United Cannabis Corporation (UCANN), the American company that has partnered with Lasco Manufacturing for the production of cannabis-infused water among other cannabis medicinals, has been issued a licence to cultivate cannabis through a company called Cannabinoid Research and Development (CRD).
The update from United Cannabis CEO Earnest Blackmon comes 18 months after Lasco Manufacturing struck a US$103 million ($12.8 billion) deal with United Cannabis and CRD to manufacture medicinals in the form of capsules, sublinguals, roll-ons, and balms for export to the English-speaking Caribbean and Central America.
On Tuesday, United Cannabis announced that it had initiated distribution in The Cayman Islands for its patented Prana Hemp products as well as hemp-derived extracts.
Lasco Manufacturing, which formed a new company for the venture called Lasvac, has earmarked US$100 million for the manufacture and distribution of the products. The remaining US$3 million will come from United…