The DEA is the United States federal law enforcement agency responsible for enforcing drug laws in the United States. It is the administrative agency responsible for controlled substances within the United States Code, and it is the principal federal agency tasked with enforcing drug laws.
It has been reported that Bright Green Holdings, a Canadian company headquartered in Vancouver, has been selected by the U.S. Drug Enforcement Administration (DEA) to supply and distribute cannabis and cannabis-related products in Colorado.
Bright Green Corporation builds $300 million high-tech cannabis research and production facility in New Mexico
Santa Fe, N.M., May 24-May 21 (GLOBE NEWSWIRE) — Rural New Mexico will soon have one of the largest cannabis production and research facilities in the country, New Mexico Governor Michel Lujan Grisham and Bright Green Corp. announced Monday. A $300 million investment in a state-of-the-art agricultural ecosystem on company-owned land in Grants, New Mexico, that will use the latest technology and automation to ensure consistency and purity in the production of high-quality cannabis and to advance medical research. The project is expected to create more than 170 construction jobs and 200 research and agricultural jobs. I couldn’t be more excited about the development of yet another world-class research facility here in New Mexico. As a state, New Mexico has a legacy of leadership in research and science. And Bright Green is an interesting partner that I’m glad I decided to make a difference in our state.
Governor of New Mexico Michel Lujan Grisham
We have the talent, manpower and innovation to make this new industry a complete success. Investments like this make me even more optimistic. Governor Lujan Grisham, the New Mexico federal delegation, and the local and tribal communities of Sibola County have worked with us from the beginning to create an environment conducive to innovation and research, and we are pleased to finally share the news of this investment with the rest of New Mexico, said Terry Rafih, President of Bright Green. With the spirit of federal, state and corporate collaboration we have found in New Mexico, we will see New Mexico and Bright Green Corporation become leaders in this emerging field of medical research, said Lynn Stockwell, principal owner and majority shareholder of Bright Green Corporation. Grants-based Bright Green (BGC) has received approval from the Drug Enforcement Administration to allow the production, storage, packaging and distribution of marijuana for medical research in accordance with the new regulations, as well as other applicable regulatory and relevant laws. Earlier this week, BGC signed a memorandum of understanding with the Drug Enforcement Administration. Although much has been written about the cannabis market, we believe that the real contribution of cannabis lies in its medicinal applications.
Ed Robinson, CEO of Bright GreenCorporation
Our goal is to improve the quality of life for a large population through the possibilities offered by the medical use of herbal treatments, including cannabis products. To obtain a DEA license, applicants must demonstrate that they have met several requirements. This includes having the necessary authority at the state level, documenting that their clients are authorized to conduct searches, and taking reasonable precautions to prevent abuse. Compliance with the law is the foundation of our company’s ethics, and we will comply with all federal, state, and local laws to provide cannabis for government-sanctioned research. Bright Green will provide stable, pure, organic cannabis and high-quality cannabis extracts that ensure a safe supply for cannabis researchers across the country, Robinson said. This result could not have been achieved without the proven efforts of the DEA and the State of New Mexico. Original press release Stay ahead of the crowd by subscribing to 420 Investor, the largest and most comprehensive subscription service for cannabis dealers and investors since 2013. New Cannabis Ventures is committed to gathering quality content and information about leading cannabis companies to help our readers filter through the noise and stay informed about the most important news in the field. Do you have sensitive information? Please contact us.