclassify cannabis as a schedule II drug at the federal level
rapidly gaining steam, the current landscape of the medical cannabis industry
could be closing in on a period of transformation.
As a schedule II drug, cannabis could be recognized as a
therapeutic treatment with an accepted medical use in the United States, which
would dramatically increase the marketability of cannabis-based
pharmaceuticals. This shift in perception would likely entice major
pharmaceutical players to begin studying the medicinal benefits of marijuana.
GrowBLOX Sciences, Inc. (OTCQB: GBLX), through the development and
commercialization of its proprietary GrowBLOX technology suite, is prepared to
capitalize on this market evolution by providing an unrivalled approach to
consistent cannabis production.
The GrowBLOX technology suite was specially engineered to
safely and reliably deliver consistent cannabis products by preserving and
replicating carefully chosen genetic stock and precisely controlling the
growing process. By monitoring everything from lighting conditions and
temperature to oxygen and carbon dioxide levels, the company’s innovative
products allow for the elimination of many limiting variables in order to
maximize the accuracy and consistency of both clinical testing and full-scale
production efforts.
In an interview with TNMNews, César Cordero Krüger, chief
executive officer of GB Sciences Puerto Rico, provided investors with a
detailed look at the vast market potential for GrowBLOX’s groundbreaking
cultivation suite as the medical cannabis industry continues to mature.
According to Krüger, the epicenter of future medical marijuana production isn’t
located in the continental United States, but in the U.S. territory of Puerto
Rico.
Puerto Rico’s history as a medical marijuana hub is just
beginning. In 2014, Governor Alejandro Garcia Padilla signed an executive order
authorizing the manufacturing of medical marijuana across the island. Although
details are still under wraps, Krüger highlighted the possibility that the
government’s future plans could involve the University of Puerto Rico, giving
the local industry access to the university’s molecular science building,
cancer research facilities and independent laboratory testing.
With one of the densest concentrations of pharmaceutical
industries in the world, Puerto Rico appears to have a major role to play in
the future of the medical cannabis industry. Likewise, look for GrowBLOX and
its subsidiaries to make waves with the continued development and
commercialization of the GrowBLOX technology suite.
For more information, visit www.growblox.com
To listen to the full conversation with César Cordero
Krüger, visit www.tnmnews.com
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