Integrated Cannabis Solutions, Inc. (OTCMKTS:IGPK) has indicated that they want to seek opportunities in the cannabis industry and extend the company’s reach beyond Wisconsin. Recently the company submitted a Grow and Processing License application to the State of Wisconsin for the 200-acre farm they acquired.
Acquisition of manufacturing license
Extending the company’s reach beyond Wisconsin is an opportunity that Integrated Cannabis has seen that will grow their business. It will allow the company to acquire a Cannabis Manufacturing License because of the extended reach and start operating in California. The Grow License permits growers to process their crops. Therefore if it gets approved in Wisconsin the company will begin manufacturing THC and CBD products in California.
Wisconsin and the surrounding areas where hemp is farmed have a shortage of manufacturers and processors of the crops. With plenty of farmland and yields in the surrounding area, the seeking of a manufacturing license by the company makes sense considering the fact that they are already building a facility in the area. California has the largest legal cannabis market in the U.S. and across the world.
Legalization of marijuana
Following the recent legalization of hemp farming through the Farm Bill, Wisconsin governor Tony Evers has equally proposed an overhaul of the state’s marijuana laws. The proposal to enact the marijuana laws seeks to legalize medical use of marijuana. It will also decriminalize possession of marijuana as well as align the laws of the state on cannabinoid oil with the federal standards in place.
Once the changes have been made the company seeks to take advantage to acquire the Manufacturing and Medical Retail License in the state of Wisconsin. This will be a great opportunity for integrated cannabis in the nascent cannabis market in and around Wisconsin.
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