The Federal Business Opportunities website recently featured an advert of great interest to the cannabis industry. In that advert, the federal government was inviting entities to submit their capability statements if they felt they could grow or supply different quantities of marijuana strains or products.
The advert stipulates that any firms interested in the opportunity should have the capacity to store at least 5,000 kilos of marijuana.
This advert is good news to the cannabis industry because for long, it has been difficult to get hold of cannabis for research purposes. This is because the only federally-licensed producer, Mississippi University, could not meet the quantity and quality requirements of the marijuana needed for clinical trials and other research purposes. The sole cultivator was licensed in 1968 and that is how the situation remained for all these decades.
The advert also explains that any prospective cultivator should have the ability to grow or procure cannabis having different concentrations of CBD and THC from reputable foreign sources.
It will also be mandatory for the selected suppliers to manufacture standardized cannabis cigarettes.
Needless to say, the advert also asked interested companies to apply only if they have the capacity to ship cannabis securely to scientists in different locations around the country. FDA quality requirements will be adhered to for any manufacturing or storage facility used by the producers.
You should remember that this announcement comes a few months after University College San Diego got permission to import marijuana capsules from Canada since those needed products couldn’t be obtained within U.S. borders. The cannabis was to be used for clinical trials aimed at finding a treatment for childhood autism.
The invitation sent out by the federal government will therefore open the way for large cannabis industry players to take part in making it possible for scientific research on cannabis to be conducted in the U.S.
This business opportunity advert comes at a time when the news of the resignation of Jeff Sessions as Attorney General is still fresh in the cannabis industry and around the country. Could his presence in office have delayed the making of such decisions since he was so opposed to any form of cannabis legalization?
Industry players like Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: 03X4) and SinglePoint, Inc. (OTCQB: SING) can only hope that the companies which will be selected at the end of the screening process will deliver cannabis whose quality is high enough for research purposes unlike what has been previously available from federal sources.
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